The waste management giant said that acquiring Secure—which has 80 locations and over 2,000 employees—will strengthen its footprint in Western Canada and North Dakota. GFL was founded in Ontario, where its executives still reside, but moved its headquarters to Miami in January. (The Logic)

Talking point: GFL has been mulling a deal since 2023, having watched Secure hold its own against one of GFL’s biggest competitors, Waste Connections. It’s part of a larger plan to spend another $1 billion over the next two years, or nearly $2.5 billion over the next four years on M&A, organic growth projects, share buybacks and dividends, GFL’s chief financial officer Luke Pelosi said on a conference call. About $400 million to $500 million of it will be spent on small M&A deals this year. Secure would be delisted from the TSX if the deal gets shareholder and regulatory approval. The deal spree comes as GFL is also managing fallout from a string of crime incidents targeting the company and its executives. Secure’s shares rose over five per cent on Monday.