GFL Environmental and SECURE Waste Infrastructure announce acquisition by GFL, further expanding and densifying GFL's Western Canadian footprint

Unique opportunity to acquire a leading waste management provider in Western Canada Immediately accretive, increasing Adjusted Free Cash Flow (1) per share by 12% to 15% Highly attractive financial profile, increasing Adjusted EBITDA margin (1) to 31.6% and Adjusted Free Cash Flow (1) conversion to between 40.5% and 42.5% on a pro forma basis Net Leverage (1) neutral acquisition providing GFL with enhanced scale and balance sheet flexibility Purchase price of $24.75 per SECURE common share delivers immediate value to SECURE shareholders Enhances potential for broader future equity index inclusion MIAMI BEACH, FL and CALGARY, AB, April 13, 2026 /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL") and SECURE Waste Infrastructure Corp. ("SECURE") (TSX: SES) today announced that they have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which GFL has agreed to acquire all of the issued and outstanding common shares of SECURE for $24.75 per SECURE common share, representing an enterprise value of approximately $6.4 billion (the "Transaction"). The consideration for the Transaction will be satisfied through a combination of 80% in GFL subordinate voting shares and 20% in cash.