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Announced

GFL Environmental to acquire Sprint Waste Services for $625m.

Financials

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Transaction Value£501m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Pending

Majority

Single Bidder

Acquisition

solid waste assets

Friendly

Private

United States

Waste and Disposal Services

Synopsis

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GFL Environmental, a North American diversified environmental services company, agreed to acquire Sprint Waste Services, a vertically integrated network of solid waste assets across 14 sites in Texas and two sites in Louisiana, for $625m. "We continue to demonstrate our ability to successfully execute on our growth strategy of pursuing strategic and accretive acquisitions. The acquisition of Sprint Waste provides us with a unique opportunity to acquire a vertically integrated, complementary set of assets, while further densifying our solid waste footprint within the Southern United States. We are excited to welcome the over 500 Sprint Waste employees to the GFL family," Patrick Dovigi, GFL Founder and CEO.

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