Allied Waste Completes Sale of Canadian Assets

On June 30, 2000, Allied Waste Industries, Inc. (Allied Waste) of Scottsdale, Arizona completed the sale of its remaining Canadian solid waste collection and disposal assets. The assets, which are located in five provinces and include landfills in Montreal, Winnipeg and Calgary, were sold to a group of financial buyers led by NB Capital Partners, Inc. The transaction completed the sale of all the Canadian assets acquired by Allied Waste in its July 1999 acquisition of Browning-Ferris Industries, Inc. Financing for the purchase was provided by Newcourt Credit Group Inc., GE Capital Equipment Financing Inc. and National Bank of Canada.

Goodman and Carr LLP represented the purchaser, now known as BFI Canada Inc., with a team that included Jeff Blidner, Lawrence Chernin, Susan Guttman, Elizabeth Ellis and Leslie Giller (corporate), Laurence Geringer, Steve Watson, Ruby Wong and Mara Collins (financing), Bernard Morris (tax) and Gary Bouchard (technology). Dan Kirby and Radha Curpen (environmental) and Paul Morassutti and Richard Particio (real estate) of Osler, Hoskin & Harcourt LLP provided assistance in the environmental and real estate areas. Allied Waste was represented Davies, Ward & Beck, whose team included Andrew Welsh, Rosemary Newman, Simon Lockie, Mariana Silva, Andrew Spurling (corporate), John Zinn, Geoff Turner and Elie Roth (tax), Sarah Powell and Jill Whelan (environmental), Gabriella Lombardi and Rod Davidge (real estate), and John Bodrug and Dany Assaf (competition). The team worked with Karen McConnell of Arizona law firm Fennemore, Craig. Lenders on the transaction were represented by McMillan Binch with a team that included Jean Anderson, Michael Peterson, David Stewart, Jeff Rogers and Andrew McFarlane and Fogler, Rubinoff LLP acted for the subordinated lenders with a team that included Lawrence Haber, Bill Berger and Jeffrey Alpert.