听TXP Environmental announced the acquisition of Diamond Back Recycling and Sanitary Landfill, in Odessa, Texas. This strategic acquisition cements TXP as a leading, vertically integrated platform throughout the state of Texas. Terms of the transaction were not disclosed.听
Diamond Back first began accepting volume in 2025 and quickly scaled to one of the larger disposal outlets in the region. Prior to acquisition, the landfill was owned and operated by Michael Valenzuela, who in August of 2024 also sold Basin Disposal to TXP. Valenzuela commented 鈥淲e are happy to have partnered with TXP Environmental again. They have been great partners, and I am excited to see Chuck, Ray and the entire TXP team continue to grow Diamond Back going forward.鈥�听
Chuck Casalinova, CEO and Board Chair of TXP Environmental commented 鈥淲e are excited to have Diamond Back as part of the TXP platform and to have partnered with Michael again. This will further bolster our operations in the West Texas region and make us one of the few vertically integrated, privately held waste companies in the state of Texas.鈥� TXP COO Ray Lewis added, 鈥淒iamond Back represents a unique opportunity for TXP to expand our service offerings and presence in the region. We are grateful for the opportunity and appreciate our investors support.鈥�听
The landfill represents a significant growth opportunity for TXP as it continues to ramp volume in the coming years. The purchase of the landfill allows TXP to realize operational synergies and internalize a critical part of the waste value chain. The facility is permitted to accept both Type 1 (MSW) and Type IV (C&D) volumes, making it the disposal site of choice for local haulers. Diamond Back represents the fifth acquisition to date for TXP under the ownership of NMS Capital.听
Alongside the transaction TXP executed a new secured credit facility with Stonepeak Credit. TXP CFO Joe Scarano commented, 鈥淚n addition to supporting the acquisition of Diamond Back, our new credit facility provides fresh capital to support organic growth initiatives across the state and additional strategic acquisitions.鈥� David Xia, Managing Director with Stonepeak, commented, 鈥淲e are thrilled to partner with NMS Capital and TXP to support future growth of their leading, regional waste platform.鈥�听
Stifel served as the exclusive financial advisor to TXP and NMS on both the acquisition and related debt financing.听