GFL Environmental To Sell Stake In Environmental Services Business: Debt Reduction & Stock Buyback On The Cards
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2025
0mins
Should l Buy APO?
Source: Benzinga
GFL Environmental Inc. Sale Agreement: GFL Environmental announced a deal to sell its Environmental Services business to Apollo Global Management and BC Partners for an enterprise value of C$8.0 billion, while retaining a 44% equity interest and expecting net cash proceeds of approximately C$6.2 billion.
Financial Strategy Post-Transaction: GFL plans to use up to C$3.75 billion of the proceeds to repay debt and C$2.25 billion for share repurchases, aiming to improve its balance sheet and accelerate its path to an investment-grade credit rating.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 126.950
Low
136.00
Averages
162.77
High
186.00
Current: 126.950
Low
136.00
Averages
162.77
High
186.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Operational Transition: Schulte Hospitality Group will take over operations of Sotherly's 10 full-service hotels and a condo-hotel management agreement, enhancing its influence in high-end hotel management and aligning management efforts through co-investment with the investor group.
- Market Potential: Sotherly owns 2,786 hotel rooms across ten full-service hotels in seven states, and the acquisition will significantly bolster KWHP and Ascendant's high-quality hospitality portfolio in the Southeast, catering to the growing travel demand.
- Strategic Collaboration: This acquisition represents a crucial step in KWHP and Ascendant's execution of their high-quality asset strategy, aiming to enhance guest experiences and drive growth for these upscale assets through resource integration and expertise sharing.
See More
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- Executive Discussions Exposed: The Financial Times reported that Apollo executives, including CEO Marc Rowan, held extensive discussions about tax arrangements with Jeffrey Epstein during the 2010s, despite the firm previously claiming no business dealings with him, which could significantly damage the company's reputation.
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- Potential Legal Consequences: As a prominent securities class action firm, Pomerantz LLP's investigation may lead to substantial damages and legal liabilities for Apollo, further impacting investor confidence and the company's future market performance.
See More
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- Brokerage Pressure: Investment banks and brokerage firms are under pressure following the rollout of AI tools by fintech firm Altruist, with forward P/E ratios declining from 24.7 to 15.9, as the market fears that AI could replace traditional advisors in the future, leading to long-term margin compression.
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- Asset Management Damage: Alternative asset managers are indirectly affected by significant exposure to private software companies, with many large firms down double digits year-to-date, as declining public software valuations raise concerns about their private portfolios, shrinking exit opportunities.
See More
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- Merger Completion: KWHP and Ascendant successfully acquired Sotherly Hotels through their joint venture KW Kingfisher at a cash price of $2.25 per share, significantly enhancing both firms' hotel investment portfolios in the Southeastern U.S. markets.
- Shareholder Approval: Sotherly's shareholders unanimously approved the acquisition at a special meeting on January 22, 2026, indicating strong support for the strategic direction post-merger, which is expected to improve overall operational efficiency.
- Management Transition: Schulte Hospitality Group will assume operations of Sotherly's 10 full-service hotels and its single condo-hotel management agreement, leveraging its extensive industry experience to enhance guest experiences and drive business growth.
- Financing Support: Apollo and Ascendant provided debt financing commitments for the transaction, ensuring adequate funding for the joint venture and further solidifying KWHP and Ascendant's market position in high-quality hotel assets.
See More
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- Strong Free Cash Flow: The company generated $11.3 billion in free cash flow for FY2025, showcasing its ongoing cash generation capability and financial robustness, which supports future investments and shareholder returns.
- Shareholder Return Plan: The Board proposed a final dividend of €1.00 per share, bringing the total dividend for 2025 to €1.15, reflecting the company's commitment to shareholders and its ongoing dividend growth strategy.
See More
