Seffner, Florida – July 1, 2021
Veransa Group, Inc. - a newly formed company formed by Marc Owensby, Roger Johansson, and RFE Investment Partners –has acquired Consolidated Resource Recovery, Inc. (“CRR”) - the largest and oldest yard waste collection and recycling network in Florida, and Florida Organic Solutions, Inc. (“FOS”) - a leading Florida-based organic compost manufacturer.
The acquisition of both CRR and FOS creates a leading, vertically integrated, green-waste organic recycling compost manufacturer in Florida. Veransa vertically integrates green waste collection centers with 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, and 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.
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.
Veransa will continue to expand its vertical integration strategy with the development and acquisition of additional collection centers and organic compost manufacturing facilities throughout Florida.
Middlemarch Partners served as the investment banking advisor for Veransa Group, Inc.
About Veransa
Based in the Tampa-bay region of Florida, Veransa specializes in transforming urban wood and yard waste into valuable commodities on an industrial scale. Veransa vertically integrates green waste collection centers with 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.