We recently sent the attached letter to the Board and Special Committee of SECURE Waste Infrastructure Corp. regarding the proposed acquisition by GFL Environmental.Greystone and its partners are long-term shareholders of SECURE, and we believe the current offer materially undervalues the business, arrives at the wrong point in the company’s trajectory, and does not adequately reflect the value created by years of disciplined execution and transformation.The full letter is attached below.Gcp Secure Shareholder Letter314KB ∙ PDF fileDownloadDownloadAdam Wilk is the Founder and Portfolio Manager of Greystone Capital Partners LP, a private investment partnership that invests in high quality small cap companies.Adam can be reached at adam@greystonevalue.comDisclaimer: Adam Wilk and clients of Greystone Capital Management own shares of SES.TO. The purpose of this post is for informational and educational purposes only and should not be construed as a recommendation to purchase or sell any security. Do your own due diligence and seek counsel from a registered investment advisor before trading in any security mentioned.To receive new posts and support my work, consider becoming a free or paid subscriber.
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