SECURE

SECURE

Waste management, energy transport, material recovery

Overview

SECURE provides environmental and energy infrastructure services in Western Canada and North Dakota, operating waste management facilities, industrial landfills, metal recycling sites, crude oil and water gathering pipelines, crude oil terminals, and storage facilities. It earns revenue from waste processing, transportation, and material recovery services, as well as from selling recovered materials. The company differentiates itself with a large, strategically located network that enables end-to-end handling of waste, liquids, and recovered materials across a regional footprint, helping customers reduce costs and improve netbacks. Its goal is to deliver value to customers and stakeholders while maintaining environmental stewardship and strong community responsibility.

Significant Headcount Growth

About SECURE

Simplify's Rating
Why SECURE is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Calgary, Canada

Founded

2007

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Simplify's Take

What believers are saying

  • Q2 2026 Adjusted EBITDA reached $129 million; guidance stays near $550 million.
  • GFL's $24.75 per-share deal values SECURE at $6.4 billion.
  • SECURE kept 2026 growth capital at $100 million for constrained Western Canadian projects.

What critics are saying

  • Competition Bureau review remains open on the GFL acquisition, with closing targeted for late 2026.
  • If regulators block GFL, SECURE loses the premium and strategic exit immediately.
  • Dependent on Western Canadian energy activity; drilling slowdowns hit waste and water volumes.

What makes SECURE unique

  • SECURE owns 75 facilities across Western Canada and North Dakota, anchoring dense industrial routes.
  • Its waste, water, and crude infrastructure directly boosts customer netbacks and logistics costs.
  • Metals recycling and gathering pipelines diversify revenue beyond landfill-only peers.

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Funding

Total Funding

$2.2B

Above

Industry Average

Funded Over

8 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Health Savings Account/Flexible Spending Account

Wellness Program

Employee Referral Bonus

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

5%

1 year growth

5%

2 year growth

5%
Business in Focus Magazine
May 1st, 2026
GFL to acquire Secure Waste for $6.4B, adding 80+ facilities across Western Canada

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.

Reuters
Apr 13th, 2026
GFL to buy Secure Waste in $4.63 billion deal to boost Western Canada presence

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.

CTV News
Apr 13th, 2026
Canada’s GFL environmental signs mammoth $6.4B deal for Secure Waste

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.

Secure Energy
Nov 17th, 2025
SECURE ANNOUNCES $300 MILLION SENIOR UNSECURED NOTE FINANCING

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES/ (All financial figures are in Canadian dollars unless otherwise noted) CALGARY, AB, Nov. 13,...

Newswire
May 13th, 2025
SECURE ANNOUNCES UPSIZE AND EXTENSION OF CREDIT FACILITY

/CNW/ - SECURE Waste Infrastructure Corp. ("SECURE" or the "Corporation"), a leading waste management and energy infrastructure company, is pleased to announce...

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