Coco Paving is now housed under a new entity called Green Infrastructure Partners (GIP).
The Evolution of Coco Paving
In April 2022, the well-known paving company, Coco Paving, underwent a significant change in its ownership structure. Rather than being directly owned by the acquiring entity, a strategic decision was made to integrate it into a newly formed organization designed for broader infrastructure investments.
Key Details of the Acquisition and New Structure
The transition of Coco Paving involved a strategic acquisition that led to its placement under a new corporate umbrella. Here's a summary of the key details:
| Aspect | Detail |
|---|---|
| Original Name | Coco Paving |
| New Entity | Green Infrastructure Partners (GIP) |
| Acquiring Parties | GFL teamed up with New York-based HPS Investment Partners Inc. |
| Acquisition Date | April 2022 |
| Purpose of GIP | To house Coco Paving and similar assets, rather than GFL owning it directly. |
This strategic move positioned Coco Paving under the umbrella of Green Infrastructure Partners, reflecting a broader investment and operational strategy in the infrastructure sector.
