Timah Partners launches platform for $400m specialised waste sector
It is anchored by the group’s first sector acquisition.
Permanent capital firm Timah Partners has launched a specialised waste management platform to consolidate Singapore’s nearly $400m specialised waste industry.
The launch is supported by the group’s signed agreement to acquire an established operator in the sector, which has been operating for over two decades.
The acquired business’s founder, who has run the company since its inception, was seeking a succession solution, Timah said. Details on the transaction remain undisclosed.
The company will serve as the platform’s beachhead acquisition. The firm has also identified at least two other local operators whose founders are similarly exploring succession options.
Meanwhile, the firm added that the sector’s operators remain small and founder-owned.
“Individually, each operator is small. In aggregate, this is a sizable and important market,” said Dennis Chua, Founder & CEO of Timah Partners.
“We see an opportunity to build a permanent platform for this overlooked corner of the broader waste industry,” Chua added.
The platform is guided by a senior advisory board drawn from the public sector, built-environment, facilities-management, and specialised waste management leadership
Specialised waste management businesses provide services such as specialised waste collection, sanitation and environmental services, drainage, grease-trap maintenance, and specialised handling and treatment.