05:51 PM EST, 01/06/2025 (MT Newswires) -- GFL Environmental's ( GFL ) environmental services unit is close to being acquired by a consortium backed by Apollo Global Management ( APO ) and BC Partners, Bloomberg reported Monday, citing people familiar with the matter.

An agreement that may value the business at about C$8 billion ($5.6 billion), including debt, might be announced within days, the report said.

GFL is likely to keep an option to buy back the shares from Apollo and BC Partners at a later date, the report said.

Apollo, BC Partners and GFL declined to comment, Bloomberg said.

The companies didn't immediately respond to requests for comment from MT Newswires.

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