The Globe and Mail reports in its Wednesday edition that GFL Environmental is negotiating to sell an interest in its infrastructure arm, Green Infrastructure Partners (GIP), which is valued at about $3.3-billion. The Globe's Tim Kiladze writes that GIP, spun out from GFL in early 2022, offers services like demolition, excavation and remediation, and expanded by acquiring Coco Paving, a family-run business in Ontario. GIP was created with financing from private equity firm HPS Investment Partners, which took a 47-per-cent interest, while GFL kept 45 per cent and GFL founder Patrick Dovigi owned 8 per cent. Mr. Dovigi has expressed interest in monetizing the business, possibly through an IPO, but GIP has faced challenges due to project cost inflation and has replaced several executives, including the chief executive officer. Instead of going public, GIP is now in talks to sell an interest in the business, though the percentage to be sold remains unclear. A deal would allow the owners to cash out some of their holdings and would also provide some capital for growth, according to a source. After adding in $1.3-billion in debt, the deal would give GIP an enterprise value of about $4.5-billion, according to the source.