Energy Capital Partners’ investment in Green Infrastructure Partners in connection with its C$4.25B recapitalization

On August 7, 2025, Energy Capital Partners announced its investment in Green Infrastructure Partners supporting its recapitalization led by GFL Environmental Inc. at an enterprise value of C$4.25 billion.

Energy Capital Partners is a leading U.S. private investment firm specializing in energy infrastructure, with a focus on investing in electricity and sustainability infrastructure providing reliable, affordable and clean energy. 

GFL Environmental Inc. is a Canadian public company that provides diversified environmental services across North America.

Green Infrastructure Partners is one of Canada’s largest and most diversified infrastructure companies, offering vertically integrated infrastructure solutions for public and private projects of every size and scale throughout Canada.

McCarthy Tétrault is advising Energy Capital Partners with a team led by Jonathan See, Maxine Ethier and Haiya Peng that includes Khristoff Browning and Pegah Mortazavian (Business Law), Brad Nicpon, Meg Heesaker, Mubarik Khan (Real Property, Projects and Infrastructure), Raj Juneja and Justin Ng (Tax), Ian Mak and Juliana Smith (Financial Services), Jason Gudofsky and Gideon Kwinter (Competition/Antitrust), Cindy Vaillancourt, Selina Lee-Andersen and Gwenyth Wren (Environmental Law), Patrick Pengelly, Andrew Weizman and John Gray (Labour and Employment), Susan Nickerson, Kelleher Lynch and Julia Miller (Pensions, Benefits and Executive Compensation), John Boscariol and Gajan Sathananthan (Trade and Anti-Corruption), Conrad Lee and Mohammed M’Hiri (Privacy and Data Security), Vincent Yip (Intellectual Property), Awanish Sinha, Kosta Kalogiros, Amanda Iarusso and Javid Dharas (Litigation).