Business
GFL Environmental Announces the Acquisition of Peoria Disposal Company and Provides Update on Year-to-Date M&A Activity
GFL Environmental Announces the Acquisition of Peoria Disposal Company and Provides Updat...
About this update from Gfl Environmental Inc
[{"type":"text","content":"\n \n \n \n GFL Environmental Announces the Acquisition of Peoria Disposal Company and Provides Update on Year-to-Date M&A Activity\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n GFL Environmental Announces the Acquisition of Peoria Disposal Company and Provides Update on Year-to-Date M&A Activity\n \n \n PR Newswire\n \n \n \n \n \n VAUGHAN, ON\n \n ,\n \n Oct. 1, 2021\n \n /PRNewswire/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) (\"GFL\" or the \"Company\"), a leading North American diversified environmental services company, today provided an update on its year-to-date M&A activity.\n \n \n \n \n \n \n \n \n \n Since\n \n July 1, 2021\n \n , GFL has completed 16 acquisitions across its North American platform, for a total of 31 acquisitions year-to-date. Most recently, GFL acquired the solid waste management and recycling business of Peoria Disposal Company and affiliates (collectively, \"PDC\") on\n \n October 1, 2021\n \n . PDC owns a vertically integrated network of assets in\n \n Central Illinois\n \n and\n \n Eastern Missouri\n \n , providing residential, commercial and industrial solid waste hauling and recycling services. The operations include three active landfills, two strategically located transfer stations, one material recovery facility and a wastewater treatment plant. The acquisition also includes\n \n Peoria\n \n City/County Landfill Number 3, which is expected to begin operations in early 2024. The PDC assets are supported by a fleet of over 350 vehicles and more than 400 employees.\n \n \n PDC has operated a regional platform for over 90 years under the ownership of the Coulter family.\n \n Royal Coulter\n \n and his son\n \n Matt Coulter\n \n will remain with the business on a long-term basis, while other family members will continue with GFL as consultants and advisors to assist with the transition.\n \n \n \"We continue to demonstrate our ability to successfully execute on our growth strategy of pursuing strategic and accretive acquisitions,\" said\n \n Patrick Dovigi\n \n , Founder and Chief Executive Officer o...