Vaughan, April 23, 2018 /CNW/ – GFL Environmental Inc. (“GFL” or the “Company”) announced today it has entered into an agreement to recapitalize GFL Environmental Holdings Inc. with investors led by BC Partners (“BC Partners”), including Ontario Teachers’ Pension Plan (“Ontario Teachers'”) and others. The transaction implies a total GFL enterprise value of approximately $5.125 billion, making GFL one of the largest environmental services companies in North America.
In connection with the transaction, Patrick Dovigi, Founder and CEO, will maintain his role and leadership of GFL, as well as significant ownership in the Company, while the investors will acquire the interests of current partners including funds managed or associated with HPS Investment Partners, Macquarie Infrastructure Partners III and Hawthorn Equity Partners.
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