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GFL Environmental Inc. has acquired Fielding Environmental, with Cleveland-based Brown Gibbons Lang & Co. (BGL) announcing the sale Thursday.
BGL's Environmental Infrastructure and Services investment banking team served as the exclusive financial advisor to Fielding in the transaction.
RELATED: GFL advances growth through acquisition
Fielding, headquartered in Mississauga, Ontario, is a fully integrated environmental solutions provider with differentiated liquid waste and gas processing, recycling and disposal capabilities. Fielding's differentiated capabilities and ability to manage complex waste streams make it a single-source solutions provider to a diverse group of environmental, chemical, manufacturing and other hazardous and nonhazardous waste generators.
GFL, a Vaughan, Ontario-based environmental services provider, supplies a comprehensive line of solid waste management, liquid waste management and soil remediation services via its network of facilities and service centers located across Canada and the United States.
RELATED: GFL urged to go private by institutional investor
BGL says the acquisition of Fielding's specialized processing capabilities and Part B permit will allow for the realization of material internalization and organic cross-selling growth opportunities within GFL's existing environmental services network. Fielding's location in the greater Toronto area serves as a significant catalyst for GFL's prospective growth, the company says.
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