GFL Environmental Said to Near Buyout of Texas Waste Management Firm

Waste management company GFL Environmental Inc. is close to a deal to acquire Frontier Waste Solutions, which manages dozens of sites in Texas, according to a person familiar with the matter.

The transaction would be worth about $900 million, the person said, speaking on condition they not be identified because the matter is still private. Some Frontier shareholders will take GFL shares as part of the deal, the person said.