GFL Environmental Board Unanimously Rejects Take-Private Proposals, Affirms Commitment To Remaining Public Company

GFL Environmental Inc. (NYSE:GFL) (TSX:GFL) ("GFL" or the "Company") today confirmed that a Special Committee of the Board of Directors (the "Board") has concluded its previously announced process to review unsolicited proposals to acquire the Company and take it private.

The Special Committee, comprised entirely of independent directors, undertook a comprehensive evaluation with the assistance of independent financial and legal advisors. Consistent with its fiduciary duties, the Special Committee considered, among other things, the Company's business prospects, its equity stakes in its Environmental Services and Infrastructure businesses, the industry outlook and current market conditions. Following this review, the Special Committee determined the proposals received were not in the best interests of the Company considering the long-term value creation opportunities that lie ahead. On the recommendation of the Special Committee, the Board unanimously determined that remaining a public company is the best path forward for all shareholders.