GFL Said to Near Deal to Buy Secure Waste for Over $4.3 Billion
A GFL Environmental Inc. garbage truck at a transfer station in Toronto.
Photographer: Cole Burston/BloombergGFL Environmental Inc. is closing in on a deal to acquire Canada’s Secure Waste Infrastructure Corp. in a transaction valued at more than C$6 billion ($4.3 billion) including debt, according to a person familiar with the matter.
The deal is expected to be structured with roughly 20% cash and 80% stock, the person said, asking not to be identified discussing private information. The terms imply a valuation of around 11 times Secure Waste’s earnings before interest, taxes, depreciation and amortization.