HPS Investment Partners, LLC and affiliates controlled by Patrick Dovigi and unknown buyers agreed to acquire infrastructure services division from GFL Environmental Inc. (TSX:GFL) on February 9, 2022. GFL Environmental that it intends to divest of its infrastructure services division (“GFL Infrastructure”) for cash and an equity interest in a new entity, Green Infrastructure Partners Inc. As consideration for the deal, GFL received CAD 224 million in cash and a 45% equity interest in Green Infrastructure Partners, an entity that is controlled by funds managed by HPS Investment Partners through a 47% equity interest. Affiliates controlled by Patrick Dovigi, the Executive Chair of the Green Infrastructure Partners' Board of Directors, hold an 8% equity interest in Green Infrastructure Partners. GFL intend to invest the proceeds received from the transaction in our robust near-term acquisition pipeline.”

HPS Investment Partners, LLC completed the acquisition of infrastructure services division from GFL Environmental Inc. (TSX:GFL) on February 9, 2022.