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GFL Environmental reports positive volume outlook despite Canadian lag, closes 10 acquisitions

$226.2M GFL Environmental continues to see clear signs of recovery from the pandemic, even as certain markets remain more heavily affected, and it expects to see a notable uptick as the year continues. CEO Patrick Dovigi said he considered the company s results favorable in light of the fact almost 40% of its revenue comes from Canada, which has yet to reopen like many parts of the United States have. I think our best days are in front of us, he said during a first-quarter earnings call. The company reported spending an estimated $150 million on 10 tuck-in acquisitions year-to-date, worth $60 million in annualized revenue, mainly focused on solid waste. In addition to multiple deals in Canada, Dovigi said, the list included assets in Alabama, Colorado, Missouri, North Carolina and Virginia that largely built on new platforms it created by the acquisitions of WCA Waste and divestitures it

Monday's Insider Report: CEO invests over $1-million in this rebounding stock with a forecast return of 49%

GFL Environmental acquiring Canada's Terrapure, including key Toronto-area industrial landfill

Dive Brief: GFL Environmental announced an agreement late Monday to acquire Canadian company Terrapure Environmental s Solid Waste and Environmental Solutions business, excluding its battery recycling operations, for $927.5 million. Pending regulatory approval, the deal could close by the third or fourth quarter. Terrapure reported $365 million in revenue last year, amid effects of the pandemic, and offers a range of solid waste and liquid waste services. The relevant division currently services more than 7,000 customers, with an estimated 1,600 employees and more than 500 collection vehicles. In addition to solidifying GFL s Canadian presence, executives consider the deal attractive because it includes the Stoney Creek industrial landfill near Toronto. That site, permitted for up to 750,000 metric tons per year, recently received approval for a vertical expansion expected to add 14 years to its lifespan.

GFL Environmental plans another 'outsized' M&A year, outlines growth through 2023