PE-backed GFL Environmental to buy Deep Foundations
GFL Environmental Inc has agreed to acquire the parent of Deep Foundations Contractors Inc and affiliates, a Stouffville, Ontario-based specialist in project foundation piling and shoring. No financial terms were disclosed for the deal, which is expected to close in the second quarter. GFL, a Toronto-based environmental services business, said the buy will help grow the Canadian footprint of its infrastructure and soil remediation unit. The company, backed by HPS Investment Partners, Macquarie Group and Hawthorn Equity Partners, is reportedly planning the launch of a $1-billion initial public offering in 2018.
9 February 2018•2 mins read
