The Globe and Mail reports in its Friday, Aug. 8, edition that the infrastructure arm of Canadian waste-management company GFL Environmental is bringing on a new private-equity investor in a deal that will return some cash to existing shareholders and also provide funds for more acquisitions. The Globe's Tim Kiladze writes that GIP, which stands for Green Infrastructure Partners, was spun out of the waste-management company in early 2022 and was created with financing from private-equity firm HPS Investment Partners, which took a 47-per-cent interest. GFL kept 45 per cent and GFL founder Patrick Dovigi owned 8 per cent. GIP is now adding New Jersey-based Energy Capital Partners as a new investor, receiving $775-million in proceeds from the transaction. GIP said Thursday that $585-million will be given to its existing shareholders, and $175-million will be used to fund future growth. GFL will receive $200-million of the proceeds and continue to own 30 per cent of the infrastructure company. HPS and Mr. Dovigi will also remain minority investors. The deal marks the second major recapitalization of a GFL-affiliated business in 2025. The Globe says Mr. Dovigi has long talked about wanting to monetize GIP.