The Financial Post reports in its Saturday edition that Energy Capital Partners signed a deal to acquire a stake in GFL Environmental's infrastructure affiliate, valuing the business at about $4.25-billion including debt. A Bloomberg dispatch to the Post reports that funds managed by Energy Capital will invest in Green Infrastructure Partners. GIP will receive about $175-million for its own balance sheet and $585-million will go to its shareholders, including GFL. GFL will keep a 30-per-cent interest in Green Infrastructure. Other investors in the infrastructure business include HPS Investment Partners and GFL chief executive officer Patrick Dovigi. He said, "Our original investment of about $250-million in 2022 has grown to approximately $1.1-billion in just over three years." He said the deal provides GFL with a tax-efficient opportunity to monetize part of the holding while still benefiting from future growth. The transaction ranks among Canada's largest infrastructure deals this year and is a milestone for GIP, which provides road-building, demolition, excavation, remediation and other civil infrastructure services across Canada. Energy Capital's Drew Brown said the firm sees "significant tailwinds" for GIP.