GFL Environmental Seeks IPO
Posted on 07/22/2019
Toronto-based GFL Environmental Inc. is North America’s fourth largest waste hauler. The company filed for an initial public offering (IPO), seeking to trade in both Canada and the United States. GFL Environmental seeks to raise roughly US$ 1.5 billion for its IPO, giving the company a US$ 15 billion valuation. Current shareholders of GFL Environmental include private equity firm BC Partners, GIC Private Limited, Ontario Teachers Pension Plan, and the Dovigi Group.
GFL Environmental reported an annual US$ 519 million loss on US$ 2.24 billion in annual revenue for the year ended March 31, 2019.