CPE News (12/10/2019) – GFL Environmental Holdings, Inc., the parent company of GFL Environmental Inc., a portfolio company of BC Partners and Ontario Teachers’ Pension Plan, has agreed to acquire County Waste of Virginia, LLC and its subsidiaries from founder Scott T. Earl.
Financial terms were not disclosed.
The transaction, which is expected to close in January 2020, is subject to receipt of customary regulatory approvals, including approval under the Hart-Scott-Rodino Act.
Clifton Park, New York based County Waste is an industry leader providing numerous areas and communities with trash, recycling, and construction/demolition removal services operating in several locations serving the majority of Virginia and multiple operations in Eastern Pennsylvania.
photo credit: County Waste of Virginia
GFL to Acquire County Waste of Virginia
VAUGHAN, ON, Dec. 10, 2019 /CNW/ – GFL Environmental Inc. (“GFL”) announced today that it has entered into a definitive agreement to acquire County Waste of Virginia, LLC and its subsidiaries (collectively, “County Waste”). The transaction, which is expected to close in January 2020, is subject to receipt of customary regulatory approvals, including approval under the Hart-Scott-Rodino Act.
County Waste offers solid waste management services, including collection, transportation, transfer, recycling and disposal of non-hazardous solid waste for municipal, residential and commercial and industrial customers in Virginia and Eastern Pennsylvania. County Waste’s collection and hauling operations utilize a fleet of over 410 trucks that service over 410,000 residential customers and 19,000 commercial customers. County Waste owns six transfer stations and one material recovery facility and operates a landfill in Troutville, Virginia.
“The addition of County Waste’s operations to GFL’s existing solid waste business creates an opportunity for us to further expand our eastern U.S. footprint into new markets,” said Patrick Dovigi, GFL’s Founder and Chief Executive Officer. “County Waste’s management team, led by Scott Earl, brings over 50 years of industry experience to GFL and under Scott’s leadership, County Waste has grown revenues to over US$180 million. We are excited to have Scott join GFL as an employee as well as a shareholder and we look forward to welcoming Scott and the other employees of County Waste to the GFL team.”
About GFL Environmental Inc.
GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of non-hazardous solid waste management, infrastructure & soil remediation and liquid waste management services through its platform of facilities across Canada and in 23 states in the United States. Across its organization, GFL has a workforce of more than 11,000 employees and provides its broad range of environmental services to more than 135,000 commercial and industrial customers and its solid waste collection services to more than 4 million households.
SOURCE GFL Environmental Inc.
For further information: Patrick Dovigi, Founder and Chief Executive Officer, +1 905-326-0101, email@example.com
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