BGL Announces the Sale of GFL's Environmental Services Business Valued at $8 Billion
- Editor
- Mar 3
- 1 min read
Whats Happening:
GFL Environmental Inc., North America's fourth-largest diversified environmental services company, has sold its Environmental Services business to funds managed by Apollo and BC Partners for $8 billion. Brown Gibbons Lang & Company (BGL) served as GFL's financial advisor in the transaction. The sale allows GFL to accelerate its balance sheet deleveraging, deploy capital for growth initiatives and M&A, and return capital to shareholders.
Key Moves:
GFL Environmental sells Environmental Services business for $8 billion
Apollo Funds and BC Funds each acquire 28% equity stake
GFL retains 44% equity interest in the sold business
By The Numbers:
$8 billion: Enterprise value of the sold Environmental Services business
$2.25 billion: Available for GFL share repurchases
15,000+: GFL's workforce across North America
Bottom Line:
The $8 billion sale of GFL Environmental's Environmental Services business marks a significant transaction in the environmental services sector. This deal allows GFL to strengthen its financial position, pursue growth opportunities, and enhance shareholder value while maintaining a substantial stake in the sold business. The involvement of major private equity firms Apollo and BC Partners underscores the attractiveness of the environmental services market.
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