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Stock impact report

GFL Environmental Announces Densification of Southern US Footprint with the Acquisition of Frontier Waste Solutions and Provides an update on year-to-date M&A activity [Yahoo! Finance]

GFL Environmental Inc. Subordinate voting shares, no par value (GFL) 
Company Research Source: Yahoo! Finance
acquisition of Frontier Waste Solutions ("Frontier"), a vertically integrated network of solid waste assets across 24 sites in Texas. The Frontier assets are supported by a fleet of over 650 vehicles and nearly 1,000 employees. GFL Environmental Inc. Logo (CNW Group/GFL Environmental Inc.) "We have admired watching Frontier grow into a leading regional business under CEO John Gustafson's leadership," said Patrick Dovigi, Founder and Chief Executive Officer of GFL. "John and the other Frontier shareholders have rolled US$100 million of transaction proceeds into GFL shares, a testament to their belief in the future value creation opportunities of the combined businesses. We are excited that John and Frontier's other senior management will continue to lead the business going forward as both employees and shareholders of GFL." Mr. Dovigi added, "The acquisition of Frontier provides a highly complementary set of assets that densifies our footprint and strengthens our presence in the Show less Read more
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