Brown Gibbons Lang & Company has sold Sprint Waste Services, LP to GFL Environmental Inc. (NYSE: GFL; TSX: GFL). BGL's Environmental & Industrial Services investment banking team served as the exclusive financial advisor to Sprint in the transaction. Specific terms of the transaction were not disclosed.
BGL's Environmental & Industrial Services team served as the exclusive financial advisor to Sprint in the transaction.
Headquartered in Sugar Land, Texas, Sprint is a premier, vertically integrated waste management solutions provider operating via a network of 16 sites, including two C&D landfills, across Texas and Louisiana. Sprint's comprehensive suite of specialized service solutions, supported by a fleet of more than 400 vehicles and 8,000 rental containers, coupled with an integrated facility network enables the company to deliver end-to-end waste and environmental solutions. Sprint's integrated service model, best-in-class safety performance, vast regional resources, and commitment to service excellence have helped to establish Sprint as a valued strategic partner to a diverse base of industrial and commercial customers.
GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of solid waste management, liquid waste management, and soil remediation services through its platform of facilities throughout Canada and more than half of the United States. This transaction allows GFL to acquire a vertically integrated, complementary asset base and further expand its solid waste footprint in the Southern United States.