GFL Environmental Inc. announced the closing of the acquisition of Frontier 91²Ö¿â Solutions, a vertically integrated network of solid waste assets across 24 sites in Texas. The Frontier assets are supported by a fleet of over 650 vehicles and nearly 1,000 employees.
“We have admired watching Frontier grow into a leading regional business under CEO John Gustafson’s leadership,” said Patrick Dovigi, Founder and Chief Executive Officer of GFL. “John and the other Frontier shareholders have rolled US$100 million of transaction proceeds into GFL shares, a testament to their belief in the future value creation opportunities of the combined businesses. We are excited that John and Frontier’s other senior management will continue to lead the business going forward as both employees and shareholders of GFL.”
Dovigi added, “The acquisition of Frontier provides a highly complementary set of assets that densifies our footprint and strengthens our presence in the Texas Triangle, one of the fastest growing regions in the United States. The favorable market dynamics in this region combined with deep expertise of the Frontier management team are expected to drive outsized revenue growth over the coming years. The acquisition also enhances our ability to deliver reliable, essential services to the communities that we serve in this market.”