GFL Environmental Declares Densification of Southern U.S. Footprint with the Acquisition of Dash Waste Companies and Offers Replace on 12 months-to-Date M&A Exercise

GFL Environmental Inc. pronounces the acquisition of Dash Waste Companies, a vertically built-in community of strong waste belongings throughout 14 websites in Texas and two websites in Louisiana, together with two C&D landfills within the Larger Houston Space.  The Dash Waste belongings are supported by a fleet of over 400 automobiles and greater than 500 workers. “We proceed to show our capability to efficiently execute on our progress technique of pursuing strategic and accretive acquisitions,” mentioned Patrick Dovigi, Founder and Chief Govt Officer of GFL. “The acquisition of Dash Waste supplies us with a singular alternative to accumulate a vertically built-in, complementary set of belongings, whereas additional densifying our strong waste footprint throughout the Southern United States. We’re excited to welcome the over 500 Dash Waste workers to the GFL household.”

Dovigi added, “Dash Waste has operated a regional platform with industry-leading margins for over 15 years beneath the possession of Joseph Swinbank and his household. We’re excited that Joe and his sons, Will and Reagan Swinbank, will proceed to help the enterprise going ahead as each consultants and shareholders of GFL.”

Dovigi continued, “Along with the acquisition of Dash Waste, because the begin of the 12 months we’ve got accomplished 20 acquisitions throughout a number of geographies, the vast majority of which have been small tuck-in acquisitions, additional densifying our footprint. Collectively, these acquisitions are anticipated to contribute roughly $300 million in combination annualized income.”

Dovigi concluded, “We have now additionally remained targeted on rationalizing our steadiness sheet to maximise the worth of our asset base. 12 months-to-date, we obtained money proceeds of roughly $91.0 million from the sale of non-core belongings and $224.0 million from the spin-off of GFL Infrastructure Group to Inexperienced Infrastructure Companions. The proceeds from these divestitures will proceed to be redeployed in our natural and inorganic progress initiatives.”

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Creator: PR Newswire

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