GFL Environmental reorganizes, Roark Capital Group cashes out
GFL Environmental Inc has completed a reorganization of its share capital that values the business at $950 million. As result of the reorganization, GFL founder Patrick Dovigi has increased his investment, while Canadian private equity firm Hawthorn Equity Partners retains it stake. A new investor, Highbridge Principal Strategies, has also taken a non-controlling equity interest and committed $50 million in growth capital. U.S. private equity firm Roark Capital Group, which has backed GFL since 2010, has sold its entire investment. Based in Vaughan, Ontario, GFL provides solid waste, soil remediation and liquid waste services. In January, the company bought The Garbage Company Inc.
17 November 2014•3 mins read
