Key Takeaways
- • Liberty Waste Solutions, backed by Allied Industrial Partners, acquired Bill's Trash Services in Fayetteville and Harnett County, North Carolina, marking the company's fourth acquisition in 2026 following M&M Garbage Disposal, Randolph County Garbage Servicing, and AJ Disposal.
- • Since Allied's initial investment in Liberty in 2022, the platform has modernized its fleet, deployed advanced routing and dispatch technology, and divested its scrap metal division in April 2024 to operate as a pure-play waste company.
- • Allied Industrial Partners, founded in 2019 by Bradford Rossi and Philip Wright, manages over $1 billion in assets and focuses on lower middle-market investments across industrial rentals, manufacturing, distribution, environmental services, and critical infrastructure.
- • Rick Prather leads Liberty Waste Solutions as CEO, overseeing the company's aggressive consolidation strategy within the North Carolina waste services market.
Summary
Liberty Waste Solutions, a residential and commercial waste platform based in Raleigh and backed by private equity firm Allied Industrial Partners, has completed its fourth acquisition of 2026 with the purchase of Bill's Trash Services. The target operates in the greater Fayetteville market and serves Harnett County in North Carolina. This transaction follows three earlier 2026 acquisitions: M&M Garbage Disposal, Randolph County Garbage Servicing, and AJ Disposal, signaling an accelerated consolidation pace within the regional waste services market.
Allied Industrial Partners first invested in Liberty Waste in 2022, establishing a platform designed for consolidation and operational improvement. Under CEO Rick Prather's leadership, the company has executed a strategic modernization program that includes fleet upgrades and implementation of advanced routing and dispatch technology to enhance operational efficiency. A notable strategic pivot occurred in April 2024 when Liberty divested its scrap metal division, repositioning itself as a pure-play waste services company focused exclusively on residential and commercial waste collection.
Allied Industrial Partners, established in 2019 by co-founders and managing partners Bradford Rossi and Philip Wright, has built a $1 billion-plus asset base with an investment thesis centered on lower middle-market companies. The firm operates across diverse industrial verticals including industrial rentals, manufacturing, distribution, environmental services, and critical infrastructure. Liberty Waste exemplifies Allied's strategy of acquiring fragmented regional operators, consolidating operations, and deploying technology and management expertise to drive value creation in essential services businesses.
Allied Industrial Partners first invested in Liberty Waste in 2022, establishing a platform designed for consolidation and operational improvement. Under CEO Rick Prather's leadership, the company has executed a strategic modernization program that includes fleet upgrades and implementation of advanced routing and dispatch technology to enhance operational efficiency. A notable strategic pivot occurred in April 2024 when Liberty divested its scrap metal division, repositioning itself as a pure-play waste services company focused exclusively on residential and commercial waste collection.
Allied Industrial Partners, established in 2019 by co-founders and managing partners Bradford Rossi and Philip Wright, has built a $1 billion-plus asset base with an investment thesis centered on lower middle-market companies. The firm operates across diverse industrial verticals including industrial rentals, manufacturing, distribution, environmental services, and critical infrastructure. Liberty Waste exemplifies Allied's strategy of acquiring fragmented regional operators, consolidating operations, and deploying technology and management expertise to drive value creation in essential services businesses.
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