TPG’s growth capital arm has agreed the buyout of waste processing and recycling business Denali Water Solutions.
The company provides daily organic waste collection, processing, recycling, and disposal for municipal, industrial food processing and downstream industrial customers.
TPG Growth partner Ransom Langford said, “Denali has established a broad and diverse customer base by providing essential, best-in-class recycling and environmental services to a number of key industries.
“Through strategic acquisitions and organic expansion, Denali has built an extensive network of beneficial use locations and firmly positioned itself as a top specialty waste provider to large industrial sub-sectors like the municipal market and industrial food processing market.”
The deal is expected to close in early February.
TPG Growth hit a $3.7bn final close for its fourth fund in 2017, after just four months on the fundraising trail.
The unit has about $14.5bn of assets under management.
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