Waco International Sold to Ethos-led Consortium (Sub-Saharan Africa)

Source: Ethos Private Equity

Waco International, a South Africa-based provider of forming, shoring and scaffolding services, as well as mobile modular buildings and sanitation services, has been sold to a consortium led by Ethos Private Equity. Also participating in the transaction were South African private equity firm RMB Ventures, African bank Standard Bank and Waco’s management. Waco, which also has operations in Chile, Australia and the U.K., plans to continue expansion efforts in Sub-Saharan Africa. Financial terms of the transaction were not disclosed.