Tag #Gfl Environmental

What are the underlying causes of GFL's past financial challenges and how does the current strategy address these issues?

GFL's history of acquisitions, while driving rapid operating cash flow growth, also led to persistent losses due to high interest expenses. The sale of the environmental services division and subsequent debt reduction aim to mitigate this risk while allowing the company to continue its acquisition strategy. The departure of Ontario Teachers' Pension Plan's board representative reflects a decreasing stake in GFL.