BX · News · 20260917N
GFL Takeover Bid
Blackstone Inc. · 2026-09-17 · Importance 58 · Surprise 42 · In source text
Blackstone has teamed with KKR and Energy Capital Partners on a potential takeover bid for GFL Environmental. The potential transaction values GFL at $18 billion and includes approximately $10 billion of debt. A competing offer has been submitted by Brookfield Asset Management and IFM Investors, making the transaction a significant potential leveraged buyout rather than a completed acquisition.
Key facts
- The potential deal for GFL that includes Blackstone Inc.'s group could value GFL at $18 billion with $10 billion in debt. source
- Blackstone Inc. has teamed up with KKR and Energy Capital Partners as a rival bidder for GFL Environmental. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | contingent | — | The potential deal for GFL that includes Blackstone Inc.'s group could value GFL at $18 billion with $10 billion in debt. |
| liability | negative | contingent | — | The potential deal for GFL that includes Blackstone Inc.'s group could value GFL at $18 billion with $10 billion in debt. |