The Globe and Mail reports in its Wednesday, Feb. 26, edition that GFL Environmental plans to resume acquisitions after 18 months of debt repayment, following the sale of its environmental services division. The Globe's Tim Kiladze writes that GFL is also reworking its board of directors after the representative from Ontario Teachers' Pension Plan stepped down. Blake Sumler, Teachers' senior managing director of industrials, has sat on GFL's board since the pension fund invested in the company in 2018. On Tuesday GFL chief financial officer Luke Pelosi said paying down debt "allows for the reignition of our M&A strategies that have been tempered over the past 18 months," adding that the deal pipeline "remains robust." From its founding, GFL has been a serial acquirer, borrowing money to finance purchases of smaller rivals. This acquisitive bent is a key reason its operating cash flow grew so quickly over the years -- and it has also been a major driver of GFL's persistent losses because substantial interest costs eat into its bottom line. Interest expense on this debt raised investor concerns in mid-2023 due to rising inflation and subsequent interest rate hikes, leading to a decline in the company's share price.