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Overview
GFL Environmental is a North American waste services company with vertically integrated operations that collect, haul, transfer, recycle, and dispose of waste. It owns and runs a network of transfer stations, material recovery facilities, landfills, and liquid-waste treatment plants to control processes and costs. Revenue comes from municipal, commercial, and industrial service contracts, tipping fees, and sales of recovered recyclables; solid waste is the largest segment, with liquid waste management also serving hazardous and non-hazardous materials, and soil remediation was divested in 2025 to focus on core activities. The company grows by acquiring other companies to build market density across Canada and the United States, and its goal is to provide reliable, cost-efficient waste services at scale while reducing debt and expanding its solid waste footprint.
About GFL
Industries
Industrial & Manufacturing
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Vaughan, Canada
Founded
2000
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Simplify's Take
What believers are saying
- GFL raised 2026 guidance twice, targeting $7.51 billion revenue and $900 million FCF.
- Second-quarter 2026 revenue rose 16.3%, with Canada margins hitting a record 34%.
- Management completed $3.0 billion of repurchases and increased the quarterly dividend 10%.
What critics are saying
- SECURE still awaits Competition Bureau approval, delaying synergy and leverage reduction.
- Long-term debt reached $9.6 billion in June 2026, keeping refinancing pressure elevated.
- Bloomberg reported 2026 take-private interest; a failed process leaves valuation vulnerable.
What makes GFL unique
- GFL’s 2026 SECURE deal adds 80+ facilities and densifies Western Canada.
- Its vertically integrated landfill, transfer, recycling, and liquid-waste network creates pricing control.
- OPAL Fuels RNG projects at Georgia and Alabama landfills monetize methane and haulage.
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Funding
Total Funding
$5.7B
Above
Industry Average
Funded Over
7 Rounds
Benefits
Health Insurance
401(k) Retirement Plan
Paid Holidays
Paid Vacation
Stock Price
Growth & Insights and Company News
6 month growth
↑ 26%1 year growth
↑ 26%2 year growth
↑ 26%GFL Environmental has priced a $750 million senior notes offering to enhance liquidity and support its growth initiatives, including recent acquisitions.
OPAL Fuels and GFL Environmental have begun construction on two renewable natural gas facilities at landfills in Georgia and Alabama. The projects will convert landfill methane into approximately 15 million gasoline gallon equivalents of RNG annually, enough to fuel roughly 800 Class 8 trucks. The expansion deepens GFL's partnership with OPAL Fuels in decarbonising transportation and building RNG infrastructure. However, the development doesn't substantially alter GFL's near-term investment narrative, which remains focused on integrating past acquisitions, managing high leverage and delivering on 2026 revenue guidance. GFL recently authorised share buybacks of up to 34.7 million shares and increased its dividend by 10%. Analysts project the company's revenue could reach CA$8.6 billion by 2029, implying 8.8% annual growth.
RWT Capital, a leading Canadian mid-market M&A firm, advised on the sale of Alberta oil and gas services provider H2Oil Energy to GFL Environmental.
GFL Environmental has agreed to acquire Secure Waste Infrastructure for $6.4 billion, expanding its presence in Western Canada and North Dakota. The deal includes over 80 locations comprising 12 landfills, 55 waste treatment facilities, 12 recycling facilities, 98 injection wells and five transfer stations. Secure shareholders can choose $24.75 in cash, 0.4195 GFL subordinate voting shares, or a combination for each share held. Cash payments are capped at 20% of the total consideration, with GFL shares limited to 80%. GFL founder and CEO Patrick Dovigi said the acquisition will densify the company's Western Canada footprint and enhance its ability to offer comprehensive waste management services. The transaction requires shareholder approval and is expected to close in the second half of 2025.
Canadian waste management firm GFL Environmental said on Monday it would buy peer Secure Waste Infrastructure in a deal worth about C$6.4 billion ($4.63 billion), including debt, as it looks to deepen its presence in Western Canada.
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About GFL
Industries
Industrial & Manufacturing
Company Size
5,001-10,000
Company Stage
IPO
Headquarters
Vaughan, Canada
Founded
2000
GFL is Hiring for 661 Jobs on Simplify!
Find jobs on Simplify and start your career today