CLEVELAND, May 3, 2022
/PRNewswire/ -- Brown Gibbons Lang & Company (BGL) is
pleased to announce the sale of Sprint Waste Services, LP (Sprint)
to GFL Environmental Inc. (NYSE: GFL; TSX: GFL). BGL's
Environmental & Industrial Services investment banking team
served as the exclusive financial advisor to Sprint in the
transaction. Specific terms of the transaction were not
disclosed.
BGL's Environmental & Industrial
Services team served as the exclusive financial advisor to Sprint
in the transaction.
Headquartered in Sugar Land,
Texas, Sprint is a premier, vertically integrated waste
management solutions provider operating via a network of 16 sites,
including two C&D landfills, across Texas and Louisiana. Sprint's comprehensive suite of
specialized service solutions, supported by a fleet of more than
400 vehicles and 8,000 rental containers, coupled with an
integrated facility network enables the company to deliver
end-to-end waste and environmental solutions. Sprint's integrated
service model, best-in-class safety performance, vast regional
resources, and commitment to service excellence have helped to
establish Sprint as a valued strategic partner to a diverse base of
industrial and commercial customers.
GFL, headquartered in Vaughan,
Ontario, is the fourth largest diversified environmental
services company in North America,
providing a comprehensive line of solid waste management, liquid
waste management, and soil remediation services through its
platform of facilities throughout Canada and more than half of the United States. This transaction allows GFL
to acquire a vertically integrated, complementary asset base and
further expand its solid waste footprint in the Southern United States.
About Brown Gibbons Lang &
Company
Brown Gibbons Lang & Company (BGL) is a leading independent
investment bank and financial advisory firm focused on the global
middle market. The firm advises private and public corporations and
private equity groups on mergers and acquisitions, capital
markets, financial restructurings, business valuations
and opinions, and other strategic matters. BGL has
investment banking offices in Chicago, Cleveland, and Philadelphia, and real estate offices in
Chicago, Cleveland, and San
Antonio. The firm is also a founding member of Global
M&A Partners, enabling BGL to service clients in more than 30
countries around the world. Securities transactions are conducted
through Brown, Gibbons, Lang & Company Securities, LLC, an
affiliate of Brown Gibbons Lang & Company LLC and a registered
broker-dealer and member of FINRA and SIPC. For more information,
please visit www.bglco.com.
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SOURCE Brown Gibbons Lang & Company