Global investment firm Carlyle Group is selling Liberty Tire Recycling to ECP, investor across energy transition and decarbonisation infrastructure assets, including power generation, renewables and storage solutions, sustainability-linked infrastructure, and customer solutions facilitating the energy transition. Liberty has a network of more than 25 processing plants and flexible collection service offerings in North America.
The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021. Financial details of the transaction were not disclosed.