VERANSA EXPANDS ITS FOOTPRINT WITH NEW ACQUISITION
A ZERO-WASTE LEADER IN TRANSFORMING GREEN & WOOD WASTE INTO BENEFICIAL RE-USE PRODUCTS, EXPANDS ITS FOOTPRINT FURTHER SOUTHWARD WITH NEW ACQUISITION.
Sarasota, Florida – October 21, 2022 – Veransa Group, Inc, a zero-waste leader in transforming green & wood waste into beneficial re-use products on an industrial scale through vertical integration of waste collection/recycling centers with organic products manufacturing facilities, announced the acquisition of MW Horticulture (“MW”) as it continues a period of significant growth.
The deal, which formally closed on October 19, 2022, includes MW’s green and wood waste collections, recycling, and organics production facility in Fort Myers, FL with an option to acquire MW Horticulture’s LaBelle, FL facility. The acquisition integrates MW’s extensive range of specialized organic blended-soil products into Veransa’s product portfolio and extends Veransa’s geographic reach into the rapidly growing South Florida market.
The Fort Myers facility will be modernized under Veransa’s management and strict safety and operational procedures and fall under a new South Florida division of the Veransa Group, led by the General Manager of Veransa South Florida. The acquisition will extend Veransa’s processes for ensuring the safest and most efficient high-volume processing of yard & wood waste, and production of high-quality organic products.
“We are excited to integrate MW into the Veransa Group. The acquisition advances Veransa’s strategic priority to expand its footprint and reinforces future growth. It allows us to expand further into the rapidly growing South Florida market, while supporting our commitment to producing superior quality organic products, such as our soil-regenerating organic compost, with a zero-waste approach to production, and an unwavering pledge to sustainability”, said CEO Marc Owensby.
“By acquiring MW, Veransa will increase its organic soil-products portfolio to incorporate more specialized blends, including several agricultural and nursery mixes, which we can produce in bulk. Veransa is already the largest recycler of yard and wood waste in Central and SW Florida with five facilities in Southwest Florida. This acquisition will only increase our share of green and wood waste intake, while maintaining our standing as the largest manufacturer of superior quality organic compost, mulches and soils in the area”, said COO, Kevin Dunlap.
Veransa (www.veransa.com) is a zero-waste leader in transforming urban wood and yard waste into valuable beneficial re-use products on an industrial scale. Veransa vertically integrates green and wood waste collection and recycling centers with organic products 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 beneficial re-use products, including superior-quality, soil-regenerating, organic compost that is OMRI Listed®, STA approved, and free of biosolids, manure or food waste. The company is unique in producing superior quality certified organic compost on an industrial scale in Southwest and Central Florida. Its organic compost is the main ingredient in all of Veransa’s blended soil products. Veransa also processes wood waste into feedstock for mulch and renewable energy. Veransa is an Environmental, Social, and Governance (ESG) portfolio company of RFE Investment Partners.
RFE Investment Partners (www.rfeip.com) 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.