The Carlyle Group LP is reportedly seeking to sell Synagro Technologies, Inc., two people familiar with the matter said. Carlyle Group has reportedly also hired Evercore Partners Inc. to look for buyers for debt ridden Synagro Technologies, people added. Evercore is reaching out to other companies in Synagro's sector as well as private equity firms for sale, the people said.

If this effort is not successful, the company could be taken over by the debt holders, they added. Synagro did not immediately respond to a request for comment. Carlyle and Evercore declined to comment, Reuters said.