Harvest Power, Waste-to-Energy Startup with Big Investors, Buys Coastal Supply
It’s not often that soil and mulch makes the front page of Xconomy. But this is Harvest Power we’re talking about.
The Waltham, MA-based cleantech company, which has operations in Seattle and Vancouver, BC, said today it has acquired Coastal Supply, a Delaware-based soil and mulch manufacturer. Terms of the deal weren’t disclosed. But Harvest CEO Paul Sellew said in a statement that the acquisition will “have an immediate positive impact on our business.”
Harvest Power started in 2008 and specializes in converting organic waste into soil products and renewable fuel. The company is backed by a number of big investors including Kleiner Perkins Caufield & Byers, Waste Management, DAG Ventures, and Generation Investment Management (which was co-founded by Al Gore). It has raised more than $75 million to date.
Coastal Supply’s big customers include Lowe’s and Home Depot. Joe Kollock and Steve Liffers will stay on as co-presidents of Coastal Supply, which is being renamed Harvest Garden Pro.