Energy Capital Partners IV, LP managed by Energy Capital Partners, LLC entered in an agreement to acquire Liberty Tire Recycling LLC from Carlyle Strategic Partners IV, L.P. managed by The Carlyle Group Inc. (NasdaqGS:CG) and others on April 1, 2021. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021. Houlihan Lokey is serving as the lead financial advisor, BMO Capital Markets is serving as co-financial advisor and David Dantzic, Victoria Vanstekelenburg, David Raab, David Della Rocca, James Barrett, Shira Bressler, Marc Williamson, Kelly Fayne and Peter Todaro of Latham & Watkins is serving as legal advisor to Liberty Tire Recycling and The Carlyle Group.

William J. Benitez, Lucas Edward Spivey, Jordan Roberts, Mark Dundon, Paul D. Tanaka and Michael Saretsky of Kirkland & Ellis LLP is serving as legal advisor to ECP.