HPS-backed GFL Environmental completed the acquisition WCA Waste from Macquarie Group for $1.2bn.

HPS Investment Partners-backed GFL Environmental, a North American diversified environmental services company, completed the acquisition of WCA Waste, which provides non-hazardous solid waste management services, from Macquarie Group, a multinational independent investment bank, for $1.2bn. "We continue to deliver on our goal of pursuing strategic and accretive acquisitions to grow our business. The WCA transaction, which we have been working on for over a year, is another example of this commitment. The high quality, vertically integrated network of assets, together with our recently announced acquisition of certain divestiture assets resulting from the Waste Management and ADS transaction, will complement our existing footprint and provide us with the runway to further expand in the US through tuck-in acquisitions and providing our suite of environmental services solutions to new customers. We are excited to welcome almost 1.6k employees of WCA to the GFL family," Patrick Dovigi, GFL Founder and CEO.