Novacap to sell Enviro-Viridis to PE-backed GFL Environmental
Canadian private equity firm Novacap and Developpement EDB Inc have agreed to sell Enviro-Viridis Inc, a Laval, Québec-based waste management specialist that offers vertically integrated services. The buyer is GFL Environmental Inc, a Vaughan, Ontario-based environmental services company. No financial terms were disclosed for the deal, which is set to close on March 1st. Novacap has backed Enviro-Viridis since 2009, helping it to complete "numerous" add-on acquisitions. GFL, which last week closed its buy of Matrec Services Inc, said the new deal will diversify its Québec service offerings and facilitate further growth. GLF is backed by Highbridge Principal Strategies and other investors.
11 February 2016•3 mins read
