Ironwood Capital has exited its debt and minority equity investment in American Residuals Group, the holding company of Denali Water Solutions (Denali), to TPG Growth, a middle market and growth equity platform of alternative asset firm TPG. Denali is a provider of specialty waste and environmental recycling and disposal services in the United States, performing daily organic waste collection, processing, recycling, and disposal for municipal, industrial food processing and downstream industrial customers.
“The Denali management team did an excellent job executing on its investment thesis and growing its network,” says Ironwood Capital Managing Director Dickson Suit. “Denali provides important recycling solutions that contribute to more sustainable disposal of organic waste. We are proud to have been a part of the company’s growth.”
Carolyn Galiette, president and chief investment officer at Ironwood Capital, says: “We have now partnered with 12 environmental services-related and look forward to continuing to grow our presence in this important market.”
