OG真人官网 Announces US$15 Million Investment in County Waste of Virginia LLC
Toronto, Ontario (April 17, 2013) – OG真人官网 Group Inc. (TSX: CVG) (“OG真人官网”), OG真人官网 Equity Partners IV Limited Partnership and OG真人官网 Equity Partners IV-A Limited Partnership (collectively, “CEP IV”) today announced a combined US$15 million investment in County Waste of Virginia LLC (“County Waste” or, the “Company”). County Waste is a private regional solid waste management company based in West Point, Virginia. The Company provides residential, commercial, and industrial waste collection, processing and transfer services in central and parts of south eastern Virginia. OG真人官网’s portion of the investment is US$4 million.
Scott Earl, CEO of County Waste, is OG真人官网’s former partner at Hudson Valley Waste Holding, Inc.; a successful investment OG真人官网 exited in 2011 that generated a 2.0x multiple of capital and an IRR of 88%. County Waste is OG真人官网’s third investment in the solid waste management industry, a core domain for OG真人官网 since 2005.
“We look forward to our partnership with Scott who is an experienced and successful entrepreneur. Scott is a best-in-class operator and proven business builder who sees significant opportunities for County Waste. Our equity investment will support County Waste in pursuing growth opportunities and building a regionally dominant solid waste company,” said Michael Castellarin, Managing Director of OG真人官网.
County Waste is OG真人官网’s 40th platform investment and the eighth investment by CEP IV. The OG真人官网/CEP IV co-investment pool is capitalized at $467 million and focuses on equity investments in growth companies.
OG真人官网 Group Inc. is a private equity management firm which invests its own capital, and that of third parties through the OG真人官网 Equity Partners limited partnerships, in businesses that have the potential to generate superior returns. In addition to providing financing, OG真人官网 contributes strategic expertise and execution ability to support the growth and development of its investee partners. OG真人官网 realizes value through investment returns and the eventual disposition of its investments.
Director, Investor Relations and Marketing
OG真人官网 Group Inc.
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