KKR, Onex Announce Investment in Ecological Restoration Firm RES
A Brief Summary
Resource Environmental Solutions, an ecological restoration company, announced that it bagged a major investment from top private equity firms Onex and KKR. Onex becomes a new investment in RES, while KKR returns as an existing investor.
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RES' objective is to rebuild a resilient planet for a modern world. The firm provides solutions for environmental mitigation, stormwater, water quality, and climate and floods resilience to both the public and private sectors. Based on the science-led design, comprehensive delivery, long-term management, and assured performance, RES achieves long-term ecological uplift on its sites.
Robert Antablin and Ken Mehlman, Co-Heads of KKR Global Impact, said: “We are thrilled to continue our relationship with RES and support them, alongside Onex Partners, on their mission to help communities navigate the impacts of climate change. While we have made great progress since KKR’s initial investment in helping to establish RES as an industry leader while growing the company’s operations, capabilities and team, we are looking forward to even more growth ahead.”
Amir Motamedi, Managing Director, Onex Partners, added: “RES is the nation’s leading provider of nature-based solutions and green infrastructure thanks to the contributions of every team member at the company. With its strong culture and can-do spirit, we’re confident RES will continue its growth trajectory both organically and through acquisitions. We are delighted to be partnered with Darrell, the entire RES team and KKR during this next chapter.”
Darrell Whitley, RES President and CEO, said: “We could not be more excited to have these two firms backing us. In our first 14 years, we’ve proven that ecological restoration can be trusted to improve and preserve the environment in balance with human progress. Today, RES is the environmental employer of choice. With the backing of Onex Partners and KKR, we will continue to invest in talent and capabilities, and grow into new markets and new communities. Our access to additional investment capital will also help us to continue with product line expansion into coastal resiliency, large scale water quality projects, new mitigation banks, and carbon solutions.”