On August 27, 2021, Environmental 360 Solutions Inc. (“E360S”) announced the completion of a significant strategic investment from Oaktree Capital Management, L.P. (“Oaktree”), a leader among global investment managers specializing in alternative investments. An additional follow-on equity investment in E360S by Canadian Business Growth Fund (“CBGF”) and existing shareholders closed concurrently with the transaction.
The proceeds from the investments will be used to fund additional acquisitions and organic growth initiatives as the company continues to execute on its ambitious growth strategy.
Financial terms of the transactions were not disclosed.
E360S provides environmental and waste management solutions to municipalities as well as to industrial, commercial and institutional customers. E360S is based in Aurora, Ontario, Canada, and operates in various regions of Alberta, Ontario, Quebec, and British Columbia.
Miller Thomson advised E360S on the transactions with a team led by Lawrence Wilder (Capital Markets & Securities), and comprised of Adam Kline, Adam Bata, and Mark Milanetti (Capital Markets & Securities); Ron Choudhury (Corporate Tax); Lisa Goodfellow (Labour & Employment); Jessica Penley, Kyle Hampson, and Matthew Gray (Real Estate) as well as Eric Dufour (Competition).
