The OPSEU Pension Trust is selling its stake in an environmental waste management company.
The OPTrust, which first bought an equity stake in Environmental 360 Solutions Inc. in 2020, is one of several institutional investors selling its shares to Blackrock Inc.’s alternatives fund.
Environmental 360 Solutions Inc. is an end-to-end environmental management solutions provider to municipal clients in British Columbia, Alberta and Ontario.
Read: OPTrust invests in environmental and waste management solutions company
In a press release, Adi Blum, managing director of diversified infrastructure at BlackRock, highlighted several areas of the newly acquired business that are expected to grow in the coming years. “In addition to capital, BlackRock will provide [Environmental 360] with the right strategic support to achieve its growth plans. There is significant white space to grow the company’s sustainability and circularity services, as well as continuing to grow in traditional solid waste and environmental services.”