Houlihan Lokey advises Denali Water Solutions acquisition

Los Angeles-based investment banking firm Houlihan Lokey has announced that Denali Water Solutions, Russellville, Arkansas, has been acquired by TPG Growth, the middle market and growth equity platform of San Francisco-based alternative asset firm TPG. The transaction closed on Jan. 29.

Denali, Russellville, Arkansas, 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.

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, according to a company news release.