Canada's GFL to buy Secure Waste in $4.63 billion deal (updated)

GFL Environmental

13/04/2026 12:38

Corrects paragraph 3 to say that the deal will be funded with a mix of cash and stock, not just cash

April 13 (Reuters) - Waste management firm GFL Environmental GFL.TO said on Monday it had agreed to acquire Canadian peer Secure Waste Infrastructure SES.TO in a deal worth about C$6.4 billion ($4.63 billion), including debt.

        U.S.-listed shares of GFL were down 2.5% in premarket trading.

        GFL will acquire all outstanding common shares of Secure Waste for $24.75 apiece through a combination of cash and stock.

Last year, GFL sold its environmental services division to Apollo and BC Partners in a $5.6 billion deal.

Secure Waste operates in Western Canada and North Dakota with 12 landfills, 55 waste treatment facilities, 12 recycling facilities, 98 injection wells and 5 transfer stations.

($1 = 1.3836 Canadian dollars)

 (Reporting by Anshuman Tripathy in Bengaluru; Editing by Leroy Leo)

 ((Anshuman.Tripathy@thomsonreuters.com;))