According to Bloomberg, the company is talking to advisors about a potential deal, which would be one of the biggest in the industry. It has received bids from some of the potential buyout companies.
GFL, which is listed in New York and Toronto, has a market capitalization of over $14.5 billion and carries $7.1 billion in debt. That debt may make bring challenges to a potential deal. Also, the potential buyer may need to convince Patrick Dovigi, its CEO and founder, to roll over his stake.
The most recent results showed that its revenue rose by 5.4% in the first quarter to $1.64 billion, with its EBITDA rising by 12.3% to $478 million. Still, it made a ner loss of over $219 million because of its foreign exchange losses, depreciation, and high interest expenses.
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