Liberty Tire Recycling has been acquired by I Squared Capital from Energy Capital Partners (ECP). Liberty Tire offers tire collection, processing, and recycling solutions. Each year, the company said it processes more than 215 million end-of-life tires. It converts them into reusable materials that serve industrial, commercial, and consumer markets.
ECP acquired Liberty in April 2021. I Squared said under its ownership, Liberty will continue to invest in automation, technology, and strategic acquisitions to expand its reach and improve efficiency.
Liberty Tire Recycling Acquired by I Squared Capital
“Liberty has been successful because of our people and their focus on our core values. These core values include striving to keep employees safe, providing world-class customer service, partnering with manufacturers and retailers to help them achieve sustainability goals, and continuing to develop and grow new markets in the end-of-life tire space,” said CEO Thomas Womble. “ECP has been a great partner to Liberty. We are now looking forward to continuing the journey in partnership with I Squared.”
“I Squared’s investment in Liberty Tire Recycling reflects our continued focus on building resilient, sustainable infrastructure platforms that drive both economic and environmental impact,” said Gautam Bhandari, global chief investment officer and managing partner at I Squared Capital. “We are excited to partner with the Liberty team and support the company’s continued growth and innovation within the recycling industry.”
The parties did not disclose the financial details of the deal. BMO Capital Markets and Jefferies served as financial advisors to Liberty, with Latham & Watkins as legal counsel. Houlihan Lokey advised I Squared, and Kirkland & Ellis LLP served as its legal advisor.
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