PR Newswire·Nov 10, 2026, 6:45 AM ET

GFL Environmental Concludes Review of Unsolicited Inbound Proposals; Board Unanimously Reaffirms Strategy to Remain Public

GFL Environmental Inc. confirmed its Board of Directors rejected all unsolicited proposals to take the company private.
The Special Committee, composed entirely of independent directors, determined remaining a public company better serves long-term value creation for shareholders.
Dino Chiesa, Chair of the Special Committee, stated that proposed valuations did not reflect the full value of GFL's standalone strategy or superior risk-adjusted returns.
CEO Patrick Dovigi highlighted a clear path to achieving targeted adjusted EBITDA margin improvements & free cash flow conversion goals.
The company projects a doubling of free cash flow per share over the next five years due to an inflected free cash flow profile.
GFL will gain new capital allocation flexibility, including the ability to conduct robust M&A, organic growth investments, & recurring opportunistic share repurchases.
The Board remains open to considering future proposals if they recognize the intrinsic value of the Company.
GFL will facilitate potential acquisitions of stakes held by financial sponsor shareholders without affecting the company's public status.
GFL is the fourth largest diversified environmental services company in North America with over 17,000 employees across Canada & 19 U.S. states.