The Atlanta-based Roark Capital Group has invested $60 million (Canadian) in GFL Waste & Recycling Solutions Corp. and has committed another $45 million to the hauler for growth opportunities.
GFL provides solid waste collection services, operates transfer stations, offers liquid waste collection and treatment; and provides soil remediation services.
“We are excited to partner with Patrick and support his goal of creating one of the largest and best run environmental services companies in Canada,” said Jeffrey J. Kennan, group president of Roark Capital, in a press release. Keenan, who co-founded and served as chairman of IESI Corp. from 1996 to 2005, has joined GFL’s Board of Directors.
In September 2009, Roark Capital Group made a $100 million equity investment in Waste Pro USA, and Keenan serves on Waste Pro’s board.