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BlackRock sweeps up waste management firm

BlackRock has acquired a majority stake in Environmental 360 Solutions, a waste management services company in Canada, for an undisclosed sum, via its BlackRock Global Infrastructure Fund IV fund, from Almada, OPSEU Pension Plan Trust Fund, and Oaktree Capital Management.

BlackRock has acquired a majority stake in Environmental 360 Solutions (E360S), a waste management services company in Canada, for an undisclosed sum, via its BlackRock Global Infrastructure Fund IV fund, from Almada, OPSEU Pension Plan Trust Fund, and Oaktree Capital Management.

One of E360S’ early investors, Canadian Business Growth Fund, has increased its existing equity position as part of the transaction.

Donato (Danny) Ardellini, the company’s founder and CEO, will continue in his leadership role at E360S and will maintain his significant ownership stake.

E360S provides waste management, environmental, and recycling/circular economy services to over 30,000 Canadian municipal, commercial and industrial customers.

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