CPE News (10/22/2020) – OPSEU Pension Plan Trust Fund (OPTrust) has invested undisclosed amount in Environmental 360 Solutions Inc. (E360S)
The investment will be used to support the continued growth of E360S through both organic initiatives and acquisitions.
Founded by Donato Ardellini, Pickering, Ontario based Environmental 360 Solutions Inc. is an environmental management company providing solutions to municipalities and industrial, commercial and institutional customers. E360S has operations in Ontario, Alberta, and British Columbia.
In March 2020, Canadian Business Growth Fund (CBGF) acquired a minority stake in E306S.
Environmental 360 Solutions was launched in 2018 with the backing of Alon Ossip and Martin Goldfarb’s Almada Group, Paul Coffey, Dave Gurney and Jason Claxton.
photo credit: Environmental 360 Solutions
Environmental 360 Solutions Inc. (E360S) Announces Strategic Investment by OPTrust
TORONTO, Oct. 21, 2020 /CNW/ – Environmental 360 Solutions Inc. (“E360S”) is pleased to announce OPSEU Pension Plan Trust Fund (“OPTrust”) has made a strategic investment in E360S.
With net assets of almost $22 billion, OPTrust invests and manages one of Canada’s largest pension funds through a team of experienced investment professionals located in Toronto, London and Sydney. As a long-term investor, OPTrust is committed to lasting partnerships with the companies it invests in. The proceeds from this capital raise will be used to support the continued growth of E360S through both organic initiatives and acquisitions.
“We are very pleased to announce our investment into E360S. Alongside our partners, E360S’ founder Donato Ardellini, Almada Group, and Canadian Business Growth Fund, we look forward to capitalizing on future growth opportunities and the continued success of E360S,” said Trevor Speis, Director at OPTrust.
Donato Ardellini, added, “We are very excited to partner with OPTrust at such an early stage of E360S’ existence. It exemplifies the hard work and dedication of all 370 employees. This investment further validates our vision of becoming Canada’s most trusted environmental partner, and will enable us to continue on our growth trajectory and build a national diversified environmental management company.”
Environmental 360 Solutions Inc. is an environmental management company providing solutions to municipalities and industrial, commercial and institutional customers. With operations in Ontario, Alberta, and British Columbia, E360S is dedicated to becoming North America’s leading and most trusted environmental management company.
With net assets of almost $22 billion, OPTrust invests and manages one of Canada’s largest pension funds and administers the OPSEU Pension Plan (including OPTrust Select), a defined benefit plan with over 96,000 members. OPTrust was established to give plan members and the Government of Ontario an equal voice in the administration of the Plan and the investment of its assets through joint trusteeship. OPTrust is governed by a 10-member Board of Trustees, five of whom are appointed by OPSEU and five by the Government of Ontario.
SOURCE Environmental 360 Solutions
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