Key Takeaways
- I Squared Capital acquired Energy Capital Partners.
- Sector: Environmental Infrastructure & Services.
- Geography: United States.
Analysis
I Squared Capital has entered into a definitive agreement to acquire Liberty Tire Recycling from Energy Capital Partners, expanding its footprint in environmental infrastructure.
Liberty Tire Recycling operates as North America’s leading end-of-life tire recycling platform, delivering comprehensive tire collection, processing and recycling through a nationwide network of 50 facilities. Each year, it handles more than 215 million end-of-life tires and serves 50,000+ customers, with a team of over 3,500 employees.
I Squared plans to push forward automation and digital enhancements to improve efficiency and environmental performance while exploring strategic add-ons to broaden product offerings in the circular economy.
Commentary: Thomas Womble, Liberty’s CEO, emphasized the people-first culture and safety standards; Gautam Bhandari, Global CIO and Managing Partner of I Squared, highlighted the growth potential. Drew Brown, Energy Capital Partners’ Partner, noted Liberty’s sector leadership and its trajectory under new ownership. Financial terms were not disclosed.
Advisors: Liberty was advised by BMO Capital Markets and Jefferies; Latham & Watkins provided legal counsel. I Squared was advised by Houlihan Lokey with Kirkland & Ellis serving as its legal counsel.
Liberty Tire Recycling is devoted to reclaiming, recycling and repurposing the more than 215 million tires collected annually, supporting a circular economy across the continent.