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GFL Environmental Completes Previously Announced Spin-off of GFL Infrastructure Group to Create Green Infrastructure Partners

Newswire.ca - Mon Apr 25, 5:30AM CDT

VAUGHAN, ON, April 25, 2022 /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL", "we" or "our") has completed its previously announced spin-off of GFL Infrastructure Group Inc. ("GFL Infrastructure") to create Green Infrastructure Partners Inc. ("GIP"), a leading Canadian provider of vertically integrated infrastructure services. Immediately following the acquisition of GFL Infrastructure, GIP acquired Coco Paving, Inc. and its affiliates (collectively, "Coco"). Coco has operations across Ontario, Quebec, Manitoba and Saskatchewan that include access to over 250 aggregate sites, 33 asphalt plants, eight concrete plants and one of Canada's largest asphalt cement terminals. On a combined basis, GIP is expected to generate annualized revenue in excess of C$1.1 billion.

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