Announced
Completed
Synopsis
GFL Environmental, a diversified environmental services company, completed the acquisition of Peoria Disposal Company, a provider of residential, commercial and industrial solid waste hauling and recycling service. Financial terms were not disclosed. "We continue to demonstrate our ability to successfully execute on our growth strategy of pursuing strategic and accretive acquisitions. The acquisition of PDC provides us with a unique opportunity to acquire one of the best family owned and operated vertically integrated set of assets in the United States, while expanding our solid waste footprint within the U.S. Midwest. PDC has a leading market position in a secondary market with some of the strongest operating margins in our industry. The acquisition of PDC also provides us with the opportunity to advance our sustainability initiatives by unlocking significant value from landfill gas to energy projects at the PDC landfills, as part of GFL Renewables," Patrick Dovigi, GFL Founder and CEO.
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