Singapore’s Timah Partners has launched a Specialized Waste Management Platform to consolidate Singapore’s fragmented specialized waste management industry, signing an agreement to acquire an established operator as its first deal.

In a statement late last week, Timah Partners said Singapore’s specialized waste industry generates almost S$400 million ($309.3 million) in annual revenue. Most of businesses in the sector are small and owner-operated, while facing succession challenges as founders approach retirement. The sector covers compliance-driven services including specialized waste collection, sanitation and environmental services, drainage, and grease-trap maintenance.

Dennis Chua, Founder and CEO of Timah Partners, noted these are essential businesses that help keep Singapore clean and safe. Timah sees an opportunity to build a permanent platform for an “overlooked corner of the broader waste industry,” giving SMEs the resources, operational discipline, and long-term home they deserve, the executive added.

The platform is guided by a senior advisory board including Amy Khor, former Senior Minister of State for Sustainability and the Environment; Jeffrey Chua, former CEO of Ascendas Services and former Senior Managing Director of CapitaLand Singapore; and Kelvin Wong, former CEO of the Building and Construction Authority and former Executive Vice President of the Economic Development Board.

Timah operates as a permanent holding company that acquires B2B SMEs with recurring, mission-critical business models and holds them long-term, rather than following a buy-to-sell cycle.

Through its CEO Succession Program, the company recruits and develops future CEOs to succeed retiring founders. The company closed a $50 million Series A in June 2025, backed by founders of Danaher, TransDigm, and 3G Capital, alongside investors from Insight Partners, Norwest, TCV, and Tiger Global.

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