SECURE Waste Infrastructure to be acquired by GFL Environmental for C$6.4B
On April 13, 2026, SECURE Waste Infrastructure Corp. (“SECURE”) announced that it had entered into a definitive agreement under which GFL Environmental Inc. (“GFL”) will acquire all of the issued and outstanding common shares of SECURE for an enterprise value of approximately C$6.4 billion. The transaction will be implemented by way of a plan of arrangement under the Business Corporations Act (Alberta). Consideration will be paid through a combination of 80% GFL subordinate voting shares and 20% cash, subject to pro-ration. The transaction is expected to expand and densify GFL’s waste management footprint in Western Canada and to close in the second half of 2026, subject to the satisfaction of customary closing conditions.
SECURE is a Calgary-based waste management and energy infrastructure business operating a diversified platform across Western Canada and North Dakota, with a network of more than 80 locations, including landfills, waste treatment facilities, recycling facilities and injection wells.
GFL, headquartered in Florida, provides solid waste management services from its platform of facilities throughout Canada and 18 U.S. states.
McCarthy Tétrault LLP is advising SECURE with a team led by John Piasta that includes Alyson Goldman, Robert Hansen, Jonathan Brisebois, Jack Schroder, Farhiyah Shariff, Ty Buhler, Curtis Chance, Kayla Ellison, Rhea Evans, Conrad Parken, Bryce Safton, Ashley Wilson (Business Law), Jade Buchanan (Cyber/Data), Amy Fong, Karen Chow (Intellectual Property), John Gilmore (Labour & Employment), Erica Hennessey, Brett Anderson, Matthew Kraemer, Abbey Kind, Tyler Warchola (Tax), Sean S. Smyth, Kyle R. McMillan (Litigation), Joseph R. Palin, Trevor Morawski (Financial Services), and Gajan Sathananthan (International Trade & Investments).
