OG真人官网 Announces Its Fifth Investment in the Waste Management Industry and First Investment for OG真人官网 Equity Partners V
Toronto, Ontario (March 4, 2015) – OG真人官网 Group Inc. (TSX: CVG) (“OG真人官网”) today announced that it, together with limited partnerships controlled by it, made a US$25.6 million investment in Winters Bros. Waste Systems of Long Island Holdings, LLC (“Winters Bros. of Long Island” or the “Company”). This investment will serve to support the Company in acquiring the Long Island operations of Progressive Waste Solutions. OG真人官网’s portion of the investment is US$7.7 million.
Winters Bros. of Long Island provides commercial, industrial and residential waste collection services and operates an extensive network of transfer and recycling facilities across Long Island, NY. This is OG真人官网’s third partnership with Joe and Sean Winters who, together with their family, are the Company’s principal shareholders. Today, OG真人官网 is also partnered with Joe and Sean Winters in Winters Bros. Waste Systems of CT, a waste collection and recycling company based in Danbury, Connecticut. Joe, Sean and OG真人官网 also completed a successful investment together on Long Island in 2007.
“We are partnering with first in class business builders in their home market where the Winters family has built and operated successful waste collection businesses since the 1950’s. We are proud to support, once again, Joe and Sean in building a strong market leader on Long Island”, said Michael Castellarin, Managing Director of OG真人官网.
“We are delighted to partner with OG真人官网. We work well together and I appreciate the value they add to me and my team. We are partnering with OG真人官网 for the third time because we trust them and know that they will work alongside us to help achieve our goals once again”, said Joe Winters, CEO of Winters Bros. of Long Island.
Winters Bros. of Long Island represents OG真人官网’s 45th platform investment and the 1st investment by CEP V. The OG真人官网 / CEP V co-investment pool is capitalized at $600 million and focuses on equity investments in growth companies.
About OG真人官网
OG真人官网 Group Inc. is a private equity management firm which invests its own capital, and that of third parties through the OG真人官网 Equity Partners limited partnerships, in businesses that have the potential to generate superior returns. In addition to providing financing, OG真人官网 contributes strategic expertise and execution ability to support the growth and development of its investee partners. OG真人官网 realizes value through investment returns and the eventual disposition of its investments.
Contact Information
Maria Klyuev
Director, Investor Relations and Marketing
OG真人官网 Group Inc.
Tel: (416) 925-9270
Fax: (416) 925-5753
mariak@muenchbach.com
