BC Partners and OTPP-backed GFL to buy Waste Industries for $3.65 bln
GFL Environmental Inc, a Toronto-based environmental services provider, has agreed to acquire Waste Industries, a Raleigh, North Carolina-based solid waste management company. The deal, expected to close in Q4 2018, values Waste Industries at about $3.65 billion. Waste Industries will be merged with GFL’s solid waste operations. The combined business, which will be led by GFL President and CEO Patrick Dovigi, will be the largest privately owned environmental services provider in North America, the companies said. Earlier in 2018, GFL was recapitalized by a consortium led by BC Partners and Ontario Teachers’ Pension Plan, valuing it at $5.13 billion.
10 October 2018•7 mins read
