GFL Environmental Inc. has entered into a definitive agreement to acquire a portfolio of solid waste management assets from a consortium of infrastructure funds managed by Macquarie Asset Management. The total enterprise value of the transaction is approximately $4.6 billion (USD).
The acquisition includes a network of collection, transfer, and disposal assets across ten U.S. states, primarily in the South and Midwest. The deal is expected to significantly expand GFL's footprint and service capabilities in these regions.
GFL stated that the transaction will be financed through a combination of cash on hand, drawings under its credit facilities, and the issuance of new equity. The company's legal advisor for the transaction is the law firm Stikeman Elliott LLP. The acquisition is subject to customary closing conditions, including regulatory approvals, and is anticipated to close in the second half of 2026.
This move consolidates GFL's position as one of the largest environmental services companies in North America. The company provides waste management, recycling, and soil remediation services.
