BGL Announces the Sale of Frontier Waste Solutions to GFL Environmental

Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the sale of Frontier Waste Solutions (Frontier), a vertically integrated network of solid waste assets and portfolio company of Concentric Equity Partners and Summer Street Capital Partners, to GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (GFL), the fourth-largest diversified environmental services company in North America. BGL's Environmental Services investment banking team served as lead financial advisor to Frontier in the transaction. The specific terms of the transaction were not disclosed.

Founded in 2017, Frontier is a leading vertically integrated solid waste and recycling company providing full-service waste capabilities to commercial, residential, municipal, and industrial customers across the largest population centers in Texas. Frontier has established itself as one of the largest independent solid waste businesses in the U.S. serving over 460,000 customers across communities stretching from Texoma in North Texas, through Dallas-Fort Worth, Austin, and San Antonio to Corpus Christi and Houston with a fleet of 665 vehicles across 24 locations.

GFL is the fourth largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a workforce of more than 15,000 employees across its organization.

About BGL's Environmental Services Investment Banking Team

BGL's Environmental Services investment banking team has been ranked #1 in Environmental Services transaction volume in North America since 2016, according to Pitchbook.com. Our Environmental team focuses on businesses that perform essential services to the waste processing & disposal, water & wastewater treatment, waste-to-value, and waste-to-energy markets.

To learn more about BGL's other recent transactions in environmental services M&A, visit our Transactions page.