RenX Enterprises Secures Second Land Clearing Purchase Order Since Division Launch; Resource Group to Clear, Grind, and Haul 6.5 Acres in Sarasota
Key Highlights
- ➤6.5-acre Sarasota clearing order is Resource Group’s second since July division launch
- ➤Central Site Development becomes RenX’s first customer for the new land clearing division
- ➤RenX will earn fees for mobilization, clearing, grinding, and transportation
- ➤Recovered material is expected to supply low-cost feedstock for RenX’s Myakka City platform
Expert Statements
David Villarreal, Chief Executive Officer of RenX Enterprises
“Two purchase orders in roughly two months, from two different site development contractors working the Sarasota market, we believe, tell us this service is landing with the customers we built it for.”
David Villarreal, Chief Executive Officer of RenX Enterprises
“Land clearing pays us on both sides of the transaction.”
David Villarreal, Chief Executive Officer of RenX Enterprises
“We are paid to clear, grind, and haul, and we expect that same material to arrive at Myakka City as low-cost feedstock that is processed at the platform resulting in substrate that we can sell.”
David Villarreal, Chief Executive Officer of RenX Enterprises
“Every site development contractor in Manatee and Sarasota counties has cleared material that needs to go somewhere, and we intend to be the call they make when they want it to go somewhere other than a landfill.”
MIAMI, FL / ACCESS Newswire / October 12, 2026 / RenX Enterprises Corp. (NASDAQ:RENX) ("RenX" or the "Company") today announced that its operating subsidiary, Resource Group US LLC ("Resource Group"), has entered into a subcontract agreement with Central Site Development, LLC, a Brandon, Florida based site development contractor, to clear and grub a 6.5 acre site on University Parkway in Sarasota, Florida. The agreement is the second purchase order secured by the Company's land clearing division since the division's launch in July 2026, and the first from Central Site Development.
Under the purchase order, the Company is to be paid for mobilization, clearing and grubbing, grinding, and transportation. Separately, the Company expects the material it hauls away to provide low-cost processing feedstock for its Myakka City platform. The division's first purchase order, from Frederick Derr & Company for a residential community development in the Lakewood Ranch area of Manatee County, was announced with the Company's second quarter 2026 results in August and was completed in the third quarter of 2026.
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