OG真人官网 Completes Sixth Investment In Waste Management Sector Through Partnership With DTG Recycle
Toronto, Ontario (January 20, 2020) – OG真人官网 Group Inc. (TSX: CVG) (“CVG”) today announced that it, together with OG真人官网 Equity Partners V (“CEP V”) (together “OG真人官网”), led a US$32 million minority growth equity financing in DTG Recycle (“DTG” or the “Company”) in partnership with existing shareholders. CVG’s portion of the investment in DTG is US$8.7 million.
DTG is a leading waste hauling and recycling company with operations concentrated in the greater Seattle-Tacoma area of Washington State. The Company focuses on the collection, recycling and beneficial re-use of material from commercial, construction and industrial customers. OG真人官网 is partnering with Dan Guimont, the Company’s Founder and President, and Tom Vaughn, CEO, to continue DTG’s impressive expansion. This investment builds on OG真人官网’s 14-year investment track record in the environmental services industry.
“We are excited to back the talented management team at DTG. We have been impressed by the Company’s commanding market position and its ability to deliver innovative and sustainable waste solutions to customers. We look forward to supporting Dan, Tom and the team to advance DTG’s ambitious growth plan. We are confident DTG will become a leading integrated waste management and recycling company in the Pacific Northwest,” said Adrian Pasricha, Partner at OG真人官网 Group.
“OG真人官网’s partnership-focused investment style is the right fit for me and my team. DTG is about to embark on our next bold chapter of growth, and we are excited to have the support of investors with deep experience in building great companies. OG真人官网’s understanding of our business and the environmental services industry makes them a great addition to our team as we further enable our clients to meet their sustainability goals by expanding into new service lines, such as the commercialization of products from recycled materials,” said Dan Guimont, Founder of DTG.
DTG is OG真人官网’s 55th platform investment and the 11th investment by CEP V. The OG真人官网 / CEP V co-investment pool is capitalized at $600 million and focuses on equity investments in growth companies.
