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0 0 0.00653163950143818 0.00653163950143818 0.0324784276126559 0.0383509108341323 0.0421860019175457 0.043863854266539
Stock impact report

GFL buys large Texas hauler Frontier Waste from private equity firms [Yahoo! Finance]

GFL Environmental Inc. Subordinate voting shares, no par value (GFL) 
Company Research Source: Yahoo! Finance
Dive Brief: GFL Environmental announced the acquisition of Dallas-based Frontier Waste Solutions on Wednesday. Financial terms were not disclosed. Frontier has nearly 1,000 employees and an estimated 650 vehicles across 24 locations in the state. The company also comes with a C&D landfill and other assets. Frontier CEO John Gustafson and others invested approximately $100 million of transaction proceeds into GFL. “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,” said CEO Patrick Dovigi in a statement. Dive Insight: This transaction is one of GFL's larger deals in recent years, following a period of focusing more on tuck-ins and mid-sized transactions. It notably densifies the company's position in Texas, which previously included about a dozen hauling locations and three landfills Bloomberg, citing a person familiar with the transaction, estimated the deal was worth Show less Read more
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