GFL Environmental to purchase Waste Management assets in Atlantic Canada
GFL Environmental Inc. announced May 2 that it has entered into a definitive agreement with Waste Management of Canada Corporation to buy Waste Management's assets in the Provinces of Nova Scotia, New Brunswick and Newfoundland and Labrador. The closing is subject to conditions, including obtaining certain regulatory and contractual consents. GFL and Waste Management will work together to obtain the required consents and expect to close the purchase in due course. GFL has committed to make all of Waste Management's employees in Atlantic Canada part of the GFL team.
"The acquisition of Waste Management's assets in Atlantic Canada offers GFL a unique opportunity to acquire a strong base of customers and assets with 6 hauling yards and 3 landfills. We are very excited to expand GFL's brand into an attractive new market and look forward to welcoming the 145 Atlantic Canada employees to the GFL team" said Patrick Dovigi, President and CEO of GFL.
"This transaction is good for all our stakeholders – our investors, customers, employees and communities and we look forward to working with GFL to ensure a smooth transition," said Brad Muter, Area Vice President Eastern Canada, Waste Management. "Outside of these Atlantic Canada assets, the company has operations in six Canadian provinces and we look forward to continuing our work to service our customers in these provinces and maximize the potential of the assets."
GFL, headquartered in Vaughan, ON, is a diversified environmental services company providing a comprehensive line up of solid waste, soil remediation, and liquid waste services. Through a national platform that currently spans 5 provinces, GFL serves approximately 12,100 commercial and industrial customers and approximately 888,000 households under municipal solid waste contracts. With the addition of Waste Management's Atlantic Canada employees and the employees of Tri-Line and Deuce from GFL's recently announced acquisition in Alberta, GFL will have a workforce of over 1,600 employees. www.gflenv.com
Waste Management, Inc., based in Houston, Texas, is the leading provider of comprehensive waste management services in North America. Through its subsidiaries, the company provides collection, transfer, recycling and resource recovery, and disposal services. It is also a leading developer, operator and owner of waste-to-energy and landfill gas-to-energy facilities in the United States and Canada. The company's customers include residential, commercial, industrial, and municipal customers throughout North America.
www.wm.com or www.thinkgreen.com.
