Veridis Environment Bundle
Who Owns Veridis Environment Company?
The ownership structure of a company is key to understanding its direction and accountability. Veridis Environment Ltd., an Israeli environmental infrastructure firm, went public on the Tel Aviv Stock Exchange (TASE: VRDS) in June 2021. This move from private to public ownership significantly altered its market engagement and capital access.
Founded in 1993, Veridis Environment, originally part of Veolia International, has grown into a leader in Israel's environmental sector. It specializes in waste management, water treatment, and energy projects, contributing to sustainable resource management.
Veridis Environment's journey from its founding as a Veolia subsidiary to its current public status involves various private equity stakeholders. Understanding these ownership shifts is crucial for grasping the company's governance and strategic path. For a deeper dive into its market positioning, consider a Veridis Environment PESTEL Analysis.
In 2025, Veridis Environment reported revenue (TTM) of $0.72 billion USD and earnings (TTM) of $44.51 million USD. Key investors include Delek Automotive Systems and Israel Infrastructure Fund, shaping its operational and strategic decisions.
Who Founded Veridis Environment?
Veridis Environment Ltd. was established in 1993, initially as a subsidiary of Veolia International, a global leader in environmental services. This corporate foundation suggests a structured beginning rather than a typical startup. Uri Starkmann is recognized as a co-founder alongside Veolia, marking a dual origin for the company.
| Founding Year | Initial Parent Company | Co-Founder |
|---|---|---|
| 1993 | Veolia International | Uri Starkmann |
Corporate Establishment
Veridis Environment began its operations in 1993 as 'Veolia Israel', a direct arm of Veolia International. This indicates its initial ownership structure was deeply integrated within a large, established corporation.
Key Founding Figures
Uri Starkmann is identified as a co-founder of the company in 1993. His involvement alongside Veolia shaped the company's early direction and operational framework.
Early Ownership Structure
While specific equity details from inception are not public, Veolia International's role as the parent company implies significant initial control and ownership resided with the global entity.
Operational Focus
During its initial 22 years as 'Veolia Israel', the company concentrated on developing essential environmental infrastructure within Israel. This period leveraged Veolia's extensive global expertise and resources.
Absence of Early External Investors
There is no public record of early angel investors or significant stake acquisitions by friends and family during the company's formative years as a subsidiary.
Founding Vision
The vision of the founding team, comprising Veolia International and Uri Starkmann, was to pioneer and advance environmental services and infrastructure in Israel.
The early operational phase of Veridis Environment, then known as 'Veolia Israel', was characterized by its role as a subsidiary of Veolia International. This corporate structure meant that initial ownership and strategic direction were heavily influenced by its parent company. The company's focus during this period was on establishing foundational environmental services and infrastructure within Israel, drawing upon the vast international experience and capital of Veolia. There is no public information available regarding early angel investors or a friends and family round, which is typical for a subsidiary established in this manner. Any internal agreements, such as vesting schedules or buy-sell clauses, would have been governed by Veolia's corporate policies. The overarching mission, driven by both Veolia International and co-founder Uri Starkmann, was to lead in the development and promotion of environmental solutions in the Israeli market. Understanding this early corporate structure is key to grasping the Target Market of Veridis Environment and its subsequent evolution.
Founders and Early Ownership Details
Veridis Environment's inception in 1993 was as a subsidiary of Veolia International, with Uri Starkmann as a co-founder. This corporate origin suggests that initial ownership was primarily vested in Veolia International.
- Established in 1993 as 'Veolia Israel'.
- Co-founded by Uri Starkmann and Veolia International.
- Operated as a subsidiary for 22 years.
- Focused on building environmental infrastructure in Israel.
- No public record of early external investors.
- Early agreements subject to Veolia's corporate policies.
Veridis Environment SWOT Analysis
- Complete SWOT Breakdown
- Fully Customizable
- Editable in Excel & Word
- Professional Formatting
- Investor-Ready Format
How Has Veridis Environment’s Ownership Changed Over Time?
The ownership of Veridis Environment has seen significant shifts, moving from a corporate subsidiary to private equity and then to public trading. Key acquisitions and divestitures have reshaped its stakeholder landscape over the years.
| Event | Acquiring Entity | Acquisition Date | Acquisition Value |
|---|---|---|---|
| Acquisition from Veolia Israel | Oaktree Capital Management | April 2015 | $450 million |
| Acquisition of 70% stake | Delek Automotive Systems Ltd. (DAS) | July 2018 | ILS 922 million ($252 million) |
| IPO on Tel Aviv Stock Exchange | Publicly Traded (TASE: VRDS) | June 2021 | NIS 177 million raised |
Veridis Environment's journey from its inception as Veolia Israel to its current status as a publicly traded entity has been marked by strategic ownership changes. Initially operating under Veolia for 22 years, the company transitioned to private equity ownership when Oaktree Capital Management acquired it in April 2015 for $450 million. This was followed by a significant shift in July 2018 when Delek Automotive Systems Ltd. (DAS) purchased a 70% stake for ILS 922 million, with Harel Insurance Investments and Financial Services acquiring an additional 10%. The Israel Infrastructure Fund (IIF) also held a notable stake during this period.
Veridis Environment Ownership Structure
Veridis Environment became a publicly traded company in June 2021, altering its shareholder composition. Following the IPO, Delek Automotive Systems retained its controlling interest.
- Delek Automotive Systems Ltd. is the controlling shareholder, holding 50.4% on a fully diluted basis post-IPO.
- Israel Infrastructure Fund (IIF) holds 14.4% on a fully diluted basis after selling shares in the IPO.
- As of May 28, 2024, 'Interested Parties Holdings' represent 70.02% of the company's ownership on the TASE.
- 'Institutional Investors' Holdings' account for 22.26%, with key investors including Phoenix Provident Fund Ltd. (4.091%).
- The company's recent acquisition of Infinya Ltd. for ILS 2.37 billion in February 2024 highlights its strategic growth initiatives under its current ownership. Understanding this ownership evolution is crucial for grasping the company's strategic direction, as detailed in the Marketing Strategy of Veridis Environment.
Veridis Environment PESTLE Analysis
- Covers All 6 PESTLE Categories
- No Research Needed – Save Hours of Work
- Built by Experts, Trusted by Consultants
- Instant Download, Ready to Use
- 100% Editable, Fully Customizable
Who Sits on Veridis Environment’s Board?
The board of directors for Veridis Environment Ltd. is instrumental in guiding the company's strategic direction, a reflection of its concentrated ownership. As of May 28, 2024, the board includes Gil Agmon as Chair, Ilan Ben Simon as CEO, and Benny Bar On as CFO. They are joined by Outside Directors Ofer Zellermayer and Rachel Lavine, and Ordinary Directors Avinoam Finkelman, Asaf Bartfeld, Yaron Kastenbaum, and Ronit Bahar.
| Board Member | Role |
|---|---|
| Gil Agmon | Chair of the Board of Directors |
| Ilan Ben Simon | CEO |
| Benny Bar On | CFO |
| Ofer Zellermayer | Outside Director |
| Rachel Lavine | Outside Director |
| Avinoam Finkelman | Ordinary Director |
| Asaf Bartfeld | Ordinary Director |
| Yaron Kastenbaum | Ordinary Director |
| Ronit Bahar | Ordinary Director |
The voting power within Veridis Environment Ltd. is significantly influenced by its ownership structure. With 'Interested Parties Holdings' at 70.02% as of May 28, 2024, on the TASE, controlling shareholders, notably Delek Automotive Systems holding 50.4% on a fully diluted basis, wield substantial influence over key corporate decisions. This concentration of ownership suggests a stable governance environment, reducing the potential for external challenges to the company's strategic initiatives. The presence of independent directors, including those on the audit committee, is intended to ensure robust corporate governance and safeguard the interests of all Veridis Environment stakeholders.
Understanding Veridis Environment's Corporate Structure
The corporate governance of Veridis Environment is shaped by its ownership and leadership. Understanding who owns Veridis Environment and its management structure is key to grasping its operational and strategic direction.
- Delek Automotive Systems is a major shareholder.
- The board composition reflects concentrated ownership.
- Independent directors provide oversight.
- The company's voting power is largely controlled by a few key entities.
- For more on the company's journey, see the Brief History of Veridis Environment.
Veridis Environment Business Model Canvas
- Complete 9-Block Business Model Canvas
- Effortlessly Communicate Your Business Strategy
- Investor-Ready BMC Format
- 100% Editable and Customizable
- Clear and Structured Layout
What Recent Changes Have Shaped Veridis Environment’s Ownership Landscape?
In recent years, Veridis Environment has undergone significant strategic shifts, notably expanding its operations through a major acquisition. These developments have reshaped its ownership landscape and operational focus, particularly within the recycling and packaging sectors.
| Financial Year | Revenue (USD) | Earnings (USD) |
| 2023 | $0.68 billion | $17.15 million |
| 2024 | $0.73 billion | $42.74 million |
| 2025 (TTM) | $0.72 billion | $44.51 million |
The company's ownership structure is influenced by its public trading status on the TASE and its strategic investments. While specific majority shareholders are not detailed, the company's leadership, including CEO Ilan Ben Simon and CFO Benny Bar On, holds modest personal stakes as of June 2025, indicating a distributed ownership model among its management team.
Strategic Acquisition and Expansion
In February 2024, Veridis Environment, in partnership with Israel Infrastructure Fund, acquired a majority stake in Infinya Ltd. This move significantly broadened the company's involvement in recycling, cardboard paper production, and packaging, reinforcing its circular economy initiatives.
Financial Performance Trends
The company has shown a positive trend in profitability, with trailing twelve-month earnings increasing from $17.15 million USD in 2023 to $44.51 million USD in 2025. Revenue has remained relatively stable, hovering around $0.72-$0.73 billion USD during the same period.
Infrastructure Project Involvement
Veridis Environment is indirectly involved in significant energy infrastructure development. Through its 20% stake in OPC Holdings Israel Ltd., the company is participating in the construction of a natural gas-powered power station in Hadera, a project estimated to cost NIS 4.5-5 billion.
Future Ownership Outlook
The company's trajectory is expected to be influenced by broader market trends, including increased institutional investment in public entities and a growing emphasis on sustainable infrastructure. These factors will likely shape Veridis Environment's future ownership and strategic direction, as detailed in discussions on the Growth Strategy of Veridis Environment.
Veridis Environment Porter's Five Forces Analysis
- Covers All 5 Competitive Forces in Detail
- Structured for Consultants, Students, and Founders
- 100% Editable in Microsoft Word & Excel
- Instant Digital Download – Use Immediately
- Compatible with Mac & PC – Fully Unlocked
- What is Brief History of Veridis Environment Company?
- What is Competitive Landscape of Veridis Environment Company?
- What is Growth Strategy and Future Prospects of Veridis Environment Company?
- How Does Veridis Environment Company Work?
- What is Sales and Marketing Strategy of Veridis Environment Company?
- What are Mission Vision & Core Values of Veridis Environment Company?
- What is Customer Demographics and Target Market of Veridis Environment Company?
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.