Waste Management Of New York Inc. acquired Winters Bros Waste Systems of Long Island, LLC from Clairvest Equity Partners VI Limited Partnership a fund managed by Clairvest Group Inc. (TSX:CVG) and others on July 15, 2024. Upon closing, Clairvest Group Inc. managed by it, Clairvest Equity Partners V portion of sale proceeds was approximately $191 million (Clairvest Group Inc.?s portion is $57 million). On a constant currency basis, the sale proceeds for Clairvest Group Inc. represent a multiple of capital invested of 6.8x and an IRR of 23%. Clairvest and the Winters family continue to hold real estate assets associated with the transaction which could generate incremental proceeds.

Waste Management Of New York Inc. completed the acquisition of Winters Bros Waste Systems of Long Island, LLC from Clairvest Equity Partners VI Limited Partnership a fund managed by Clairvest Group Inc. (TSX:CVG) and others on July 15, 2024.