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June 14, 2023

BGL Advises GFL Environmental on Divestiture of Non-Core Assets

Brown Gibbons Lang & Company (BGL) is pleased to announce the divestiture of three distinct solid waste operations of GFL Environmental Inc. (NYSE: GFL) (TSX: GFL), the fourth-largest diversified environmental services company in North America, for an aggregate enterprise value of approximately C$1.6 billion. The divestiture of GFL’s Central Region solid waste operations and Nashville, TN operations have been completed in two separate transactions; the Eastern region divestiture has received clearance from the U.S. Department of Justice and is scheduled to close on June 30, 2023. BGL’s Environmental & Industrial Services investment banking team served as the financial advisor to GFL in each of the three transactions.

Headquartered in Vaughan, Ontario, GFL Environmental, Inc. (GFL) is a leading North American diversified environmental services company providing a comprehensive line of solid waste management, liquid waste management, and soil remediation services through its platform of facilities throughout Canada and more than half of the United States. Across its organization, GFL has a workforce of more than 20,000 employees.

BGL’s Environmental & Industrial Services (EIS) investment banking team has been a leader in the North American market in Environmental Services transaction volume for more than eight years, according to Our EIS team focuses on businesses that perform essential services to the commercial, industrial, infrastructure, power and energy, and municipal markets. The team has executed numerous transactions related to a broad range of industrial and environmental investments and have developed significant expertise in many subsectors, including sustainability, waste and recycling, environmental and industrial field services, infrastructure services, and commercial services.