Waste Connections of Canada Inc. entered into an agreement to acquire Portfolio of 30 Energy Waste Treatment and Disposal Facilities in Western Canada from Secure Energy Services Inc. (TSX:SES) for CAD 1.2 billion on December 11, 2023. As per agreement, Waste Connections of Canada Inc. will pay CAD 1.075 billion in cash plus CAD 75 million for certain adjustments as provided in the Agreement for total estimated cash proceeds of CAD 1.150 billion. The transaction has been approved by the Secure board. The transaction is subject to regulatory approval by the Competition Bureau, regulatory approvals and the satisfaction of customary closing conditions. The transaction is expected to close in the first quarter of 2024.

Goldman Sachs & Co. LLC acted financial advisor to Secure Energy and Bennett Jones LLP acted as legal counsel to Secure Energy. Michael Caldecott, Alyson Goldman, Brett Anderson, Derek Baker, Jade Buchanan, Lyndsey Delamont, Amy Fong, Kassandra Grenier, Jeremy Ho, Kimberly J. Howard, Thomas McInerney, Susan Nickerson, Elizabeth Rafferty, Randy Schwartz, Justin Turc and Matthew Hooker of McCarthy Tétrault LLP acted as legal advisor to Waste Connections.
Waste Connections of Canada Inc. completed the acquisition of Portfolio of 30 Energy Waste Treatment and Disposal Facilities in Western Canada from Secure Energy Services Inc. (TSX:SES) on February 1, 2024. The transaction received Canadian Competition Bureau consent on January 30, 2024.