The move comes amid a year when, in the US, at least, add-ons are more common than ever before: Through the end of 3Q, platform additions had accounted for 66% of all buyouts in the country, per PitchBook data, the highest total of any year on record.
And like GFL’s pending merger with Waste Industries, several of this year’s other add-ons have been of the billion-dollar variety. That includes the $21 billion purchase of Dr Pepper Snapple, as well as the $4.9 billion add-on of Cotiviti and a PE-backed merger of Arby’s and Buffalo Wild Wings worth well over $2 billion.
