GFL Environmental Inc. is buying Sprint Waste Services.
The company has solid waste assets across 14 sites in Texas and two sites in Louisiana, including two C&D landfills in the Greater Houston Area. It operates a fleet of over 400 vehicles and has more than 500 employees.
“The acquisition of Sprint Waste provides us with a unique opportunity to acquire a vertically integrated, complementary set of assets, while further densifying our solid waste footprint within the Southern United States. We are excited to welcome the over 500 Sprint Waste employees to the GFL family,” said Patrick Dovigi, GFL founder and CEO.
Sprint Waste has operated a regional platform for over 15 years under the ownership of Joseph Swinbank and his family. Swinbank and his sons, Will and Reagan Swinbank, will continue to support the business as consultants and shareholders of GFL.
Since the start of the year GFL has made 20 acquisitions, which are expected to contribute approximately $300 million in aggregate annualized revenue. Dovigi called them largely “small tuck-in acquisitions”, which he said are “densifying” GFL’s footprint.
The company is financing its acquisitions through the sale of assets and the spin-off of GFL Infrastructure Group to Green Infrastructure Partners.