Goldman Sachs Alternatives has entered into a definitive agreement to acquire Liquid Environmental Solutions, a provider of non-hazardous liquid waste management services in the United States, from Audax Private Equity.
Founded in 2002, Liquid Environmental Solutions (LES) is a leading national service provider within the circular economy, managing non-hazardous liquid waste for its blue-chip customer base through a high-quality network of scaled infrastructure assets. LES collects, treats and beneficially recovers materials from a variety of liquid waste sources including grease traps, oil water separators, used cooking oil and other non-hazardous liquid waste for the restaurant, grocery chain, hospitality, education and environmental services sectors.
Published November 2025
