VAUGHAN, ON, Nov. 15, 2018 – GFL Environmental Inc. (GFL) announced today that it has completed the previously announced merger with Waste Industries, which was valued at an enterprise value of US$2.825 billion. GFL Environmental Inc. (GFL), an environmental services firm based in Toronto, has completed the acquisition of Rizzo Environmental Services Inc. and Rizzo’s subsidiary companies with a newly formed U.S. subsidiary of GFL called GFL-USA. This has included a variety of tuck-in acquisitions, along with a larger deal to acquire Virginia-based County Waste for $480 million that closed on Jan. 1. The deal involves $360 million in cash and $20 million in non-voting GFL shares. West Point-based County Waste of Virginia LLC and its subsidiaries will be acquired by Canadian waste management company GFL Environmental Inc, GFL announced Tuesday. GFL Environmental, Inc. After conducting a forensic financial and accounting review (inc. multiple former employees interviews), Spruce Point believes shares of GFL Environmental (TSX/NYSE: GFL), a cash degenerative North American roll-up of environmental service companies, are worthless. Catch up on all of Waste Dive's reporting here. This release may contain forward-looking information. ©2020 GFL ENVIRONMENTAL USA INC., 26999 Central Park Boulevard, Suite 200, Southfield, MI 48076 ©2016 RIZZO ENVIRONMENTAL SERVICES. Billing Options. This was. GFL Environmental has 9,500 employees at their 1 location and C$1.22 B in annual revenue in FY 2018. Green For Life.™. GFL Environmental announces closing of merger…. The merger was financed in part through an additional equity investment from GFL’s current consortium of investors led by affiliates of BC Partners, Ontario Teachers’ Pension Plan, certain shareholders of GFL, including Mr. Patrick Dovigi, and from rollover investors of Waste Industries, including the founding Poole family and HPS Investment Partners. Macquarie Infrastructure and Real Assets (MIRA), New York, via Macquarie Infrastructure Partners II (MIP II), announced Aug. 12 that an agreement has been reached to sell Houston-based WCA Waste Corp. to Ontario-based GFL Environmental Inc.MIP II is a closed-end fund that is nearing the end of its fund term. GFL Environmental Inc has 3500 total employees across all of its locations and generates $1.14 billion in sales (USD). Last year, the site also received a $474,000 grant from Michigan's Department of Environment, Great Lakes and Energy (EGLE). Simpson Thacher & Bartlett LLP and Stikeman Elliott LLP acted as legal advisors to GFL. The free newsletter covering the top industry headlines, Photo illustration by Brian Tucker/Waste Dive/Waste Dive, very competitive pricing for the large volume of solid waste that we control through our network of transfer stations in Ontario and through our collection operations in Michigan. GFL Environmental, Ontario, Canada, announced on Aug. 12 that it had entered into a definitive agreement with Macquarie Infrastructure and Real Assets (MIRA), New York, via Macquarie Infrastructure Partners II (MIP II) to purchase WCA Waste Corp. and its subsidiaries for an aggregate purchase price of $1.2 billion.Thanks to receipt of Department of Justice (DOJ) approval, one of the … The company now reports earning more solid waste revenue from its U.S. business than in Canada. The acquisition is subject to approval under the Hart-Scott-Rodino Act, which requires parties to notify the Federal Trade Commission and Department of Justice of large mergers and acquisitions. 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 … Cole Rosengren Pay Bill Online. VAUGHAN, ON, Nov. 15, 2018 – GFL Environmental Inc. (GFL) announced today that it has completed the previously announced merger with Waste Industries, which was valued at an enterprise value of US$2.825 billion. The … VAUGHAN, ON, Oct. 22, 2018 /CNW/ - As part of the previously announced merger agreement between GFL Environmental Holdings (US), Inc., a subsidiary of GFL Environmental Inc. ("GFL"), and Wrangler Super Holdco Corp., the indirect parent of Waste Industries USA, LLC and its subsidiaries (the "Acquisition"), GFL today announced that it is planning to commence, subject to … If you are serviced by a GFL Company, just click the logo and we'll take you to your login page. CPE News (12/10/2019) – GFL Environmental Holdings, Inc., the parent company of GFL Environmental Inc., a portfolio company of BC Partners and Ontario Teachers’ Pension Plan, has agreed to acquire County Waste of Virginia, LLC and its subsidiaries from founder Scott T. Earl.. Financial terms were not disclosed. Toronto-based GFL Environmental is in the process of acquiring Michigan's American Waste, a vertically-integrated solid and liquid waste company, for $380 million. American purchased it from the city of Cadillac in 2011. GFL Environmental announces closing of merger with Waste Industries. Such forward-looking information is based on certain assumptions and analysis made by GFL in light of its experience and perception of current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. The company's filing indicates it had more than CA$6.9 billion worth of debt through Q3 of 2019 prior to this offering. Subscribe to Waste Dive to get the must-read news & insights in your inbox. Kalkaska-based American Waste currently offers a range of services throughout Northern Michigan and Pennsylvania, from collection to disposal and recycling. Waste Industries is a vertically integrated provider of non-hazardous solid waste collection, transfer, recycling, and disposal services, with operations in North Carolina, South Carolina, Georgia, Colorado, Tennessee, Virginia, Maryland, Pennsylvania and Delaware. See GFL's revenue, employees, and funding info on Owler, the world’s largest community-based business insights platform. ", Michigan's Department of Environment, Great Lakes and Energy (EGLE). This grant was announced at the company's MRF last summer in conjunction with EGLE's launch of a statewide education campaign. Per GFL's latest SEC filing, excess landfill capacity in both Michigan and upstate New York allows the company to offer ​"very competitive pricing for the large volume of solid waste that we control through our network of transfer stations in Ontario and through our collection operations in Michigan.". American's MRF is also newer than many in the U.S. According to the company's website, American spent $12 million to build a new single-stream facility in Traverse City that opened in 2011. It remains unclear precisely how these new assets will fit into GFL's portfolio, and neither company responded to requests for comment ahead of publication, but the transaction has clear advantages.Â, According to the most recent state report (FY18), the Wexford County Landfill was projected to have more than 60 years of remaining capacity at the time. Its solid waste management business line includes the collection, transportation, transfer, recycling and disposal of non-hazardous solid waste. GFL has dramatically expanded its U.S. presence in the years since, most notably with a 2018 deal valuing Waste Industries at $2.8 billion, and now has operations in 23 states. on While GFL's acquisition of Rizzo came with a wide network of collection assets – including a municipal contract with Detroit that was renewed last year – the company's infrastructure in Michigan wasn't vertically-integrated. GFL, headquartered in Vaughan, Ontario, is a diversified environmental services company providing a comprehensive line of solid waste, infrastructure and soil remediation and liquid waste management services through its platform of facilities across Canada and the United States. However, whether actual results, performance or achievements will conform to GFL’s expectations and predictions is subject to market conditions and a number of known and unknown risks and uncertainties which could cause actual results to differ materially from GFL’s expectations. Dive Brief: Toronto-based GFL Environmental is in the process of acquiring Michigan's American Waste, a vertically-integrated solid and liquid waste company, for $380 million. Barclays Bank, BMO Capital Markets and Royal Bank of Canada are Joint Lead Arrangers and Joint Bookrunners under the Term Loan B Facility. will likely require additional financing, including debt, to pursue certain acquisitions," and the company still reported a net loss through Q3 of last year, revenue has also climbed significantly as acquired assets get integrated. GFL Environmental has acquired 18 companies, including 14 in the last 5 years. Found everywhere from Arctic seawater to the blood of most humans, PFAS are inevitable in the waste stream. A Jan. 10 release indicates the two brothers will stay on to manage the company's operations under GFL. There are 271 companies in the GFL Environmental … © 2020 GFL Environmental Inc.Green Today. As a result of the merger, GFL now has a workforce of more than 9,000 employees and provides its broad range of environmental services to more than 135,000 commercial and industrial customers and its solid waste collection services to more than 4 million households. GFL Environmental Inc. announced it has entered into a definitive agreement to acquire County Waste of Virginia, LLC and its subsidiaries. As the industry increasingly recognizes its contribution to climate change and sees business opportunities in potentially mitigating those effects, the sector could be at a notable inflection point in the years ahead. GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of … GFL Environmental Inc. was founded in 2007 by Canadian entrepreneur and businessman Patrick Dovigi, who had previous experience in the environmental services industry and wanted to establish a company that could unlock the value in smaller waste companies in Canada. Waste Management, Inc. (NYSE: WM) and Advanced Disposal Services, Inc. (NYSE: ADSW) announced today that they have amended the terms of the definitive agreement under which a subsidiary … Twitter. The coronavirus pandemic has brought sweeping changes to the U.S., including significant effects for an industry that has continued its work throughout the crisis. The company now reports earning more solid waste revenue from its U.S. business than in Canada. GFL is the only major diversified environmental services company in North America offering services in solid waste management, liquid waste management and soil remediation. Access your account, or sign up to start managing your bill online. Lee Lloyd advised the Poole family. Macquarie Infrastructure and Real Assets (MIRA), New York, via Macquarie Infrastructure Partners II (MIP II), announced Aug. 12 that an agreement has been reached to sell Houston-based WCA Waste Corp. to Ontario-based GFL Environmental Inc.MIP II is a closed-end fund that is nearing the end of its fund term. Rizzo Environmental, headquartered in Sterling Heights, Michigan, is involved in municipal, commercial and industrial solid waste collection … 6200 Elmridge; Sterling Heights, MI … For all inquiries or concerns regarding the City of Toronto municipal waste collectionplease contact the 311 hotline by phone or web at toronto.ca/311. Please enter your location information to find the facility closest to you. UPDATE: Feb. 4, 2020: GFL Environmental finalized the purchase of Michigan-based American Waste and all of its subsidiaries on Feb. 1, per a recent filing with the Securities and Exchange Commission (SEC). Pending expected closure of this deal during Q1, their business will be the latest of many to be subsumed in the industry-wide consolidation trend. Discover announcements from companies in your industry. Your payment is applied to your account the same date you make your payment online. The Canadian company's initial foray into the United States started with the acquisition of Michigan-based Rizzo Environmental Services in 2016, for a reported CA$400 million. , financials, executives, subsidiaries and more at Craft landfill, one MRF and C. Subscribe to waste Industries, a GFL Environmental announces closing of merger with waste Industries phone or web at.... Stikeman Elliott LLP acted as legal advisors to waste Industries waste management, infrastructure soil. 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