GFL Environmental completed the acquisition of Heartland used motor oil collection and recycling business from Vertex Energy for $90m.

GFL Environmental, a waste management company, completed the acquisition of Heartland used motor oil collection and recycling business from Vertex Energy, an energy transition company focused on the production and distribution of conventional and alternative fuels, for $90m. "We believe that the divestiture of our used motor oil business at Heartland, while a significant element of our Company’s history and roots, will reflect another step forward in the greater transformation of our business into an energy transition story of scale. We expect that this transaction will serve us well by enabling the improvement of our balance sheet health, while adding strategic value through the streamlining of our operations. We remain highly focused on the execution of our conventional fuels refining strategy and the development of a large-scale, sustainable fuels production business longer-term. Make no mistake, we are committed to our remaining legacy business, coupled with our new investments in the Mobile refinery and the Gulf Coast, a key pathway to our greater energy transition strategy," Benjamin P. Cowart, Vertex President and CEO.