GFL Environmental acquires OSI in major spin-off deal

In a significant move, GFL Environmental Services has acquired OSI, marking one of its first major deals since the spin-off. CEO Patrick Dovigi highlighted the acquisition at the WasteExpo 2025 investor summit in Las Vegas, emphasizing that the company plans to operate the environmental services business with a debt leverage of 5.5 to 6.0 times. This represents a higher debt burden compared to what GFL could manage as a publicly traded entity without facing investor scrutiny. Dovigi also noted that his level of involvement with the newly acquired asset remains consistent post-divestment.

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