TPG has agreed to acquire Waste Eliminator and Liberty Waste Solutions from Allied Industrial Partners, expanding its footprint in environmental services. The deal marks the private equity firm's latest move in the waste management sector, combining two regional operators under its transition infrastructure fund.

This acquisition represents the third transaction for TPG's inaugural infrastructure fund, following its purchase of Kinetic and take-private deal for Altus Power. The fund targets businesses positioned to benefit from economic transitions, and waste management fits squarely into that thesis as companies seek more sustainable disposal solutions.

Waste Eliminator operates across Georgia and South Carolina, providing solid waste hauling, disposal, and recycling services to commercial and industrial clients. Liberty Waste Solutions delivers integrated waste and recycling solutions in North Carolina. Together, they create a multi-state platform serving key Southeast markets.

The transaction is expected to close by the third quarter of 2026. This move signals continued private equity interest in essential services infrastructure, as investors see stable cash flows and growth potential in waste management amid increasing environmental regulations.