M&A Deal Summary

TPG Acquires Waste Harmonics

On June 16, 2023, private equity firm TPG acquired environmental company Waste Harmonics from Arcapita

Acquisition Highlights
  • This is TPG’s 4th transaction in the Environmental sector.
  • This is TPG’s 266th transaction in the United States.
  • This is TPG’s 13th transaction in New York.

M&A Deal Summary
Date 2023-06-16
Target Waste Harmonics
Sector Environmental
Buyer(s) TPG
Sellers(s) Arcapita
Deal Type Secondary Buyout

Target

Waste Harmonics

Victor, New York, United States
Waste Harmonics is a technology-enabled facility services company that delivers a comprehensive suite of waste management solutions to blue-chip clients throughout North America. Waste Harmonics is one of the largest managed waste services companies in the US, and delivers critical waste collection services across all 50 US states, Canada, Puerto Rico, and Guam, through an outsourced network of over 5,000 vendors. Waste Harmonics was founded in 2001 and is based in Victor, New York.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 408 of 421
Sector (Environmental) 4 of 4
Type (Secondary Buyout) 66 of 72
State (New York) 13 of 13
Country (United States) 266 of 276
Year (2023) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-16 Keter

Stamford, Connecticut, United States

Keter is a full-service recycling and waste management company focused on providing first-class sustainable recycling and waste programs. Keter was founded in 2011 and is based in Stamford, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-10 Forcepoint G2CI

Austin, Texas, United States

Forcepoint G2CI is a provider of critical infrastructure IT services to a variety of government clients. The Company is based in Austin, Texas.

Buy $2.5B

Seller(S) 1

SELLER

Arcapita

Manama, Bahrain

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1997
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcapita is a private investment firm with separate investment disciplines spanning venture capital, corporate investment, real estate, and asset-based investments. Arcapita's Corporate Investment practice looks to acquire controlling interests in established companies valued between $50 million and $500 million. Sectors of interest include consumer products/services, healthcare, energy, technology, and manufacturing. Arcapita's infrastructure team looks to invest $50 to $300 million in energy, water, and transportation assets. The Firm will consider opportunities around the globe; including the United States, Latin America, Russia, China, Europe, Middle-East, and India. Arcapita was formed 1997 and has offices in Manama, Bahrain; Atlanta, Georgia; London; and Singapore.

DEAL STATS #
Overall 32 of 33
Sector (Environmental) 1 of 1
Type (Secondary Buyout) 9 of 9
State (New York) 2 of 2
Country (United States) 22 of 23
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Nationwide Property & Appraisal Services

Voorhees, New Jersey, United States

Nationwide Property & Appraisal Services is an appraisal management company specializing in the management of appraisal and property valuation services for residential and commercial property lenders. Nationwide Property & Appraisal Services was founded in 2008 and is based in Voorhees, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-04 Dataflow Group

Dubai, United Arab Emirates

Dataflow Group helps clients to conduct primary source verification (PSV) on credentials of highly skilled professionals, for example, doctors, nurses, or engineers, as part of mandatory immigration and credentialing programs, and processes hundreds of thousands of immigration compliance screening and verification service transactions for professionals each year on behalf of the government, quasigovernment, regulatory and large multinational organizations worldwide. Dataflow Group was founded in 2006 and is based in Dubai, United Arab Emirates.

Buy -
Mergr

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