What is the value of the potential GFL Environmental acquisition of Secure Waste?

The potential acquisition of Secure Waste Infrastructure Corp. by GFL Environmental Inc. is valued at over C$6 billion, including debt.

How is the GFL Environmental and Secure Waste deal structured?

The deal is expected to be structured with approximately 20% cash and 80% stock.

What benefits does GFL Environmental expect from acquiring Secure Waste?

GFL executives view Secure Waste's assets as complementary to its existing business, anticipating meaningful opportunities for cost savings and cross-selling services.

Home / Business and Economy / GFL Nears C$6B Deal for Secure Waste

GFL Nears C$6B Deal for Secure Waste

13 Apr

Summary

GFL Environmental nears C$6 billion deal for Secure Waste.
Transaction includes over C$4.3 billion in debt.
Deal structured with 20% cash and 80% stock.

GFL Environmental Inc. is reportedly on the verge of acquiring Canada's Secure Waste Infrastructure Corp. in a transaction valued at more than C$6 billion, which includes existing debt. The deal's structure is anticipated to comprise approximately 20% cash and 80% stock.

This potential combination is expected to substantially bolster GFL's presence in western Canada and enhance its offerings in industrial and energy-related waste services. The proposed acquisition price is around C$24.50 per share, indicating a premium of about 15% over recent trading levels, though the final terms are not yet certain.

GFL, under CEO Patrick Dovigi, has consistently pursued expansion through acquisitions. The Secure Waste deal, if finalized, would be one of its most significant recent transactions. Secure Waste, headquartered in Calgary, derives a significant portion of its earnings from waste management and recycling, with the remainder from energy infrastructure.

The acquisition is seen by GFL executives as complementary, offering substantial opportunities for cost synergies and cross-selling services. GFL also recently announced an agreement to acquire Frontier Waste Solutions in Texas for an undisclosed amount, reportedly valued at about $900 million.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.

Home / Business and Economy / GFL Nears C$6B Deal for Secure Waste

GFL Nears C$6B Deal for Secure Waste

13 Apr

•

Summary

GFL Environmental nears C$6 billion deal for Secure Waste.
Transaction includes over C$4.3 billion in debt.
Deal structured with 20% cash and 80% stock.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.