GFL Environmental Completes $8 Billion Sale of Services Business

GFL Environmental Inc. has finalized the sale of its Environmental Services business for an enterprise value of $8 billion, retaining a $1.7 billion equity interest. The company plans to allocate $3.75 billion of the proceeds to reduce its debt and up to $2.25 billion for share repurchases, subject to market conditions. This transaction is part of GFL's broader strategy to enhance its financial position and shareholder value while focusing on solid waste management. CEO Patrick Dovigi emphasized the company's commitment to vertical integration in the U.S. market and the importance of this deal in executing their three-year growth plan. GFL, now operating as a