TowerBrook Capital Partners (“TowerBrook”), the London and New York-based international investment firm, today announces it has acquired a majority stake in TXO, one of the first investments for its dedicated impact strategy.
TXO is a business-to-business provider of telecom asset management and asset disposal services, providing clients with end-to-end solutions for the sourcing, maintenance, reuse, recycling and disposal of their communications infrastructure. TXO’s business model supports the critical transition towards a circular economy by reducing waste and extending the life of network assets, reducing the need for new materials and reducing the environmental impact associated with their production. TowerBrook has committed to assisting with the ongoing growth and advancement of the company, which includes expanding into international markets, pursuing strategic acquisitions, and offering valuable guidance and counsel to the management team.
TowerBrook’s impact strategy builds on the firm’s capabilities as a leader in responsible ownership and impact investing. TowerBrook was the first mainstream private equity firm to be certified as a B Corp and has significant experience in delivering improved ESG performance across its private equity and Structured Opportunities (TSO) portfolios. The dedicated impact strategy is a natural evolution of TowerBrook’s established investment strategy, investing in businesses designed to generate a specific measurable social or environmental impact, while seeking to deliver market returns.
Gordon Holmes, Managing Director and Chief Investment Officer of TowerBrook, said:
“We are thrilled to announce our partnership with TXO, one of our first investments in our dedicated impact strategy. TXO is a great example of a high-impact business model with a complementary focus on societal and financial value creation. TXO is a market-leading business, growing strongly and profitably, and is led by a committed and talented management team. We are excited to support TXO in accelerating their growth and impact, while also generating positive returns for our investors.”
Darren Pearce, Group CEO of TXO, said:
“We are extremely excited to announce our new partnership with TowerBrook. At TXO, we have proudly developed into one of the largest and most respected solution providers in critical telecom network hardware and asset management services, with sustainability in our core values from the very beginning. With the opportunity to accelerate our international journey and expand our customer offering, while remaining anchored in our sustainability values, we are delighted to embark on this journey with TowerBrook.”
