GFL Environmental Inc. Completes the Sale of its Environmental Services Business Valued at $8.0 Billion

Core Viewpoint - GFL Environmental Inc. has successfully completed the sale of its Environmental Services business for an enterprise value of $8.0 billion, retaining a $1.7 billion equity interest in the business [1]. Financial Summary - GFL plans to utilize up to $3.75 billion of the net proceeds from the transaction to repay debt, with up to $2.25 billion allocated for share repurchases, depending on market conditions, and the remaining funds for transaction fees and general corporate purposes [2]. Company Overview - GFL is headquartered in Vaughan, Ontario, and is recognized as the fourth largest diversified environmental services company in North America, providing solid waste management services across Canada and in over half of the U.S. states, employing more than 15,000 individuals [3].