Secure Energy has completed a $1.075-billion asset sale to Texas-based Waste Connections.

The assets are energy waste-treatment and disposal facilities located across Western Canada. Waste Connections acquired the assets via its Canadian subsidiary.

Secure actually received about $1.15 billion in proceeds as a result of adjustments.

The Competition Bureau of Canada approved the all-cash transaction. Calgary-based Secure sold the properties reluctantly after the bureau ordered it to do so. The company lost appeals to the Competition Tribunal and the Federal Court of Appeal.

“The transaction materially improves our financial position and capital allocation flexibility, allowing us to concentrate our resources and deploy capital in key areas of growth for Secure,” said Rene Amirault, Secure’s CEO, in a news release.

The Competition Bureau order came after Secure acquired the properties through its 2021 merger with fellow Canadian firm Tervita Corporation.