A major infrastructure company, with offices in South Dundas, has seen a major shareholder sell a stake in the company. Article content

Green Infrastructure Partners (GIP), which bought Coco Paving (formerly Cruickshank Construction) in 2022, entered into an agreement with Energy Capital Partners on Aug. 7 to recapitalize the company. Article content

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GFL Environmental, which also has operations in South Dundas via its former Third High Farms biosolids division in Iroquois , reduced its stake in GIP to 30 per cent with the recapitalization. GFL will see about $200 million from the proceeds of the recapitalization.

“This transaction allows GFL to monetize part of our position in GIP in a tax-efficient manner, while still retaining a meaningful eq

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