Status: Current Initial Investment: 2011 Type of Investment: MBO/Corporate Divestiture
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. The new platform will be led by Mr. James Bohlig, former SVP and Director of Casella Waste Systems. Harvey & Company initiated the partnership between Mr. Bohlig and one of Harvey & Company’s private equity partners to pursue the divestiture of the division. www.recommunity.com
