Organic waste that is landfilled releases methane, a harmful greenhouse gas. Living Earth collects organic waste that would ordinarily go to landfills and processes it into mulch or soil, which it sells to landscapers, nurseries, retailers and homeowners. “We believe there are attractive opportunities to expand Living Earth’s reach given their approach to reducing landfill waste and doing so in a more energy and resource efficient way.Īs a leading member of the Planet Fitness system, Impact Fitness has a deep and authentic commitment to promoting wellness in underserved communities, and we can help improve access to health meaningfully.” Living Earth Reduces Landfill Wasteįounded in 1985 in Houston, Texas and headquartered in Dallas, Living Earth is the largest recycler of green material in Texas. “We are pleased to have completed our first two investments and look forward to employing our resources and operational capabilities to help these innovative companies and their management teams achieve greater scale while maximizing their mission potential,” said Deval Patrick, Managing Director at Bain Capital Double Impact. Financial terms of the private investments were not disclosed. Impact Fitness is a leading Planet Fitness franchisee pursuing a mission-driven approach to promoting healthy lifestyles in underserved communities. Living Earth is the largest commercial recycler of organic landscaping materials in Texas, diverting waste from landfills that would otherwise release harmful greenhouse gasses. Bain Capital Double Impact Announces First Two InvestmentsīOSTON, MA, July 7th, 2017 – Bain Capital Double Impact, the impact investing strategy of Bain Capital, today announced the completion of its first two investments in mission-driven companies, Living Earth and Impact Fitness.
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