Environmental protection giant GFL (GFL.US) plans to acquire Canada's Secure for 6 billion Canadian dollars, further expanding its presence in the industrial waste management market.

According to sources familiar with the matter, GFL Environmental Inc. (GFL.US) is reportedly set to acquire Secure Waste Infrastructure Corp., in a deal worth over 6 billion Canadian dollars (approximately 4.3 billion US dollars) including debt. The proposed deal structure is said to be around 20% cash and 80% stock, valuing Secure at 11 times its earnings before interest, taxes, depreciation, and amortization (EBITDA). The implied offer price of approximately 24.50 Canadian dollars per share represents a 15% premium to recent trading levels. However, negotiations are still ongoing and final terms may change. If the transaction goes through, this acquisition will significantly deepen GFL's business presence in Western Canada and expand its industrial and energy-related waste management services. Secure's shareholders would hold around 15% of the merged company. Under the leadership of CEO Patrick Dovigi, GFL has achieved rapid growth through an aggressive acquisition strategy, doubling its market value over the past six years. Secure, based in Calgary, derives most of its profits from waste management, with the remainder related to energy infrastructure such as pipelines and tanks. GFL sees this deal as strategically complementary, offering potential cost efficiencies and cross-selling opportunities. Prior to this, GFL had recently reached an agreement to acquire Frontier Waste Solutions, based in Texas, for approximately 9 billion US dollars. At present, the companies involved have not made any public comments and there is no guarantee that the deal will ultimately be completed.