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GFL Environmental Inc. Announces Agreement to Recapitalize Green Infrastructure Partners at an Enterprise Value of $4.25 Billion with Investment from Energy Capital Partners
GFL Environmental Inc. Announces Agreement to Recapitalize Green Infrastructure Partners at an En...
About this update from Gfl Environmental Inc
[{"type":"text","content":"\n\n\n\n GFL Environmental Inc. Announces Agreement to Recapitalize Green Infrastructure Partners at an Enterprise Value of $4.25 Billion with Investment from Energy Capital Partners\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VAUGHAN, ON\n \n and\n \n SUMMIT, N.J.\n \n\n ,\n \n\n Aug. 7, 2025\n \n\n /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (\"GFL\" or the \"Company\") today announced that Green Infrastructure Partners (\"GIP\") has entered into a definitive agreement with funds managed by Energy Capital Partners, LLC (\"ECP\") to recapitalize its business at an enterprise value of\n \n $4.25 billion\n \n . GIP is a leading vertically integrated infrastructure company established in 2022 by GFL, funds managed by HPS Investment Partners Inc. (\"HPS Investment Partners\" or \"HPS\") and\n \n Patrick Dovigi\n \n .\n \n\n\n\n\n\n\n\n\n On the closing of the transaction, GIP will receive aggregate gross proceeds of\n \n $775.0 million\n \n , of which it intends to return approximately\n \n $585.0 million\n \n to its shareholders and apply\n \n $175.0 million\n \n to its balance sheet to fund future growth. GFL will receive approximately\n \n $200.0 million\n \n of the\n \n $585.0 million\n \n shareholder distribution. Pro forma for the transaction, GIP's total equity value will be approximately\n \n $3.0 billion\n \n . After the distribution to GFL of approximately\n \n $200.0 million\n \n , GFL will own an approximate 30.1% interest in GIP valued at approximately\n \n $895.0 million\n \n . HPS and Mr. Dovigi  will each also continue to hold a minority stake in GIP and support the company's future growth. The transaction is expected to close on or about\n \n September 2, 2025\n \n .\n \n\n \"The recapitalization of GIP at an enterprise value of\n \n $4.25 billion\n \n is a testament to the quality of the business its management team has built since we started GIP in\n \n April 2022\n \n ,\" said\n \n Patrick Dovigi\n \n , Founder and Chief Executive Officer of GFL. \"Th...