GFL close to acquiring Secure Waste for $4.3 billion, Bloomberg reports

• The proposed deal is valued at C$6 billion ($4.33 billion) with a payment structure of 20% cash and 80% stock at approximately C$24.50 per share
• The offer represents a 15% premium to Secure Waste's Friday closing price
• Secure Waste operates waste processing, recovery, and disposal infrastructure across Western Canada and North Dakota; GFL recently acquired Frontier Waste Solutions earlier this month

Summary

GFL Environmental is close to acquiring Secure Waste Infrastructure in a deal valued at over C$6 billion ($4.33 billion), according to Bloomberg News citing sources familiar with the matter.

Key Deal Terms:

• Total value: C$6 billion (~$4.33 billion)
• Structure: 20% cash, 80% stock
• Proposed price: Approximately C$24.50 per share
• Premium: ~15% over Secure Waste's last closing price on Friday

Companies and Operations:

GFL Environmental is a Canadian waste management company. Secure Waste Infrastructure, based in Calgary, operates a network of processing, recovery, and disposal infrastructure across Western Canada and North Dakota.

Market Context:

This acquisition represents continued consolidation in the waste management sector. Earlier in April, GFL acquired Frontier Waste Solutions from BGL, though financial terms were not disclosed for that transaction.

Current Status:

The deal is reportedly nearing completion but has not been officially confirmed. Neither GFL nor Secure Waste responded to Reuters' requests for comment.

Market Implications:

The significant premium and mostly stock-based structure suggests GFL is pursuing aggressive expansion while managing cash outlays. The acquisition would strengthen GFL's presence in Western Canada and extend its reach into North Dakota, potentially creating operational synergies and market share gains in the waste management industry. The deal size makes it a substantial consolidation move in the sector.

*Exchange rate reference: $1 USD = 1.3865 CAD*