Sidley is representing funds managed by affiliates of Apollo (the Apollo Funds) in the acquisition of the Environmental Services business of GFL Environmental Inc. (GFL). The Apollo Funds will acquire the Environmental Services business, valued at CA$8 billion, alongside BC Partners (the BC Funds). GFL Environmental Services is a leading North American provider of industrial and waste management services.
Under the terms of the transaction agreements, GFL will retain a 44% equity interest in the Environmental Services business and the Apollo Funds and BC Funds will each hold a 28% equity interest. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions.
The Sidley team is being led by Gerald Brant, John Godfrey, and Jeffrey L. Kochian (M&A and Private Equity) and includes Erika T. Cohen (M&A and Private Equity); Nicholas M. Schwartz and Alena Q. Thomas (Global Finance); Rachel D. Kleinberg and Andy J. Lau (Tax); Lauren A. Gallagher and Karim S. Pirani (Employee Benefits and Executive Compensation); and E. Kyle Barnett (Intellectual Property).
