Industry
Industrials
Company Profile
Based in Newfoundland, Pennecon delivers integrated heavy civil, industrial, services and maintenance, and marine solutions. With over 50 years of experience and over 2,000 employees, it is recognized as a leader in Canada’s infrastructure construction sector.NewPoint’s Role
NewPoint acted as exclusive financial advisor to Pennecon’s shareholders, supporting the initial review of liquidity alternatives and assisting in the positioning of the company for its successful sale.Transaction Snapshot
Green Infrastructure Partners is a leading vertically integrated infrastructure company established in 2022 by GFL Environmental Inc., funds managed by HPS Investment Partners Inc. and Patrick Dovigi. GIP provides infrastructure solutions across transportation, construction materials, and environmental services. Its acquisition of Pennecon strengthens GIP’s national platform.Selling a Business
was sold to
