Houlihan Lokey Advises Denali Water Solutions

Houlihan Lokey is pleased to announce that Denali Water Solutions ("Denali" or "the company") has been acquired by TPG Growth from the company’s management and The Firmament Group. The transaction closed on January 29, 2020.

Headquartered in Russellville, Arkansas, Denali is a market-leading provider of specialty waste, environmental recycling, and disposal services in the United States, with a focus on wastewater residuals management. The company performs daily mission-critical organic waste collection, processing, recycling, and disposal for municipal, industrial food processing, and downstream industrial customers. Denali provides a strong value proposition to its customers through its easily accessible and cost-effective recycling and disposal methods that are underpinned by an extensive network of permitted farmland and strategically located organic waste processing facilities.

Established in 2012, The Firmament Group (formerly known as McLarty Capital Partners) is a provider of tailored debt and equity capital solutions to small- and medium-sized enterprises. The Firmament Group is headquartered in New York City with offices across the United States and the United Kingdom.

TPG Growth is the middle-market and growth equity investment platform of TPG, a global alternative asset firm. With approximately $14.5 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation and help companies reach their full potential. The firm is backed by the resources of TPG, which has more than $119 billion of assets under management.

Houlihan Lokey served as the exclusive financial advisor to Denali and assisted in initiating, structuring, and negotiating the transaction on Denali’s behalf. This transaction highlights Houlihan Lokey's broad sector expertise in advising environmental services companies as well as its continued success in sellside assignments, representing the firm's second successful sale of a wastewater treatment company in the past six months.