Image courtesy of Houlihan Lokey.
I Squared Capital, a Miami-based global infrastructure investment fund, has acquired Pittsburgh-based Liberty Tire Recycling from its previous owner Energy Capital Partners (ECP).
This acquisition was announced on Oct. 14, 2025, with the transaction officially closing on Dec. 18, 2025.
Liberty Tire is an end-of-life tire recycling platform, providing comprehensive tire collection, processing and recycling solutions.
In the company’s October announcement, I Squared said it plans to work with Liberty Tire to invest in automation and technology to enhance efficiency and environmental performance and pursue strategic acquisitions that expand the company’s footprint.
This transaction adds Liberty Tire to I Squared’s global portfolio of environmental infrastructure platforms. The company says its portfolio includes more than 90 companies operating in more than 70 countries, spanning sectors such as energy, utilities, digital infrastructure, transportation, environmental and social infrastructure.
Houlihan Lokey acted as financial advisor to I Squared and also represented Liberty Tire in its sale to ECP in 2021.
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