Timah Partners, a Singapore-based permanent capital firm, has announced the launch of its Specialised Waste Management Platform (SWP) alongside its first acquisition in the sector. This initiative is part of Timah’s broader strategy to consolidate and transform Singapore’s fragmented specialised waste management industry, which generates nearly S$400m annually.
The SWP will be guided by a senior advisory board, including former Senior Minister of State for Sustainability and the Environment, Dr Amy Khor, and former CEO of the Building and Construction Authority, Kelvin Wong. The board’s expertise spans policy, regulatory, and operational aspects crucial for the industry.
Timah’s first acquisition involves an established operator with over two decades of experience. This acquisition marks the beginning of Timah’s plan to scale through further acquisitions within the sector. The founder of the acquired business, seeking a succession solution, views Timah’s permanent ownership model as a suitable long-term home for his company.
Dennis Chua, Founder and CEO of Timah Partners, highlighted the importance of the industry, stating, “These are essential businesses that help keep Singapore clean and safe.” The firm aims to provide these small and owner-operated businesses with the resources and operational discipline they need.
Timah’s approach is supported by evergreen capital, having closed a US$50m Series A funding round in June 2025. The firm focuses on acquiring B2B SMEs with mission-critical business models, ensuring long-term stewardship rather than a buy-to-sell cycle.
