Terrapure Environmental Ltd, a Toronto-based provider of industrial waste management, environmental and recycling services, is exploring an initial public offering in Canada, according to a report by Bloomberg.
The company is working with banks on the potential IPO, which could raise about $300 million, the report said. A filing could take place as early as November.
Terrapure is backed by Canadian private equity firm Birch Hill Equity Partners. Birch Hill launched the company following the 2015 acquisition of Newalta Corp‘s industrial division for $300 million.
In June, Terrapure acquired the Canadian industrial services and waste management operations of Envirosystems Inc, a portfolio company of TorQuest Partners.
Take your pick!
- Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
- VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now.