GFL Environmental Explores Take-Private as Buyout Firms Circle; Shares Jump 7%
- Bloomberg reported GFL Environmental — the U.S./Canada-listed waste-services firm — is weighing a take-private with preliminary interest from private-equity buyers; advisers have been engaged on a potential deal.
- Shares rose more than 7% on Friday; analysts flagged the company's ~$7.1 billion debt load and the need to secure founder/CEO Patrick Dovigi, likely via a rollover of his stake, as key hurdles.
- Environmental services are viewed as attractive LBO targets due to resilient cash flow and recurring revenue, putting GFL into a busy July M&A tape that already includes Jersey Mike's $12B+ IPO filing.