Energy Capital Partners to invest CAD775m in Green Infrastructure Partners.

Energy Capital Partners, a US-based energy and infrastructure investment firm, agreed to invest CAD775m in Green Infrastructure Partners, a Canada-based vertically integrated infrastructure company. "The recapitalization of GIP at an enterprise value of CAD4.25bn is a testament to the quality of the business its management team has built since we started GIP in April 2022. The approximately CAD200m in proceeds that GFL will receive from the transaction will be used for general corporate purposes, including de-levering our balance sheet, executing on our organic and inorganic growth strategies, including our robust M&A pipeline, and pursuing opportunistic share buybacks, subject to market conditions. This transaction allows GFL to monetize part of our position in GIP in a tax efficient manner, while still retaining a meaningful equity interest that will allow us to participate in what we expect to be continued value creation from the GIP business," Patrick Dovigi, GFL Founder and Chief Executive Officer.