Clairvest Announces the Sale of Star Waste Systems to Casella Waste Systems, Inc.
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This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentTORONTO, April 01, 2026 (GLOBE NEWSWIRE) — Clairvest Group Inc. (TSX: CVG) (“CVG”), today announced that it, together with Clairvest Equity Partners VI (“CEP VI”, collectively “Clairvest”), and the equity holders of Star Waste Systems, LLC (“Star Waste” or the “Company”) have sold their interests in Star Waste to Casella Waste Systems, Inc.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentStar Waste is a leading independent provider of solid waste collection, processing and recycling services to commercial, residential, and roll-off customers in the Greater Boston Area. The Company also operates a construction and demolition material recovery facility and a commercial solid waste transfer station located north of Boston.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentIn July 2022, Clairvest partnered with Patsy Sperduto, Founder & CEO of Star Waste, to help accelerate the growth trajectory of the business. Over the last four years, the Company has completed eight acquisitions, grown revenue by over 3.0x, and has become a strategically significant waste management platform in the Greater Boston market.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentUpon closing, CVG’s portion of sale proceeds was approximately US$38 million and the sale has a positive impact on CVG’s book value of approximately $2.00 per share over the carrying value as at December 31, 2025. This marks Clairvest’s eighth successful realization in the environmental services sector.Article content“We are proud of what Patsy and the Star Waste team have built over the past several years. Having known Patsy for more than a decade, we had great conviction in his vision and his ability to grow Star Waste into a leading independent solid waste platform in New England. Together, we helped accelerate the Company’s growth and strengthen its strategic position, and we are pleased to have achieved an outcome that reflects the value created. We look forward to seeing Star Waste continue to thrive as part of Casella,” said Michael Castellarin, Managing Director at Clairvest.Article contentArticle content“I chose to partner with Clairvest because of their integrity and their track record of collaborative partnership with entrepreneurs like me. They were instrumental in our success, bringing relevant experience, analytical and strategic support, valuable industry relationships and access to capital. I am grateful for their trust and partnership, and I am very proud of what we accomplished together. This transaction with Casella is an exciting next chapter for Star Waste and our employees,” said Patsy Sperduto, Founder & CEO of Star Waste.Article contentStar Waste was advised by Stifel, Nicolaus & Company, Incorporated as exclusive financial advisor.Article contentAbout ClairvestClairvest’s mission is to partner with entrepreneurs to help them build strategically significant businesses. Founded in 1987 by a group of successful Canadian entrepreneurs, Clairvest is a top performing private equity management firm with over CAD$4.5 billion of capital under management. Clairvest invests its own capital and that of third parties through the Clairvest Equity Partners limited partnerships in owner-led businesses. Under the current management team, Clairvest has initiated investments in 69 different platform companies and generated top quartile performance over an extended period.Article contentContact InformationStephanie LoDirector of Investor Relations and MarketingClairvest Group Inc.Tel: (416) 925-9270stephaniel@clairvest.comArticle contentArticle contentArticle contentArticle contentArticle contentArticle contentTrending CRA denied taxpayer with multiple health issues the disability tax credit Personal Finance U.S. targets Canada’s cloud-computing move as trade irritant Economy Snowbirds moving back home drives high demand for cottage properties Real Estate Bank of Canada worried about impact of oil shock on inflation during rate deliberations Economy U.S. within 'weeks' of oil shortages if war in Iran continues: Eric Nuttall Oil & Gas Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. 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