Resource Environmental Solutions receives investment from KKR
Written By: Stratton Report
June 27, 2016
On June 27, Resource Environmental Solutions, LLC announced that KKR is making a significant investment in RES to support its next phase of growth and development.
KKR is making the investment from its eleventh Americas Private Equity investment fund.
According to the company, its services include permitting restored wetlands, streams, and species habitats to preserve land, enhance water quality, and protecting wildlife. It has several hundred clients across numerous industries, including electric transmission & distribution and renewable energy.
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.”
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.”
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.”