GFL selling environmental services division to Apollo, BC …
2 days ago · The company reported $508.7 million in revenue from its environmental services division in the third quarter of 2024, its most recent quarterly filing. It reported $1.45 billion in revenue through ...
GFL Environmental Inc. Announces Agreement to Sell Environmental …
3 days ago · GFL will retain a $1.7 billion equity interest in the Environmental Services business and expects to realize cash proceeds from the Transaction of approximately $6.2 billion net of the retained ...
GFL Environmental Inc. Announces Agreement to Sell Environmental …
1 day ago · GFL Environmental Inc. announced that it has entered into a definitive agreement with funds managed by affiliates of Apollo and BC Partners for the sale of its Environmental Services business for an enterprise value of $8.0 billion. GFL will retain a $1.7 billion equity interest in the Environmental ...
GFL sells environmental services unit to pay down debt, but deal ...
2 days ago · After the transaction closes, the environmental services business will have a debt load – excluding the PIK note – that amounts to 5.5-to-six times its earnings before interest, taxes ...
GFL forecasts at least $4.3B from environmental services sale ...
Nov 7, 2024 · The sale of environmental services is expected to lower GFL’s debt significantly to the 3x to 3.5x range, where Dovigi said the company plans to stay moving forward. Its debt reduction strategy allowed the company to raise its first industrial revenue bond in …
GFL Environmental to Sell Environmental Services Business in …
2 days ago · GFL Environmental has reached an agreement to sell its environmental services business in a deal valued at 8 billion Canadian dollars, equivalent to about $5.59 billion, though it would retain an ...
GFL to Divest Environmental Services Division at $8 Billion Value
2 days ago · GFL Environmental will retain a 44 percent, or $1.7 billion equity stake, in its Environmental Services division while securing approximately $6.2 billion in cash proceeds from the transaction ...
Environment News Service
WASHINGTON, DC, November 20, 2024, (ENS) – The U.S. Environmental Protection Agency today launched a new, no-cost technical assistance effort focused on reducing exposure to perfluoroalkyl and ...
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GFL CEO intends to kick-start solid waste M&A spending in ‘2025 …
3 days ago · GFL will continue to benefit from owning a stake in the environmental services business, which Dovigi expects will grow more quickly via a private equity model. He said that could hypothetically yield a return on GFL’s investment of at least $3.4 billion in five years. GFL also has the option to buy back its full stake within that time frame.