Environmental 360 Solutions Inc. (“E360S” or the “Company”) and investors led by BlackRock Alternatives (“BlackRock”), through a fund managed by its Diversified Infrastructure business, jointly announced today the closing of a transaction through which BlackRock has acquired a majority interest in E360S (the “Transaction”) by purchasing interests of certain of the Company’s prior investors, including founding investor Almada Inc., OPSEU Pension Plan Trust Fund, and Oaktree Capital Management L.P. 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 five provinces across the country.
Miller Thomson’s Private Equity team is pleased to have acted for E360S on the Transaction with a team led by Lawrence Wilder, Adam Kline and Adam Bata (Private Equity) and which included Mark Milanetti, Sarah Langille, Brandon Meyer, Madison Derraugh, Bailey Sprout and Ariane Buono-Guimont (Private Equity); Ron Choudhury (Corporate Tax); Tamara Farber (Environmental); Steven Chaimberg and Jessica Penley (Real Estate); Eric Dufour (Competition); Lisa Goodfellow (Labour & Employment); Karen Durell (Intellectual Property) and Sara Josselyn (M&A Insurance).
Donato (Danny) Ardellini, the Company’s Founder and CEO, said “Miller Thomson has been a trusted advisor as we have grown through an ambitious acquisition program over the past few years and were instrumental in the process to cement our partnership with BlackRock.” Danny will continue in his leadership role at E360S and will maintain his significant ownership stake.
Miller Thomson’s Acquisition team is comprised of lawyers across the country with multiple legal specialties and has completed over 25 acquisitions for E360S in Alberta, British Columbia, Ontario, Quebec and Saskatchewan since 2020.
“We are proud to have played a role in E360s’s incredible success and to have assisted our client in achieving this milestone”, says Lawrence Wilder, Leader, Capital Markets and Securities and partner at Miller Thomson.
View the press release issued by E360S.
