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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
Simplify's Take
What believers are saying
- Western Canada densification from Secure Waste strengthens route density and cross-sell opportunities.
- Southern U.S. acquisitions like Frontier Waste improve operating leverage in dense markets.
- Debt markets remain open, supporting liquidity for continued acquisition-led growth.
What critics are saying
- Large acquisitions create integration risk and delayed synergy realization.
- Debt-funded expansion keeps leverage elevated and free cash flow under pressure.
- Municipal contract renewals expose GFL to aggressive local price competition.
What makes GFL unique
- Fourth-largest diversified environmental services company in North America.
- Pure-play solid waste operator after selling environmental services in 2025.
- Vertically integrated network spans collection, transfer, recycling, and disposal assets.
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Funding
Total Funding
$5B
Above
Industry Average
Funded Over
6 Rounds
Benefits
Health Insurance
401(k) Retirement Plan
Paid Holidays
Paid Vacation
Stock Price
Growth & Insights and Company News
6 month growth
↓ -11%1 year growth
↓ -11%2 year growth
↓ -11%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.
GFL Environmental Inc. has signed a deal to buy Secure Waste Infrastructure Corp. in an agreement that values the company at about $6.4 billion.
/PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the closing of the acquisition of Frontier Waste...
VAUGHAN, ON, Jan. 13, 2026 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the pricing of US$1 billion in aggregate principal amount of 5.500% senior notes due 2034 (the "Notes"), in a transaction that was significantly oversubscribed (the "Notes Offering"). The Notes will be issued by a U.S. wholly owned subsidiary of GFL and will be guaranteed by GFL and certain of its other subsidiaries.Following the successful execution of the Company's capital allocation strategy in 2025, GFL intends to use the proceeds from the Notes Offering to repay amounts drawn on its revolving credit facility and for general corporate purposes, with a view to maximizing its available liquidity to execute on its growth strategy in 2026 and beyond. The Notes Offering is expected to have an immaterial impact on the Company's borrowing rate and to be leverage neutral, consistent with the Company's commitment to maintain leverage in the low-to-mid 3.0x range."The successful pricing of these Notes demonstrates the continued support we have from our institutional debt investors," said Patrick Dovigi, Founder and Chief Executive Officer
/PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced the pricing of the previously announced secondary...
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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 225 Jobs on Simplify!
Find jobs on Simplify and start your career today