SEATTLE (Recycling Monster): GFL Environmental Inc. has entered into a definitive agreement to acquire SECURE Waste Infrastructure Corp. in a deal valued at approximately $6.4 billion, marking a major expansion of its waste management operations across North America.

Under the terms, GFL will purchase all outstanding SECURE shares at $24.75 per share. SECURE operates a diversified and vertically integrated waste management platform across Western Canada and North Dakota, with more than 80 facilities, including landfills, treatment and recycling centers, injection wells, and transfer stations.

GFL Founder and CEO Patrick Dovigi said the acquisition will significantly enhance the company’s scale and strengthen its ability to deliver comprehensive waste management services. The deal is also expected to boost financial performance, including higher margins and improved free cash flow.

SECURE Chairman Mick Dilger noted that the transaction delivers immediate value to shareholders, who will retain a 16% stake in the combined entity. Meanwhile, SECURE CEO Allen Gransch emphasized the strategic fit and long-term growth potential.

The combined platform is expected to unlock operational synergies and expand market reach.

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