GFL Environmental, a heavyweight Southern Ontario waste management firm with Northern Ontario connections, wants to expand its Canadian footprint.
The Vaughan-based environmental services company, headed by Sault native Patrick Dovigi, has signed an agreement to acquire Terrapure Environmental, headquartered in Burlington, GFL announced on March 15.
The proposed $927.5-million deal involves picking up all the solid waste and environmental solutions business of Terrapure and its subsidiaries, with the exception of the battery recycling business.
Among its 70 locations across Canada, Terrapure has an office in Sudbury on Highway 69 where it's worked with Vale on an award-winning solution to regreen its mine tailings with biosolids, which are municipally-treated sewage sludge.
GFL has a solid waste facility on Smelter Road in Coniston.
Terrapure provides solid and liquid waste management and industrial services across in Canada with collection, processing recovery, recycling, reuse and disposal through its landfill and waste collection and processing facilities. The company employs 1,600 employees.
In a news release, GFL said the acquisition brings aboard "a high-quality, complementary asset network and customer base to GFL's existing operations," especially in the Atlantic provinces.
"The acquisition of Terrapure is another example of GFL delivering on our commitment to pursue strategic and accretive acquisitions to continue growing our business", said Dovigi, GFL's CEO and founder.
"Terrapure's assets are highly complementary to our existing solid and liquid waste footprint in Canada. All of their service offerings are currently provided by GFL resulting in expected integration and cross-selling opportunities, as well as the expansion of our operations into new regions."
The acquisition is expected to close in the third or four quarter of this year.
GFL is North America's fourth largest diversified environmental services company in non-hazardous solid waste management, infrastructure and soil remediation and liquid waste management services across Canada and 27 states. The company has a workforce of more than 15,000.