Maple Reinders sells off environmental business

Key Takeaways:

• Maple Reinders Group has divested its majority-owned environmental subsidiary, AIM Group Ltd., to Convertus Canada in a strategic move to advance innovation and sustainability in the waste management sector.
• Under Maple Reinders, AIM designed, built, and operated more municipal organics treatment facilities than any other company in Canada, at one point handling about 10% of the country’s residential organic waste.
• Maple Reinders will continue providing complex environmental infrastructure services through its Maple Facilities Management arm, and plans to maintain a close commercial relationship with Convertus as both firms work toward shared sustainability goals.

The Whole Story:

Maple Reinders Group has sold its majority-owned environmental subsidiary, AIM Group Ltd., to Convertus Canada in a move the company says will advance shared goals of innovation and sustainable waste management across the country.

The terms of the deal were not disclosed, but Maple Reinders says the transaction marks a strategic milestone in its ongoing commitment to delivering complex infrastructure projects in Canada’s environmental sector.

AIM Group has been part of Maple Reinders’ portfolio for over 20 years, helping the firm design, build, operate and maintain municipal organic waste treatment facilities nationwide. The partnership delivered several major achievements, including the operation of some of Canada’s largest municipal organics plants and the processing of approximately 10 per cent of the country’s residential organic waste.

“This sale to Convertus Canada represents an exciting opportunity for the AIM Group to continue its growth trajectory under new ownership,” said Harold Reinders, president and CEO of Maple Reinders Group. “We are proud of the legacy AIM has built under our stewardship and look forward to continued collaboration with Convertus in delivering sustainable solutions.”

Reuben Scholtens, national vice-president of Maple Reinders and the lead on the transaction, said the sale reflects a strategic alignment with a partner that shares the company’s focus on innovation and environmental performance.

Convertus Canada, a national leader in organic waste processing, will integrate AIM Group’s operations to bolster its capacity and market position. The companies said they are working to ensure a seamless transition for employees, clients, and stakeholders.

Maple Reinders will continue to deliver environmental infrastructure services through its wholly owned subsidiary, Maple Facilities Management, including operations and maintenance for water and wastewater treatment plants. The company also recently completed construction of what it describes as North America’s most advanced municipal organics aerobic digestion facility in Halifax.