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GFL

GFL To Acquire SECURE

April 13, 2026 — 07:10 am EDT

Written by

RTTNews.com for

RTTNews->

(RTTNews) - GFL Environmental Inc. (GFL, GFL.TO) and SECURE Waste Infrastructure Corp. (SES.TO) have entered into a definitive agreement pursuant to which GFL has agreed to acquire all of the issued and outstanding common shares of SECURE for C$24.75 per share, representing an enterprise value of approximately C$6.4 billion. The consideration will be satisfied through a combination of 80% in GFL subordinate voting shares and 20% in cash. SECURE operates a diversified waste management platform in Western Canada and North Dakota through its vertically integrated network of assets across over 80 locations.

"The transaction reinforces GFL's goal of creating long-term equity value for our shareholders and is expected to significantly accelerate the achievement of the multi-year financial targets we outlined at our Investor Day in early 2025. The transaction is expected to be immediately accretive to Adjusted Free Cash Flow per share by 12% to 15%," said Patrick Dovigi, Founder and CEO of GFL.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.