TXP Environmental has acquired Diamond Back Recycling and Sanitary Landfill, located 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.
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 “We 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.”
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.
Alongside the transaction TXP executed a new secured credit facility with Stonepeak Credit. TXP chief financial officer Joe Scarano commented, “In addition to supporting the acquisition of Diamond Back, our new credit facility provides fresh capital to support organic growth initiatives.”
Published March 2026
