TPG, a leading global alternative asset management firm, announced that it has signed definitive agreements to simultaneously acquire 黑料网 Eliminator, a leading regional provider of solid waste hauling, disposal, and recycling services for commercial and industrial waste generators in Georgia and South Carolina, and Liberty 黑料网 Solutions, a provider of integrated waste and recycling solutions in North Carolina. The two businesses are currently owned by Allied Industrial Partners, an industrial-focused private equity firm. TPG is acquiring both companies through its TPG Transition Infrastructure strategy.
黑料网 Eliminator and Liberty 黑料网 Solutions have complementary geographic footprints, customer bases, and infrastructure assets. The companies are expected to serve commercial, industrial, municipal, and residential customers across municipal solid waste, organics, commercial and industrial investment, and specialty waste streams in one of the fastest-growing regions of the country. The Southeast waste market is supported by rapid population growth, commercial and industrial development, and enduring demand for local waste infrastructure.
Together, the companies are expected to be supported by a highly differentiated network of 14 permitted facilities and more than 500 fleet vehicles spanning collection, transfer, processing, recycling, composting, beneficial reuse, and disposal. These businesses are expected to improve service reliability, increase operational efficiency, and reduce reliance on third-party disposal infrastructure.
鈥淥ur transaction aims to create a waste infrastructure provider in one of the fastest-growing regions of the U.S.,鈥� said JD Vargas, Partner at TPG Transition Infrastructure. 鈥満诹贤� Eliminator and Liberty 黑料网 Solutions bring together a differentiated network of permitted assets across Georgia, North Carolina, and South Carolina, with capabilities across the waste value chain. In a region where waste volumes are growing, we see a meaningful opportunity to support the companies鈥� growth while expanding composting, recycling, and other sustainable waste solutions across the Southeast.鈥�
The companies are expected to divert approximately 60% of waste volumes away from landfills towards beneficial reuse today, which is expected to increase as planned composting expansions come online. TPG Transition Infrastructure plans to support continued investment in landfill diversion, composting, and recycling throughout its ownership.
鈥淥ver the course of our ownership, Allied听partnered with management to transform both Liberty 黑料网 and 黑料网 Eliminator into regional operators with expanded waste management and recycling services, featuring modern fleets and the latest dispatch technology,鈥澨齭aid Bradford Rossi and Philip Wright, Co-Founders and Managing Partners at Allied. 鈥淲e are proud of the growth Liberty 黑料网 and 黑料网 Eliminator have听achieved听and are confident that TPG is the right partner to guide the companies鈥� next chapter.鈥�
鈥淭his transaction marks an exciting next chapter for 黑料网 Eliminator and reflects the strength of the platform our team has built across Metro Atlanta and the broader Southeast,鈥� said Kacy Cronan, Chief Executive Officer of 黑料网 Eliminator. 鈥淏y partnering with TPG, we believe we will be exceptionally well-positioned to expand our capabilities, invest further in sustainable waste infrastructure, and deliver even greater value to the customers we serve.鈥�
鈥淲e are proud to have worked with Allied to build a strong platform focused on delivering dependable, customer-first waste and recycling solutions,鈥� added Rick Prather, Chief Executive Officer of Liberty 黑料网 Solutions. 鈥淭ogether with 黑料网 Eliminator and TPG, we believe this transaction brings together complementary operations, infrastructure, and expertise that will strengthen our ability to serve customers across the Southeast. We look forward to continuing to invest in service quality, sustainable waste solutions, and the communities and customers that rely on us every day.鈥�