SEATTLE (Recycling Monster): Eveleth, Minnesota-based environmental services firm OSI Environmental announced that it has become part of GFL Environmental Services. Meanwhile, GFL representatives declined to comment on the transaction.

GFL views the transaction as its first since its environmental services business section was recently spun off. As a result of the spin-off, GFL currently holds a 44% interest in the business, with the option to buy it back after five years. The spin-off was launched to increase the division's earnings. With OSI on board, the business will make significant strides in accomplishing that objective.

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OSI, in its website, said that it has joined one of North America’s leading environmental service providers. Although the transaction may result in a change in the company’s name and look, it will continue to offer the same high-quality services to its customers as before, it added.

Founded in 1988, OSI Environmental operates 10 locations across Minnesota, Wisconsin, Indiana and Oklahoma. The company offers high quality used oil recycling, roll-off services, emergency spill response, hazardous waste management and other related services. OSI’s fleet comprises of more than 100 vehicles.