Lower middle-market investment firms Trailcreek Capital Group and Plexus Capital announce an investment in Natural Upcycling in partnership with Noblehurst Green Energy and Harry Cohen. Financial terms of the transaction were not disclosed. Founded in 2014 and headquartered in Rochester, New York, Natural Upcycling is a leading provider of food and organics recycling services throughout the Northeast and Mid-Atlantic geographies. Leading Natural Upcycling is Co-Founder and CEO Harry Cohen, a veteran in the environmental services industry, and Co-Founder and CFO Chris Noble, a veteran in the food waste recycling and dairy farming industries.
Co-Founder and CEO of Natural Upcycling, Harry Cohen, remarked, “I am very pleased to announce the investment by Trailcreek and Plexus alongside Noblehurst and myself. We have an opportunity to advance the Company’s scale and capabilities to better service our customers and industry partners. The collective experience of our management team and investment group provides an excellent foundation for the future.”
Co-Founder and CFO of Natural Upcycling, Chris Noble, further added, “Trailcreek and Plexus are aligned with our view that the food waste recycling industry has reached a critical development stage – requiring professional management and investment capital in order to scale the solutions needed to service the entire food supply chain. Not only are we recycling a valuable resource, but when collected at scale, this food waste can also be used to catalyze successful renewable energy projects, such as the one owned by our partner Noblehurst Green Energy.”
Andrew Pozatek, Managing Principal of Trailcreek, stated, “We are thrilled to partner with Harry Cohen, Chris Noble and the rest of the management team to build the leading platform in the food and organics recycling sector. Harry and Chris have been scaling the company into an industry leader for almost a decade and bring a caliber, mindset and entrepreneurial rigor to an industry undergoing rapid transformation and growth. Furthermore, we are highly motivated to help customers reduce greenhouse gas emissions from food waste.”