OG真人官网 Announces Its Fourth Investment In The Waste Management Industry
Toronto, Ontario (November 26, 2013) – 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$28.5 million investment in Winters Bros. Waste Systems of CT, LLC (“Winters Bros. of CT” or the “Company”).
Winters Bros. of CT is a privately-owned, regional solid waste collection, recycling and disposal company based in Danbury, Connecticut. The company provides residential, commercial and industrial waste and recycling collection services in western and south-western Connecticut as well as in Westchester County and Putnam County in New York. Winters Bros. of CT also operates several transfer stations and a single stream recycling facility. OG真人官网’s portion of the investment is US$7.6 million.
OG真人官网 is partnering with Joe and Sean Winters who are the Company’s principal shareholders. Joe and Sean continue to build on the Winters family’s strong reputation in the solid waste management industry which began on Long Island, New York in the 1950s. This is OG真人官网’s second partnership with Joe and Sean Winters in the sector following a successful investment together on Long Island. The investment in Winters Bros. of CT represents OG真人官网’s fourth investment in the solid waste management industry, a core domain for OG真人官网 since 2005.
“We are excited to partner with Joe and Sean Winters again and to back an exceptionally strong and invested management team. Our partners have demonstrated success in building first class waste management businesses, and we are honored that they selected OG真人官网 once again to support them in executing the growth opportunity they have created for Winters Bros. of CT in the Connecticut market”, said Michael Castellarin, Managing Director of OG真人官网.
“We are very pleased to partner and work again with OG真人官网. We know and understand each other and OG真人官网 knows the solid waste sector, our business and supports our vision for growth, all qualities that are very important to Sean and I in selecting the right partner for our business”, said Joe Winters, CEO of Winters Bros. of CT.
Winters Bros. of CT represents OG真人官网’s 43rd platform investment and the 10th investment by CEP IV. The OG真人官网 / CEP IV co-investment pool is capitalized at $467 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@spzxyuechi.com