TPG Growth, the middle market and growth equity platform of alternative asset firm TPG, announces that it has signed a definitive agreement to acquire Russellville, Arkansas-based Denali Water Solutions from the Company鈥檚 management and The Firmament Group.聽Denali is a market-leading provider of specialty waste and environmental recycling and disposal services in the United States, performing mission-critical daily organic waste collection, processing, recycling, and disposal for municipal, industrial food processing and downstream industrial customers. Through an extensive network of permitted farmland and strategically located organic waste processing facilities, Denali provides a strong value proposition to its customers through its easily accessible and cost-effective recycling and disposal methods.
鈥淭he Firmament Group has been an integral part of our expansion since they invested in Denali in 2014. We are thankful for their partnership and support over the years,鈥� said Andy McNeill, CEO of Denali Water Solutions. 鈥淲e are excited to welcome TPG Growth鈥檚 strategic approach and operational expertise and look forward to partnering with them to execute our shared vision for Denali鈥檚 future growth.鈥�
鈥淒enali has established a broad and diverse customer base by providing essential, best-in-class recycling and environmental services to a number of key industries,鈥� said Ransom Langford, Partner at TPG Growth. 鈥淭hrough 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. We look forward to working with Denali鈥檚 deeply-experienced management team to continue to build on their success.鈥�