ReCommunity Holdings, LP (FCR, Inc.)

Status: Past
Initial Investment: March 2011
Location: Charlotte, NC
Investment Type: MBO/Corporate Carve-Out
Investment Industry: Environmental

Harvey & Company initiated the divestiture of select recycling assets of FCR, Inc., a wholly owned subsidiary of Casella Waste Systems (NASDAQ:CWST), to form ReCommunity Holdings, LP (ReCommunity). Leveraging the assets and intellectual property purchased from Casella, ReCommunity intends to build a market-dominant company that dramatically reduces the volume of land-filled waste through conversion into useful products such as recycled commodities, low-carbon energy, engineered feedstock, bio-fuels, and other value-added recycled products. After its formation, ReCommunity was led by the former SVP and Director of Casella Waste Systems. Harvey & Company initiated the partnership between the executive and one of Harvey & Company’s private equity partners to pursue the divestiture of the division.

 

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