The Firmament Group, a leading provider of tailored debt and equity capital solutions to small- and medium-sized enterprises (SMEs), announced today that Denali Water Solutions, LLC, a Firmament portfolio company since 2014, acquired NuTerra Southeast Florida Organics, LLC from BCR Environmental.
Headquartered in Fellsmere, FL, NuTerra is a newly constructed modern composting facility with the capacity to handle 75,000 wet tons of biosolids annually. BCR, a Jacksonville, FL-based provider of biosolid and organic waste services, completed the construction of the NuTerra facility in 2017.
Denali's composting operations are performed through its wholly-owned subsidiary, WeCare Denali LLC. The acquisition of NuTerra – coupled with Denali's existing operations in the Northeast, Midwest and West Coast – expands Denali's services to customers across the United States. NuTerra is strategically located between Orlando and Miami near Highway I-95, which allows for easy access to all major population centers throughout Florida's eastern corridor.
Andy McNeill, CEO of Denali, added "We are excited about the opportunities this new facility brings, as it's a good fit with the other compost operations we have around the United States."
Financial terms for the transaction were not disclosed.
About Denali Water Solutions, LLC Denali is a leading environmental services business focused on wastewater residuals management for municipal and industrial wastewater and water treatment facilities. Denali provides recurring collection, hauling, disposal, dewatering, land-application and processing of residuals for their customers pursuant to long-term agreements. Currently, Denali operates in approximately 20 states, with a major presence in California, New York and Texas.
About The Firmament Group Established in 2012, The Firmament Group (www.thefirmamentgroup.com), formerly known as McLarty Capital Partners, provides tailored debt and equity capital solutions to small- and medium-sized enterprises (SMEs). Firmament is a value-added partner to entrepreneurs, management teams and business owners and provides solutions by deploying versatile capital in a user-friendly way. Firmament seeks both senior and junior debt capital opportunities including unitranche, second lien and mezzanine debt, and also provides equity capital structured as either preferred or common equity. Firmament is focused on turning small business into big business.
