The Globe and Mail reports in its Thursday, Aug. 1, edition that GFL Environmental will not sell the entire company to private buyers, but is mulling auctioning its environmental services division. The Globe's Tim Kiladze writes that in early June GFL had retained JPMorgan to assess two buyout offers -- one for the entire business and another for the environmental services unit. Late Wednesday, GFL killed the prospect of a complete sale as part of its second quarter earnings report. Because management sees strong organic growth potential, "we do not believe that taking GFL private at this time is in the best long-term interest of our shareholders," said founder Patrick Dovigi. As of Wednesday's market close, GFL's market capitalization is $20.1-billion. However, Mr. Dovigi said a sale of GFL's environmental services division, which offers liquid waste management and soil remediation services, was a possibility, adding that the proceeds from such a sale could be used to pay down debt. He said, "We have received current preliminary expressions of interest in a transaction that supports our valuation perspective and are actively engaged in implementing preparatory steps required to potentially complete such a transaction."