Clairvest Completes Investment in Arrowhead Environmental Partners
18 June 2020 - 2:21AM
Clairvest Group Inc. (TSX: CVG) (“CVG”) today announced that it,
together with Clairvest Equity Partners VI (“CEP VI”) (together
“Clairvest”), 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 Clairvest’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 Clairvest and head of the Waste
Management practice.
“Arrowhead has many exciting growth
opportunities in front of it. Clairvest’s investment provides us
with the financial flexibility to capitalize on our unique market
position and take Arrowhead to new heights. Clairvest’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 Clairvest’s 7th investment in the
waste management sector, 59th platform investment and the third
investment by CEP VI. The Clairvest / CEP VI co-investment pool is
capitalized at US$850 million and focuses on equity investments in
growth companies.
About ClairvestClairvest’s
mission is to partner with entrepreneurs to help them build
strategically significant businesses. Founded in 1987 by a group of
successful Canadian entrepreneurs, Clairvest is a top performing
private equity management firm with over CAD $2.4 billion of
capital under management. Clairvest invests its own capital, and
that of third parties through the Clairvest Equity Partners limited
partnerships, in owner-led businesses. Under the current management
team, Clairvest has initiated investments in 54 different platform
companies and generated top quartile performance over an extended
period.
Clairvest Contact
InformationMaria Shkolnik Director, Investor Relations and
MarketingClairvest Group Inc.Tel: (416) 925-9270 | Fax: (416)
925-5753marias@clairvest.com
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