Apollo, BC Partners Near Deal for $5.6 Billion GFL Environmental Services Unit
BC Partners agreed to acquire a controlling stake in GFL Environmental Inc.’s environmental services unit, in a deal that values the business at C$8 billion ($5.6 billion) including debt.The consortium is set to buy a 56% stake in the business,
GFL sells environmental services unit to pay down debt, but deal complicates end goal
The waste management giant can use cash proceeds from the sale to Apollo and BC Partners to pay down its existing debt, but the complex transaction will add new debt
Canada's GFL to sell environmental services business in $5.6 billion deal
GFL Environmental will sell its environmental services division to Apollo Global Management and BC Partners in a deal valued at C$8 billion ($5.59 billion), the Canadian waste management company said on Tuesday.
GFL Environmental selling majority stake in environmental services business
Under the transaction, Apollo Funds and BC Funds will each hold a 28 per cent stake in the business, while GFL will retain a 44 per cent interest.
GFL Environmental to sell majority of Environmental Services business for $6.2B
GFL Environmental (GFL) announced that it has entered into a definitive agreement with funds managed by affiliates of Apollo (APO) and BC
GFL Environmental to Sell Environmental Services Business in $5.6 Billion Deal
The Canadian company will retain an equity interest as part of a deal with funds managed by affiliates of Apollo and BC Partners.
Environmental and Facilities Services Q3 Earnings: Aris Water (NYSE:ARIS) is the Best in the Biz
Earnings results often indicate what direction a company will take in the months ahead. With Q3 behind us, let’s have a look ...
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CR&R Environmental Services Announces Recent Data Breach Affecting Nearly 10,000 People
CR&R Incorporated d/b/a CR&R Environmental Services (“CR&R”) filed a notice of data breach with the Attorney General of ...