GFL Environmental finalises $4.25bn deal to recapitalize Green Infrastructure Partners

GFL Environmental announces the recapitalization of Green Infrastructure Partners at an enterprise value of $4.25bn, involving new institutional investors and a major redistribution of capital to its shareholders.

Share:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €2/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

GFL Environmental announced the completion of a major agreement for the recapitalization of Green Infrastructure Partners at an enterprise value of $4.25bn (CAD5.77bn). The transaction involves funds managed by Energy Capital Partners, LLC, and provides for a reorganisation of the capital structure of this infrastructure company founded in 2022 by GFL Environmental, HPS Investment Partners Inc. and Patrick Dovigi.

New capital structure and entry of institutional funds
Green Infrastructure Partners, specialised in the management and construction of infrastructure assets, will receive a total injection of $775mn as part of the transaction. According to information provided, approximately $585mn will be redistributed to current shareholders, while $175mn will be used to strengthen the company’s balance sheet to support future growth.

GFL Environmental will receive a distribution of nearly $200mn. After this transaction, GFL will retain a minority stake representing 30.1% of Green Infrastructure Partners’ capital, valued at $895mn. The founding partners, HPS Investment Partners Inc. and Patrick Dovigi, will also continue to hold minority stakes in the company.

Development outlook and transaction timetable
The management of Green Infrastructure Partners plans to use the new funds to consolidate its activities and explore new growth opportunities. The transaction, which does not alter the company’s operational organisation, is expected to close around September 2, 2025, subject to the usual regulatory approvals.

The financial arrangement enables GFL Environmental and its partners to secure a significant return on investment, while providing additional resources to Green Infrastructure Partners to support its expansion plans. A spokesperson for the group stated that “this transaction illustrates the confidence of institutional investors in the integrated model of Green Infrastructure Partners.”

BrightNight’s Asian subsidiary becomes Yanara and positions itself as an independent player to strengthen the development of large-scale renewable energy solutions in the Asia-Pacific region.
Brookfield acquires 19.7% of Duke Energy Florida for $6 billion, strengthening the group's investment capacity and supporting a five-year modernisation plan valued at $87 billion.
With a net profit of $1.385bn in the second quarter of 2025 and a sharp rise in capex, ADNOC Gas consolidates its position in the global natural gas market.
Siemens Energy posts historic third-quarter orders, significant revenue growth and lifts its dividend ban, reinforcing its backlog strength and ambitions for profitable growth in 2025.
The proliferation of Chinese industrial sites abroad, analysed by Wood Mackenzie, allows renewable energy players to expand their hold on the sector despite intensified global protectionist measures.
Pedro Cherry becomes chief executive officer of Mississippi Power, succeeding Anthony Wilson, as the company navigates regional growth and significant challenges in the energy sector of the southern United States.
METLEN Energy & Metals makes its debut on the London Stock Exchange after a share exchange offer accepted by more than 90% of shareholders, opening a new phase of international growth.
Q ENERGY France secures a EUR109mn loan from BPCE Energeco for the construction of two wind farms and two solar power plants with a combined capacity of 55 MW.
The Canadian energy infrastructure giant launches major projects totaling $2 billion to meet explosive demand from data centers and North American industrial sector.
Chevron’s net profit dropped sharply in the second quarter, affected by falling hydrocarbon prices and exceptional items, as the group completed its acquisition of Hess Corporation.
ExxonMobil reports a decrease in net profit to $7.08bn in the second quarter but continues its policy of high shareholder returns and advances its cost reduction objectives.
Sitka Power Inc. completes the acquisition of Synex Renewable Energy Corporation for $8.82 mn, consolidating its hydroelectric assets and strengthening its growth strategy in Canada.
DLA Piper assists Grupo Cox in a planned transfer of Iberdrola assets in Mexico, with a reported value of $4.2 billion, mobilising an international legal team.
Italian group Enel reports net profit of €3.4bn for the first half, down from last year, while revenue rises to €40.8bn amid market volatility.
Atlantica Sustainable Infrastructure takes over Statkraft’s Canadian platform, including all operational and development-stage wind, solar, and storage assets in Canada.
Energy group Engie confirms its financial outlook for 2025 despite what it describes as an uncertain international context and lower prices that weighed on its results in the first half.
Encavis AG announces the acquisition of a 199 MW portfolio consisting of three wind farms and two photovoltaic plants in Aragon, marking a key step in the group's technological diversification in Spain.
TC Energy reports higher financial results in the second quarter of 2025, boosts investments and anticipates a rise in annual EBITDA driven by growing natural gas demand in North America.
Saturn Oil & Gas reports a reduction in net debt by $86mn in the second quarter of 2025, achieving record free cash flow and production above forecasts in the North American market.
Cenovus Energy announces a net profit of $851mn for the second quarter of 2025, while accelerating the completion of its main growth projects and strengthening its strategic position despite temporary operational constraints.