CPPIB invests $280 mln in Highstar-backed Advanced Disposal
Canada Pension Plan Investment Board (CPPIB) has made a US$280 million investment in convertible preferred equity securities of the parent company of Advanced Disposal Services Inc. Based in Ponte Vedra, Florida, Advanced Disposal is the fourth-largest solid waste business in the United States, providing collection, transfer, disposal and recycling services in 16 states and the Bahamas. CPPIB said the company's organic growth may in future be supplemented by acquisitions. Founded in 2001, Advanced Disposal is majority-owned by U.S. infrastructure investment firm Highstar Capital. Highstar first invested in September 2007.
3 August 2016•2 mins read
