Thistle Joins Forces with rePurpose Global for Plastic Recovery
Portfolio | Jun 05, 2025 | GroundForce Capital Management
Thistle, a portfolio company of GroundForce Capital Management, has committed to the Plastic Recovery Pledge by partnering with rePurpose Global, a leading Plastic Action Platform. The partnership aims to fund the removal and responsible disposal of 75,000 pounds of plastic waste primarily from nature and oceans by the year 2025. This volume equates to the plastic waste from over 3.6 million plastic bottles. The initiative not only addresses plastic pollution but also contributes to local economies by providing employment through waste management projects in regions such as India, Indonesia, and Kenya. Thistle's involvement underscores the importance of environmentally-focused business strategies, demonstrating GroundForce Capital Management's support for operator-led, mission-driven companies that embrace both immediate real-world action and long-term sustainable visions.
Sectors
- Environmental Services
- Private Equity
Geography
- Global – The initiative has a broad international scope, involving countries such as India, Indonesia, and Kenya where the waste management projects are being implemented, reflecting the global nature of the plastic waste challenge.
Industry
- Environmental Services – The article primarily focuses on environmental services, specifically the removal and recycling of plastic waste, which is directly related to Thistle's commitment to environmental sustainability.
- Private Equity – GroundForce Capital Management, a private equity firm, is highlighted for its investment in Thistle, emphasizing the firm's strategy of backing companies with strong environmental initiatives.
Financials
- 75,000 pounds – The quantity of plastic waste Thistle has committed to removing as part of its partnership with rePurpose Global.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Thistle | Portfolio Company | Company | A company backed by GroundForce Capital Management, participating in the Plastic Recovery Pledge to mitigate plastic pollution. |
| GroundForce Capital Management | Private Equity Firm | Company | The private equity firm that manages Thistle, focuses on investing in companies with impactful environmental initiatives. |
| rePurpose Global | Plastic Action Platform | Company | A leading platform focusing on plastic waste removal and responsible waste management practices globally. |