Mr. Ronald Mittelstaedt reports

WASTE CONNECTIONS ANNOUNCES CLOSING OF ACQUISITION OF SECURE ENERGY WASTE DIVESTITURES IN WESTERN CANADA

Waste Connections Inc. has closed the previously announced acquisition of the Secure Energy Services Inc. portfolio of 30 energy waste treatment and disposal facilities in Western Canada for an aggregate purchase price of $1,075-million.

The transaction received Canadian Competition Bureau consent on Jan. 30, 2024.

The assets acquired by the company's subsidiary, R360 Environmental Solutions Canada Inc., include 18 treatment, recovery and disposal facilities, six landfills, four saltwater disposal injection wells, and two disposal caverns, and represent all of the required divestitures as mandated by the Canadian Competition Tribunal following Secure's 2021 merger with Tervita Corp. The oil and gas exploration and production waste disposal facilities acquired by R360 are strategically located in key geographic Canadian oil and gas basins, and serve a diverse customer base largely oriented to production. The combined annual revenue acquired by the company is currently estimated at approximately $300-million.

"We are pleased to expand our R360 E&P waste operations into Canada, and we welcome the former Secure employees to the Waste Connections family," said Ronald J. Mittelstaedt, president and chief executive officer. "This acquisition will contribute to the outsized margin expansion for which we are positioned in 2024, given the disposal-oriented profile of the facilities."

About Waste Connections Inc.

Waste Connections is an integrated solid waste service company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuel generation. The company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 44 states in the United States and six provinces in Canada. Waste Connections also provides non-hazardous oil field waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its environmental, social and governance efforts as integral to its business, with initiatives consistent with its objective of long-term value creation, focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, and further improving safety and enhancing employee engagement.

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