PR Newswire
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.
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 & CompanyBrown 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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