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M&A
GFL Environmental acquires Angelo's Recycled Materials
Waste Recovery & Management Tech
Apr 3, 2024
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Waste Recovery & Management Tech

Waste Recovery & Management Tech

Apr 3, 2024

GFL Environmental acquires Angelo's Recycled Materials

M&A

  • GFL Environmental Inc., a solid and liquid waste management company, has acquired Angelo's Recycled Materials, a Florida-based recycling company.

  • The acquisition was part of its strategic expansion in the Southeast US, which included several transfer stations and a C&D landfill in Dade City, Florida, and aligns with GFL’s ongoing debt deleveraging campaign as it seeks to build investor confidence.

  • Angelo's Recycled Materials, which was established in the 1950s, operates seven facilities across multiple counties in central Florida. The company offers numerous services, including roll-off dumpster service, asbestos disposal, and tire disposal. The company operates a Class III C&D landfill in Dade City, Pasco County, and received an air permit in 2022. The incinerator is capable of processing 30 tons of wood waste per hour.

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