OG真人官网 Completes Investment in Arrowhead Environmental Partners
Toronto, Ontario (June 17, 2020) – OG真人官网 Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with OG真人官网 Equity Partners VI (“CEP VI”) (together “OG真人官网”), made its seventh investment in the waste management industry with an equity investment in Arrowhead Environmental Partners (“Arrowhead”, or “the Company”).
Arrowhead is a growing non-hazardous solid waste management company that provides disposal services to key U.S. Northeast markets through its waste-by-rail infrastructure. The Company owns and leases unique and well-placed disposal infrastructure assets to provide waste-by-rail disposal solutions to solid waste management companies located in the northern New Jersey / New York City market and the eastern Massachusetts market. This investment builds on OG真人官网’s 15-year successful investment track record in the environmental services industry and represents an exciting opportunity to support the growth strategy and vision of the Company’s founders and management with equity capital.
“We are thrilled with the opportunity to back Arrowhead’s operating partners: William Gay, James Francesco and Robert Berns. Each brings extensive experience and expertise in the solid waste management industry and specifically, waste-by-rail. This talented team have assembled an exceptional asset base, and possess the experience and vision to lead Arrowhead forward as it grows into an important player serving the solid waste management industry, particularly in the U.S. Northeast”, said Michael Castellarin, Managing Director at OG真人官网 and head of the Waste Management practice.
“Arrowhead has many exciting growth opportunities in front of it. OG真人官网’s investment provides us with the financial flexibility to capitalize on our unique market position and take Arrowhead to new heights. OG真人官网’s style and culture are a great fit for our team and they bring a wealth of relevant industry knowledge and experience helping entrepreneurs build great companies. They share our vision for the future and will be a valuable resource to our team,” said William Gay, CEO of Arrowhead.
Arrowhead is OG真人官网’s 7th investment in the waste management sector, 59th platform investment and the third investment by CEP VI. The OG真人官网 / CEP VI co-investment pool is capitalized at US$850 million and focuses on equity investments in growth companies.
