Secure - GFL Transaction

On April 13, 2026, GFL Environmental Inc. announced an agreement to acquire all of the issued and outstanding common shares of SECURE through a combination of GFL subordinate voting shares and cash.

The transaction will combine SECURE’s hard-to-replicate infrastructure network with GFL’s broader platform, strengthening GFL’s ability to capture additional waste streams across the value chain and continue executing on its growth strategy.

Upon closing of the transaction, SECURE shareholders are expected to retain an approximate 16% ownership interest in the combined company, providing continued participation in the future growth and value creation opportunities of the combined business.

Transaction Status

The transaction was approved by SECURE shareholders at a special meeting held on May 27, 2026.

View the meeting recording

SECURE’s application to the Court of King’s Bench of Alberta for a final order approving the transaction is expected to take place on May 28, 2026.

The transaction remains subject to customary closing conditions and receipt of all required regulatory approvals, including Competition Act approval. The transaction is expected to close in the second half of 2026.