GFL Environmental, a waste management company based in Toronto, Canada, has experienced significant expansion in North America. Through 37 acquisitions, GFL has acquired assets worth an estimated C$735 million in annual revenue. Some notable recent acquisitions include Terrapure Environmental in Canada, Peoria Disposal Company in Illinois, the Alabama Dumpster group of companies, and various Waste Management assets in Canada and Michigan. These acquisitions have added an estimated $735 million in annual revenue to GFL’s diverse portfolio of subsidiaries and owned businesses in the waste management industry. GFL has also divested assets, generating proceeds of $157.6 million from sales to Noble Environmental and LRS.
Key Takeaways:
- GFL Environmental has undergone rapid expansion in North America through 37 acquisitions.
- Recent acquisitions include Terrapure Environmental, Peoria Disposal Company, and various Waste Management assets.
- These acquisitions have added an estimated $735 million in annual revenue to GFL’s portfolio.
- GFL has also divested assets, generating proceeds of $157.6 million.
- GFL has a diverse portfolio of subsidiaries and owned businesses in the waste management industry.
GFL Environmental’s Expansion and Growth
GFL Environmental, a waste management company based in Toronto, Canada, has experienced significant expansion and growth in North America. The company’s expansion efforts have resulted in an impressive 8.2% organic growth rate in the third quarter. This growth can be attributed to various factors, including pricing increases, volume increases, and improved commodity pricing.
One area where GFL has seen notable growth is in its infrastructure and soil remediation business, which has turned positive due to increased economic activity in Canada. The company expects to see significant pricing gains in the coming year as contracts reset and new opportunities arise. Despite facing labor crunch and supply chain challenges, GFL is effectively managing these issues through selective business growth and efficient procurement.
GFL is also making strategic investments in capital expenditures to support its growth. These investments include advancements in materials recovery facilities (MRFs), automation in side load collection vehicles, and expansion of the compressed natural gas fleet. Moreover, the company is actively exploring renewable energy opportunities, with plans to develop natural gas projects at 18 landfills and construct new MRFs in different regions.
GFL Environmental’s Expansion Highlights:
- 8.2% organic growth rate in Q3
- Positive growth in infrastructure and soil remediation business
- Expected significant pricing gains in the coming year
- Addressing labor crunch and supply chain challenges through strategic business growth and efficient procurement
- Investing in MRFs, automation, and compressed natural gas fleet expansion
- Focusing on renewable energy projects, including natural gas initiatives and new MRF constructions
As GFL continues to expand and grow, the company remains committed to providing sustainable waste management solutions, prioritizing safety and compliance, and contributing to the communities it serves.
Expansion Factors | Expansion Highlights |
---|---|
Pricing Increases | Expected significant pricing gains in the coming year |
Volume Increases | 8.2% organic growth rate in Q3 |
Improved Commodity Pricing | Positive growth in infrastructure and soil remediation business |
Labor Crunch and Supply Chain Challenges | Addressing challenges through strategic business growth and efficient procurement |
Capital Expenditures | Investing in MRFs, automation, and compressed natural gas fleet expansion |
Renewable Energy | Focusing on natural gas projects and new MRF constructions |
GFL Environmental’s Overview and Company Information
GFL Environmental, also known as Green For Life or GFL, is a waste management company headquartered in Toronto, Canada. The company operates in all provinces in Canada and employs over 8,850 people.
GFL provides environmental services to municipal, residential, commercial, industrial, and institutional customers. With a strong commitment to sustainability, GFL invests in sustainable solutions to meet customer needs and support environmental goals.
The company’s leadership is headed by Patrick Dovigi, the Founder, President, and CEO of GFL Environmental. Other key executives include Luke Pelosi (Chief Financial Officer) and Mindy Gilbert (Chief Legal Officer).
GFL places a high emphasis on safety and compliance, ensuring the health and safety of its employees, customers, and the communities they serve. Additionally, the company has a community giving program called the Full Circle Project, which allows customers to direct charitable donations to causes that matter to them in their local communities.
FAQ
What companies does GFL own?
GFL Environmental has a diverse portfolio of subsidiaries and owned businesses in the waste management industry.
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How has GFL Environmental expanded and grown?
GFL Environmental has undergone rapid expansion in North America through acquisitions. The company has acquired assets worth an estimated C$735 million in annual revenue through 37 acquisitions to date. Recent notable acquisitions include Terrapure Environmental in Canada, Peoria Disposal Company in Illinois, the Alabama Dumpster group of companies, and various Waste Management assets in Canada and Michigan. These acquisitions have added an estimated $735 million to GFL’s annual revenue portfolio. Additionally, GFL has seen proceeds of $157.6 million from divestitures. The company expects to complete at least 40 acquisitions by the end of the year and has plans for further growth in 2022.
What is GFL Environmental’s overview and company information?
GFL Environmental, also known as Green For Life or GFL, is a waste management company headquartered in Toronto, Canada. The company operates in all provinces in Canada and provides environmental services to municipal, residential, commercial, industrial, and institutional customers. GFL employs over 8,850 people. Patrick Dovigi is the Founder, President, and CEO of GFL Environmental. The company has a commitment to sustainability and invests in sustainable solutions to meet customer needs and support environmental goals. Safety and compliance are top priorities for GFL, with a focus on the health and safety of employees, customers, and the communities they serve. GFL also has a community giving program called the Full Circle Project, which allows customers to direct charitable donations to causes that matter to them in their local communities.