Funding Roundup: Rosewood, Caruth Capital Make Investments & Equity Raise Focused on Preserving Wetlands

Take a look at recent funding annoucements with Dallas ties.

funding

ROSEWOOD PRIVATE INVESTMENTS’ INW STRIKES AGAIN WITH ANOTHER INVESTMENT

Dallas-based Rosewood Private Investments, through its holding company Nutrition & Wellness Holdings, has thrown in its lot with ProTec Laboratory, buying a majority stake in the Quitman, Texas contract manufacturer.

ProTech provides contract manufacturing services to the dietary supplements, sports nutrition, functional foods, and pet-care industries. According to ProTec founders Sara and Sail Ricks, the investment, the amount of which was undisclosed, means a 100,000-square-foot expansion.

The ProTec investment is the third for INW. In July, INW acquired Irving-based contract manufacturer, Healthy Natural Inc., from Rice-Bran Technologies. INW also has ownership in Carrollton’s United I International Laboratories.

“With Rosewood’s support we have been able to invest heavily in this category, beginning with United I,” said INW Holdings CEO Paul Richardson in a release. “The recent integration of Healthy Natural has created meaningful value for us and more importantly, for our customers. By bringing ProTec into the fold, we’ve created a significant platform of scale with enormous potential.”

$250 EQUITY RAISE DEDICATED TO WETLANDS PRESERVATION

Ecological Service Partners LLC has secured $250 million in equity from its unnamed financial partners.

The capital will help ESP, which has offices in Dallas and Washington D.C., work with partners on wetlands and stream restoration, according to ESP.

ESP, a third-party environmental mitigation service, is also on the lookout for land and/or interests in land that can provide significant restoration yields following successful entitlement and ecological restoration and/or enhancement. The company launched in 2016 with the intent of working with service providers or land owners with an interest in establishing wetland/stream restoration activities, as well as customers with a need for experienced wetlands/stream restorations service providers.

The new equity will fund ESP’s activities in large-scale ecological restoration of damaged wetlands, streams, and habitats for endangered species. It also works to heighten water quality as an offset to nutrient impacts, according to a release. The end result is growth for clients, as well as environmental preservation.

CARUTH CAPITAL INVESTS IN HAZARDOUS WASTE DISPOSAL

Dallas private equity firm Caruth Capital Partners has invested growth capital in SECUR LLC, a company that provides packaging and services to dispose of radioactive and industrial wastes.

Located near Pittsburgh, Pennsylvania, SECUR offers logistics, asset-based packaging, and technical disposal services to industry and government involved with environmental remediation, decommissioning, and other related activities.

For Caruth Capital, the investment means a foot in the door of a high-barriers-to-entry industry.

Caruth co-founder and partner Ben DeTar Wilhite said in a release that logistics, transportation, and disposal of waste is “an industry poised for outsized growth in the coming years.”

Tim Wegener, another Caruth co-founder and partner, said they also were attracted by SECUR’s management team.

Jennifer and John Evanko, longtime innovators in the radioactive and hazardous waste industries, launched SECUR. Prior to founding that company, they built up MHF Logistical Solutions Inc, a company using rail and intermodal transportation for waste materials, to an exit in 2006.

“We believe we are investing in the best management team in the industry,” Wegener said in the release. “Jennifer and John have an unmatched track record, demonstrated at MHF Logistical Solutions that they grew to become the largest supplier in the industry before successfully exiting.”

MONARCHFX FUNDING TO BRING RAPID DEPLOYMENT CENTER TO DALLAS

MonarchFx is ready to launch its first five Rapid Deployment Centers, thanks to receiving funding from an undisclosed source.

The five RDMCs, which will open in time for the 2018 end-of-year holiday season, are planned for Dallas, Atlanta, California, New Jersey, and Chicago.

MonarchFx, a division of Tompkins International, is attempting to lower costs, while increasing speed of delivery beyond what a retailer is able to do independently, according to the company.

Though specific locations for the logistics facilities were not specified, MonarchFx indicated that it would be located within, and operated by, logistics server provider companies. MonarchFx’s plan is to contract with retailers, and work with service and technology partners, to provide delivery service for e-commerce orders, as well as providing service to retailers with customers that buy online, and pick up in stores.

The RDMCs’ competitive advantage lies in Tompkins’ robotics, and its Warehouse Execution System. These systems will, in turn, be integrated with the MonarchFx warehouse management and distributed order management systems.

“Our five years of work, five patents, and six partnerships have brought us to a position of leveraging the network effect, deploying huge economies of scale, proprietary robotic, and software technology,” said Tompkins International CEO Jim Tompkins in a release.

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