Roark Capital invests in Canadian waste company

Roark Capital Group is seeing green in a Canadian waste management and recycling company.

The Atlanta-based private equity firm, better known for its portfolio of restaurants, such as Schlotzsky’s and Moe’s Southwest Grill, announced Tuesday it invested $58.5 million in GFL Waste & Recycling Solutions Corp., and will commit an additional $43.8 million for expansion and possible acquisitions, the company said in a news release.

The deal with GFL is Roark’s second major investment in a waste management business, following its October 2009 investment of $100 million in Waste Pro.

GFL, based in Pickering, Ontario, operates solid waste transfer facilities, liquid waste collection and treatment stations and performs soil remediation. Roark President Jeffrey J. Keenan, a veteran of the solid waste industry, will be on GFL’s board.

About the Author

Tariff exemption’s end for small orders means higher costs, postal disruptions

The Trump administration is ending an exemption that has spared imports into the U.S. below the value of $800 from import duties.

9m ago

Former AJC investigative editor recognized nationally for four-decade career

Lois Norder directed investigations exposing fraud and abuse in housing, health care, education and the prison system.

Home Depot’s $5.5B GMS deal gets final antitrust clearance with Canadian OK

Home Depot said it has received clearance from the Canadian Competition Bureau for its pending $5.5 billion acquisition of specialty building products distributor GMS Inc.

The Latest

Credit: AP

New car prices are going up, but you might not notice (yet)

OPINION

How to find car deals in times of tariffs

DATA SURGE

Data centers need a lot more juice. Georgia consumers fear being squeezed.

Featured

Credit: Miguel Martinez-Jimenez

Georgia could restart regional energy, water reviews for data center proposals

Georgia is weighing rule changes to once again make certain data centers disclose information about their resource requirements to local planning authorities.

From Ponzi fallout to party power: Frost dynasty clings to Coweta GOP

By the end of the two-hour meeting, Brant Frost V had stepped down as Coweta County GOP chair. But in a show of his continued influence, he took on a new role.

After a decade of delays, $148M renovation to Cross Keys High begins

The $148 million project is expected to be completed in 2028. The school, which serves about 1,600 students, will remain open during construction.