GFL Environmental Inc. 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 six hauling yards and three landfills,” said Patrick Dovigi, president and chief executive officer of GFL.
GFL, headquartered in Vaughan, Ontario, 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 recent acquisition in Alberta, GFL will have a workforce of over 1,600 employees.
Published in the July 2014 Edition of American Recycler News