Energy Capital Partners Acquires GFL Infra Stake in $3.1B Deal

Energy Capital Partners is buying a part of GFL's infrastructure business.

This means Energy Capital will invest in Green Infrastructure Partners (GIP), which does things like build roads and take down buildings.

The deal is worth about $3.1 billion.

GFL, the current owner, will still own 30% of the company.

This is a big deal for GFL, as it helps them raise money while still being part of the business's future.

GIP had many potential investors but chose Energy Capital because of their experience.

This deal is one of the largest infrastructure deals in Canada this year.

The deal comes as GFL changes its investments and manages its money.