BC Partners and OTPP-backed GFL buys Alpine's solid waste unit
GFL Environmental Inc, a Toronto-based waste management company, has acquired the Vancouver Island solid waste operations of Evergreen Industries Ltd, an affiliate of Victoria-based Alpine Group. No financial terms were disclosed. Alpine's operations on Vancouver Island include solid waste and recycling collection and hauling, storage container rentals, as well as recyclable materials drop-off and sorting centres in Victoria and Nanaimo. GFL was recapitalized last year by an investor group led by BC Partners, Ontario Teachers’ Pension Plan (OTPP) and others in a $5.1 billion deal. In July, the company filed for an initial public offering in Canada and the United States.
6 August 2019•2 mins read
