Microsoft and partners may be compensated if you purchase something through recommended links in this article. "Terrapure's assets are highly complementary to our existing solid and liquid waste footprint in Canada.". GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of non-hazardous solid waste management, infrastructure & soil remediation and liquid waste management services through its platform of facilities throughout Canada and in 23 states in the United States. The Acquisition reinforces the Company’s goal of creating long term equity value for shareholders. Welcome! Our goal is to wow you. VAUGHAN, Ont. GFL operates in all provinces in Canada, and currently employs more than 8,850 people. Waste Management Inc on Wednesday lowered its bid to buy smaller rival Advanced Disposal Services Inc to about $2.8 billion from $3 billion. The sale of assets to GFL is conditional on the closing of Waste Management’s acquisition of Advanced Disposal, both of which are subject to clearance from the U.S. Department of Justice. Improve Operating Margins. “Even during these unprecedented times, we continue to successfully execute on our growth strategy of pursuing strategic and accretive acquisitions. On April 15, 2020, Waste Management and Advanced Disposal Services, Inc. (NYSE: ADSW) announced a definitive agreement under which a subsidiary of Waste Management will acquire all outstanding shares of Advanced Disposal. This transaction presents GFL with a unique opportunity to significantly expand our U.S. footprint through the acquisition of a high quality, vertically integrated set of assets in both our existing and adjacent fast growing U.S. markets,” said Patrick Dovigi, the Founder and Chief Executive Officer of GFL. The Acquisition is expected to: Expand GFL’s Geographical Reach. You will need to set that up again for automatic payments, which can be done within the My Account section of our website. A copy of the presentation for the call will be available at https://investors.gflenv.com or by clicking here. Waste360 Staff | Nov 15, 2018 Last month, GFL Environmental Inc. and Waste … Additionally, Waste Management and Advanced Disposal announced a definitive agreement per which GFL Environment GFL will purchase a combination of … Founder and CEO CPE News (6/24/2020) – GFL Environmental Inc. (NYSE/TSX: GFL), a portfolio company of BC Partners, Ontario Teachers’ Pension Plan, and GIC Private, has entered into a definitive agreement with Waste Management, Inc. (NYSE: WM) to purchase a portfolio of vertically integrated solid waste collection, transfer, recycling and disposal assets for an aggregate purchase price of US $835 million. GFL Environmental announces closing of merger with Waste Industries Nov 15, 2018 VAUGHAN, ON, Nov. 15, 2018 – GFL Environmental Inc. (GFL) announced today that it has completed the previously announced merger with Waste Industries, which was … The agreement was revised today to include the sale of certain Advanced Disposal Services and Waste Management assets assets to GFL. Terrapure provides solid and liquid waste management and industrial services to more than 7,000 customers across Canada. The Acquisition is subject to certain customary closing conditions, including approval by the U.S. Department of Justice and the closing of the WM-ADS Transaction. It has a landfill in the Stoney Creek municipality in Hamilton that recently received expansion approval for at least 14 years. We’re the waste hauler and recycling company that treats you with good old-fashioned service. GFL will be paying $927.5 million and the deal excludes Terrapure’s battery recycling business. It will be financed from its revolving credit facility, cash on hand and additional financing. your password Private Capital Journal is Canada's leading news sources and intelligence on private capital and public financings, fundraising, M&As, IPOs and related activities. GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of non-hazardous solid waste management, infrastructure & soil remediation and liquid waste management services through its platform of facilities across Canada and in 23 states in the United States. Canadian US Venture Capital Firms Please confirm your subscription. The deal, which excludes Terrapure's battery recycling business, generated about $365 million in revenues last year, including COVID-related volume impacts. The sale of those assets to GFL Environmental has also been completed. 245 Fairview Mall Drive, Suite 500, Toronto, Ontario M2J 4T1 | tel: 647-872-6300. your username. Canadian US Private Equity Firms, Private Capital Journal is a publication of CPE News, Canada’s trusted and unbiased all private capital and public news, © 2021 CPE News, a division of CPE Media Inc. All Rights Reserved. Participants can access the call by dialing (647) 490-5367 or (800) 367-2403 (confirmation code 5961076) approximately 15 minutes prior to the scheduled start time. VAUGHAN, ON, June 24, 2020 /PRNewswire/ – GFL Environmental Inc. (NYSE and TSX: GFL) (“GFL” or the “Company”), a leading North American diversified environmental services company, today announced that it has entered into a definitive agreement to purchase a portfolio of vertically integrated solid waste collection, transfer, recycling and disposal assets (the “Acquisition”) for an aggregate purchase price of US$835 million. Spring Flash Sale: Get $100 Off HelloFresh Including Free Shipping. It has more than 15,000 employees. GFL Environmental Inc. is a waste management company with headquarters in Toronto, Canada. Access your account, or sign up to start managing your bill online. The Acquisition brings a high-quality, complementary asset network and customer base to GFL’s existing operations in the States of Michigan, Georgia, Alabama and Pennsylvania. The sale of assets to GFL is conditional on the closing of Waste Management’s acquisition of Advanced Disposal, both of which are subject to clearance from the U.S. Department of Justice. The assets to be acquired by the Company, which include 32 collection operations, 36 transfer stations and 18 landfills supported by 380 collection vehicles across 10 U.S. states, represent substantially all of the divestiture assets expected to result from the previously announced acquisition of Advanced Disposal Services, Inc. (“ADS”) by a wholly owned subsidiary of Waste Management, Inc. (“WM” and such transaction, the “WM-ADS Transaction”). For more information, contact: For … The agreement was revised today to include the sale of certain Advanced Disposal Services and Waste Management assets assets to GFL. Barclays is serving as exclusive financial advisor to GFL and Latham & Watkins LLP is serving as GFL’s legal counsel. The acquired assets are expected to generate annualized revenue of approximately US$345 million. This report by The Canadian Press was first published March 15, 2021. Meanwhile, GFL Environmental agreed to buy a number of U.S. solid waste operations as part of the acquisition deal. The Acquisition provides GFL with an attractive opportunity to extend its geographical reach into the U.S. Midwest, through a network of vertically integrated assets with a strong regional market presence in the State of Wisconsin. “We are excited to welcome over 900 employees of WM and ADS to the GFL family and are confident that we will continue to offer excellent customer service to our expanded customer base.”. We’re the waste hauler and recycling company that treats you with good old-fashioned service. The Company will hold an investor call on Thursday June 25, 2020 at 8:30 am (Eastern time) to discuss the Acquisition. Related Links. We are proud to be your local community partner, and we’re here to help no matter your needs. Here’s What You Need to Know, This Doctor-Turned-Chef Finds Medical Wisdom in Her Spice Cabinet, Nissan to outfit the 2021 Rogue with a turbocharged 3-cylinder engine, A year into the pandemic, mental health workers face burnout and soaring demands, France seeks swift safety verdict on AstraZeneca vaccine, Opinion: The North needs more equitable, accessible Internet, Ulta Beauty's Coveted 21 Days of Beauty Sale Is Back & Better Than Ever—Save 50% Off Tons of Exclusive Items, Winston re-joins Saints for 2021 after Brees retirement, 5 details from Mandy Moore’s super relatable and beautiful birth story. The news caps off a more than 18-month process and adds an estimated 3 million new residential, commercial and industrial customers for Waste Management across 16 states. It is expected to close in the third or fourth quarter this year. Solid Waste. GFL expects that the Acquisition will significantly expand its U.S. footprint while creating an opportunity to realize meaningful synergies and earnings accretion. 905-326-0101 The deal is set to close in the fourth quarter pending regulatory approval. Monday. Grande Prairie, Alberta. The Globe and Mail - GFL Environmental Inc. is set to acquire Terrapure Environmental Ltd. for $927-million, in a deal that will see the Canadian-based waste management giant further expand its customer base across the country and cement its position as one of the biggest waste management providers in North … Confirmation Required - check your email junk folder should you NOT receive our confirmation email, Peloton and Stephen Smith acquire Glass Lewis from Ontario Teachers’ and AIMCo, GFL to acquire Terrapure Environmental from Birch Hill for $927.5M, Fengate/LPFCEC backed York Group of Companies acquires MCS Group. Log into your account. The Company currently anticipates funding the Acquisition using a combination of capacity under its revolving credit facility and cash on hand but will evaluate other longer-term strategic and opportunistic financing opportunities as they present themselves. GFL Environmental has signed a definitive agreement to acquire Texas-based WCA Waste from a MIRA fund for $1.212 billion. The deal is expected to close in the third or fourth quarter. The high-quality portfolio of acquired assets coupled with the experienced management team joining GFL are expected to be immediately accretive to free cash flow and provide opportunities for the Company to continue to pursue its growth strategy. It is with great pleasure that we welcome you to GFL Environmental and we are incredibly excited to service your solid waste contract. GFL, based in Vaughan, Ont., says the acquisition aligns with its strategy to increase free cash flow by adding complementary networks in several regional markets, including Atlantic Canada. WM and GFL will enter into a reciprocal 5-year disposal arrangement that will provide the Company with competitive, stable and predictable pricing and disposal terms. “Waste Industries strongly complements GFL’s brand with an over 47-year history of providing excellent customer service to its local communities and has a management … Waste Management (WM), the largest residential waste and recycling company in North America, announced a revised agreement to acquire Advanced Disposal Services for … Waste Industries, the 47-year-old homegrown Raleigh company that became one of the Southeast’s leading solid waste management companies, will merge with a larger Canadian company this year. GFL Environmental will buy a combination of the two companies' assets for $835 million in a move is designed to satisfy divestitures expected to be required by the U.S. Department of Justice. Create Long Term Shareholder Value. — GFL Environmental Inc. says it has reached an agreement to acquire fellow Ontario waste management firm Terrapure Environmental Ltd. for $927.5 million. The merger more than doubles GFL’s current footprint of operations in North America.