GFL Environmental Inc. has agreed to buy Waste Management of Canada Corp. waste hauling and landfill operations in three Canadian provinces, for an undisclosed amount.
The Vaughan, Ontario-based GFL said it purchased assets of the subsidiary of the Houston-based Waste Management in Nova Scotia, New Brunswick, and Newfoundland and Labrador. GFL said it expects to close the deal “in due course,” and has committed to retain all 145 Waste Management employees in Atlantic Canada, according to a news release.
"The acquisition of Waste Management's assets in Atlantic Canada offers GFL a unique opportunity to acquire a strong base of customers and assets with (six) hauling yards and (three) landfills,” said Patrick Dovigi, GFL president and CEO.
Waste Management retains waste assets in six Canadian provinces.
GFL provides solid waste, soil remediation and liquid waste services. With the Waste Management purchase GFL will have more than 1,600 employees.