Denali Water Solutions, LLC, the specialty waste and environmental services company, announces that it has signed a definitive agreement to acquire Organix Recycling, LLC, the largest pre-consumer food waste collector and recycler in the United States. Organix provides end-to-end food waste management solutions through which collected food waste is matched with sustainable back-end recycling alternatives, such as nutritional livestock feed, nutrient-rich compost, and green energy products like biogas. The financial terms of the transaction were not disclosed.
鈥淥ur purpose is to make the world a better place by handling waste responsibly. Bringing the Organix team on board at Denali supports our goal to expand and diversify our offering with the leading sustainable waste management services in every vertical across the United States,鈥� said Andy McNeill, CEO of Denali Water Solutions. 鈥淟ike Organix, we鈥檝e built a culture centered on growth, development, and sustainability and we look forward to welcoming the Organix team to the Denali family.鈥�
鈥淲e are excited to join Denali Water Solutions to create the largest sustainability-focused organic residuals management company in the United States,鈥� said Aren LeeKong, Executive Chairman of Organix Recycling, LLC. 鈥淔or over a decade, the Organix team has been committed to working with our partners to provide sustainable solutions that protect and improve the environment and our communities. Joining forces with Denali is consistent with our values, vision, and goals. This merger will allow us to continue our mission and provide an enhanced offering to new and existing customers. We are excited for the future.鈥�
Ransom Langford, Partner at TPG, said, 鈥淲e invested behind Andy and the Denali team because they recognized the growing demand for sustainable waste management solutions and shared our conviction that the best way to meet the opportunity was to scale their best-in-class business through a combination of organic growth and strategic acquisitions. Organix is the perfect complement to Denali鈥檚 existing offering and we look forward to working with management to integrate the teams and continue to execute on our long-term growth strategy.鈥�