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GFL Environmental and SECURE Waste Infrastructure announce acquisition by GFL, further expanding and densifying GFL's Western Canadian footprint
GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL") and SECURE Waste Infrastructure Corp. ("SECURE") (TSX: SES) today announced that they have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which GFL has agreed to acquire all of the issued and outstanding common shares of SECURE for $24.75 per SECURE common share, representing an enterprise value of approximately $6.4 billion (the "Transaction"). The consideration for the Transaction will be satisfied through a c
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[{"type":"list","items":[{"val":[{"type":"text","content":"Unique opportunity to acquire a leading waste management provider in Western Canada","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Immediately accretive, increasing Adjusted Free Cash Flow(1) per share by 12% to 15%","length":84,"tagName":"p"}]},{"val":[{"type":"text","content":"Highly attractive financial profile, increasing Adjusted EBITDA margin(1) to 31.6% and Adjusted Free Cash Flow(1) conversion to between 40.5% and 42.5% on a pro forma basis","length":172,"tagName":"p"}]},{"val":[{"type":"text","content":"Net Leverage(1) neutral acquisition providing GFL with enhanced scale and balance sheet flexibility","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"Purchase price of $24.75 per SECURE common share delivers immediate value to SECURE shareholders","length":96,"tagName":"p"}]},{"val":[{"type":"text","content":"Enhances potential for broader future equity index inclusion","length":60,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":594,"olType":false},{"type":"text","content":"MIAMI BEACH, FL and CALGARY, AB, April 13, 2026 /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL") and SECURE Waste Infrastructure Corp. ("SECURE") (TSX: SES) today announced that they have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which GFL has agreed to acquire all of the issued and outstanding common shares of SECURE for $24.75 per SECURE common share, representing an enterprise value of approximately $6.4 billion (the "Transaction"). The consideration for the Transaction will be satisfied through a combination of 80% in GFL subordinate voting shares and 20% in cash. The Transaction will be implemented through a plan of arrangement under the Business Corporations Act (Alberta).","length":776,"tagName":"p"},{"type":"image","alt":"GFL Environmental Inc. Logo (CNW Group/GFL Environmental Inc.)","displaySize":"","headline":null,"caption":"GFL Environmental Inc. Logo (CNW Group/GFL Environmental Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":207,"url":"https://media.zenfs.com/en/prnewswire.com/fbdcd3dcec237ab3d0b343d6989dc9e8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Q67clfK4xk7GZbs.9hRycg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM2NQ--/https...