Deal set for Denali Water Solutions

Private-equity firm TPG Growth announced Thursday that is has agreed to purchase Denali Water Solutions of Russellville in a transaction that is scheduled to close in February. Terms were not disclosed.

Denali is a provider of specialty waste and environmental recycling and disposal services in the United States. The company collects, processes, recycles and disposes of waste for municipal, industrial food processing and industrial customers.

Denali was owned by its management team and The Firmament Group, which includes Arkansans Mack McLarty and Franklin McLarty, who is a co-founder and chairman of the group.

"The 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," said Andy McNeill, chief executive officer of Denali Water Solutions. "We are excited to welcome TPG Growth's strategic approach and operational expertise and look forward to partnering with them to execute our shared vision for Denali's future growth."

Denali has 160 employees at its Russellville headquarters and 800 across the U.S.

"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," said Ransom Langford, partner at TPG Growth.

TPG Growth is based in Fort Worth and San Francisco. The company manages about $14.5 billion in assets.

Business on 01/24/2020

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