GFL's Take-Private Bidding War Heats Up as SECURE Deal Closes
Take-private bidding war intensifies Two competing private equity consortiums — KKR/Blackstone/Energy Capital and Brookfield/IFM — are bidding for GFL, with CEO Dovigi open to a higher offer and willing to roll his stake. This buyout interest supports a higher share price as investors anticipate a premium deal.
This is the latest and most concrete development in the ongoing take-private saga, directly lifting GFL's stock.
SECURE acquisition completed GFL closed its C$6.4 billion SECURE Waste acquisition, funded with shares, a revolver draw, and a new US$1 billion term loan. The deal expands GFL's platform in Western Canada and North Dakota, and management targets mid-3s leverage, which could support future growth.
This is a major completed event that changes GFL's business mix and financial profile, influencing its value.
Stock seen undervalued after FY2025 results FY2025 results showed revenue of CA$6.62 billion, EBITDA of CA$1.99 billion, and free cash flow of CA$755.9 million. Analysts' consensus target of CA$70.55 implies the stock is 17.6% undervalued, highlighting potential upside.
This provides a fundamental valuation anchor that supports the bullish case for GFL.