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GFL Environmental to Acquire Secure Waste for C$6.4 Billion

4/13/2026

38 4 Full Breakdown

Summary

Story summary

GFL Environmental Inc. is acquiring Secure Waste Infrastructure Corp. for about C$6.4 billion (US$4.6 billion) at C$24.75 per share, with 80% stock and 20% cash.
The deal carries a 23% premium to Secure Waste's recent share price.
The deal aims to grow GFL's Western Canada presence and expand its industrial and energy-linked waste services, with closing expected in the second half of 2026 pending shareholder approval.

History

Historical Context

The 2008 global financial crisis prompted Canada to invest C$1.5 billion in green infrastructure, reshaping waste management regulations. Founded in 2007, GFL Environmental Inc. has since expanded significantly, acquiring multiple firms and enhancing its market presence. The company's recent C$6.4 billion acquisition reflects its strategy to strengthen its position in the industrial waste sector, aligning with sustainability goals.

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Story summary

GFL Environmental Inc. is acquiring Secure Waste Infrastructure Corp. for about C$6.4 billion (US$4.6 billion) at C$24.75 per share, with 80% stock and 20% cash.
The deal carries a 23% premium to Secure Waste's recent share price.
The deal aims to grow GFL's Western Canada presence and expand its industrial and energy-linked waste services, with closing expected in the second half of 2026 pending shareholder approval.

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