Media Contact: Roxane Teymourtash
Veransa Group, Inc Acquires Consolidated Resource Recovery (CRR) and Florida Organic Solutions (FOS)
Veransa acquires and vertically integrates the largest waste collection center in Florida with the state’s largest manufacturer of organic compost
Seffner, Florida – July 1, 2021 –Veransa Group, Inc., a newly formed company that specializes in transforming urban wood and yard waste into valuable organic commodities on an industrial-scale, has acquired Consolidated Resource Recovery, Inc. (“CRR”) and Florida Organic Solutions, Inc. (“FOS”). Veransa operates in the Tampa Bay region of Florida. CRR is the largest and oldest yard waste collection and recycling network in Florida. FOS is a leading Florida-based organic compost manufacturer.
The acquisition of both CRR and FOS creates a leading, vertically integrated, green-waste compost manufacturer in Florida. Veransa vertically integrates green waste collection centers with organic commodities manufacturing facilities to achieve highest-value use, waste-to-organic organic commodities, production. Veransa aggregates green waste and transforms it, using electrically powered processing equipment, into useful products on an industrial scale, including soil-regenerating, OMRI Listed®, organic compost and blended soils, that are free of biosolids or manure. It also processes wood waste into the feedstock for decorative mulch and renewable energy.
“CRR is the most successful and respected green waste collections and processing company in Florida, and FOS is one of the most trusted organic compost manufacturers. We are thrilled to have them as part of our group,” said Marc Owensby, CEO of Veransa Group Inc.
“By combining FOS with CRR we will be able to unlock value and generate efficiencies that will transform the urban wood and yard waste industry in Florida,” added Roger Johansson, Exec. Chairman of the company.
Douglas Halward, President of CRR noted, “CRR looks forward to being a meaningful driver of growth as part of the Veransa group.” Mr. Halward will remain President of CRR as well as becoming a shareholder and Board Member of the Veransa Group.
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Veransa will continue to expand its vertical integration strategy with the development and acquisition of additional collection centers and compost manufacturing facilities throughout Florida.
Veransa Group is an Environmental, Social, and Governance (ESG) portfolio company of RFE Investment Partners – a Connecticut-based private equity firm.
“We are thrilled to partner with the Veransa team on this exciting venture that is a perfect match with RFE’s investment strategy,” said Michael Rubel, Managing Director at RFE.
Middlemarch Partners served as the investment banking advisor for Veransa Group, Inc.
Veransa specializes in transforming urban wood and yard waste into valuable organic commodities on an industrial scale. Veransa vertically integrates green waste collection centers with organic commodities manufacturing facilities to achieve highest-value use, waste-to-organic commodities, production. Veransa aggregates green waste and transforms it, using electrically powered processing equipment, into useful products on an industrial scale, including soil-regenerating, OMRI Listed®, organic compost and blended soils, that are free of biosolids or manure. It also processes wood waste into the feedstock for mulch and renewable energy. Veransa is an Environmental, Social, and Governance (ESG) portfolio company of RFE Investment Partners, based in the Tampa-bay region of Florida.
RFE Investment Partners is a private equity firm focused on making control investments in established small market companies located in the United States. RFE is a long-standing Connecticut-based firm founded in 1980 with over 40 years of experience investing in the lower middle market. RFE’s investment strategy is to transform its portfolio companies from the lower end of the market to fully professionalized and market leading middle market companies. RFE is currently investing out of Fund IX. For more information, please visit www.rfeip.com.
About Middlemarch Partners:
Middlemarch Partners is a merchant bank that works with companies looking for well-structured and thoughtful solutions to their capital raising, M&A, and strategic partnering needs. Middlemarch is particularly active within the specialty finance, payments, electronic capital markets, financial technology, and business services sectors where companies require sophisticated equity and debt solutions.