KKR Makes Significant Investment in RES

 KKR Makes Significant Investment in RES
27.06.2016 12:15 pm

KKR Makes Significant Investment in RES


Resource Environmental Solutions (“RES”), a leader in the ecological solutions market, announced that global investment firm KKR is making a significant investment in RES to support its next phase of growth and development.

RES is the largest and fastest growing dedicated provider of ecological solutions in the United States. The company’s environmental conservation and restoration activities include permitting restored wetlands, streams, and species habitats to preserve land, enhance water quality, and protect wildlife for future generations. RES seeks to provide commercial solutions that help clients manage risk from operations in environmentally sensitive areas. RES delivers a fully integrated suite of ecological services to its clients, providing proactive impact analyses for development projects, helping to streamline the regulatory permitting process, executing and delivering value-added conservation and restoration activities, and limiting liability and regulatory exposure when impacts cannot be avoided. RES’ overarching aim is to deliver client focused solutions that facilitate investment and sustainable economic development, while maintaining environmental stewardship.

Elliott Bouillion, RES President and CEO, commented: “Nine years ago, RES was founded in Louisiana, home to some of the nation's most fragile and valuable wetlands, to supply wetland restoration solutions. Today, as responsible stewards of land and water, we are delivering a full suite of ecological restoration solutions along the Gulf Coast, across Appalachia, the Mid-Atlantic and in the Southeastern U.S., and most recently in the Midwest. After working with KKR for approximately 18 months, we ultimately concluded that KKR’s resources, expertise, and commitment to our mission make them an ideal partner for our next phase of growth. Our partnership with KKR allows us to complete our nationwide delivery model and evolve into a global supplier of ecological solutions.”

Since the company’s founding in 2007, several hundred companies across numerous industries, including electric transmission and distribution, renewable energy, commercial developers, industrial plants, auto manufacturing, mining, oil & gas, petrochemicals, and local, state and federal governments, have worked with RES to facilitate their largest, most complex development projects. During that time, RES restored and conserved 155 miles of streams and over 40,000 acres of wetlands in environmentally sensitive habitats. In addition, this month, the company announced the completion of its most recent planting season and a significant milestone, with the planting of its ten millionth restorative tree.

Robert Antablin, Head of KKR’s Americas Energy Private Equity team, added, “RES offers critical client-focused solutions that simultaneously facilitate economic development and environmental stewardship. We have developed a wonderful relationship with Elliott and the management team of RES over the past year and a half, and we look forward to backing RES in its next phase of growth.”

KKR is making the investment from its eleventh Americas Private Equity investment fund. RES will participate in KKR's Green Solutions Platform, which supports environmental initiatives at KKR portfolio companies across three areas: eco-efficiency, eco-innovation, and/or eco-solutions.

Ken Mehlman, Member of KKR who will also be joining the Board of Directors of RES upon close, stated: "This investment builds on our efforts to create value by improving environmental impacts at KKR portfolio companies and also by investing more than $5 billion in companies whose missions are to improve the environment, build human capital, promote health and solve societal problems."

Financial details for the transaction were not disclosed.


Related News

Refinitiv makes strategic investment in ModuleQ and its intelligent app

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, has invested in and entered a strategic partnership agreement with ModuleQ, a... Read more »

finleap invests in digital ID company "The Ego Company”

finleap, Europe's leading fintech ecosystem, welcomes a new company to its portfolio: The Ego Company, with the ID App and platform myEGO2GO, becomes part of the finleap family... Read more »

Penta raises financing round at 18.5 Mio. Euro in first closing and wins new investors

Penta, the digital platform for business banking, raised 18.5 million Euro in the first closing of a new funding round backed by new and current investors. 

Read more »

Goldbell Financial Services selects Mambu to power GEN investment platform

Goldbell Financial Services, one of Singapore’s leading business finance providers, has confirmed it will partner with Mambu, the market-leading pure SaaS banking platform, to... Read more »

ING invests in London-based provider of natural language processing (NLP) technology Eigen Technologies (‘Eigen’)

ING’s reputation for adopting cutting edge technologies was enhanced today with the announcement that it would make an investment in London-based provider of natural language... Read more »

Assetz Capital secures £15m British Business Investments funding to help boost UK housebuilding

Assetz Capital has become the first property-focused marketplace platform to receive funding from British Business Investments (BBI), a commercial subsidiary of the British... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel