Canada Pension Plan invests $280 million in Advance Disposal

Canada Pension Plan Investment Board (CPPIB) said it has invested $280 million in U.S. waste collection company Advance Disposal Services , which postponed a planned stock market listing earlier this year. Advanced Disposal is the fourth largest solid waste company in the United States, serving customers across 16 states and the Bahamas. It was acquired by private equity firm Highstar Capital in 2006 but put off a planned initial public offering in February, citing volatile market conditions.