GFL buying Terrapure

GFL Environmental Inc. is acquiring the solid waste and environmental solutions business of Terrapure Environmental Ltd. and its subsidiaries.

GFL will be paying $927.5 million and the deal excludes Terrapure’s battery recycling business. It is expected to close in the third or fourth quarter this year.

Terrapure provides solid and liquid waste management and industrial services to more than 7,000 customers across Canada. Its environmental and organics solutions cover generation through collection, processing, recovery, recycling, reuse and disposal. It operates landfill and its liquid and solid waste collection and processing facilities, supported by a fleet of over 500 collection vehicles and approximately 1,600 employees.  

The Terrapure operations being acquired by GFL generated revenue of approximately $365 million in 2020.  

Terrapure’s acquisitions

Terrapure has acquired several companies in recent years. In November 2020 it bought Water Blasting & Vacuum Services, which provided high-pressure cleaning, hazardous waste transportation, emergency response, hydro-excavation, and container rentals in northern New Brunswick and eastern Quebec.

In 2019 Terrapure acquired RSR Environnement of Vercheres, Quebec. RSR provided high-pressure cleaning, pumping, transportation, emergency response, hydro-excavation, decontamination, scrubbing, confined-space entry and container rentals.

In 2018 it bought Envirosystems Incorporated, which specialized in providing industrial and waste management services to a broad range of industry sectors, including petrochemical/refineries, marine, mining, municipal, and pulp and paper.

Stoney Creek landfill

GFL says the deal will expand its operations in Atlantic Canada. It will also acquire the Stoney Creek landfill, an industrial landfill strategically located in the Greater Toronto Area which recently received expansion approval for 14-plus years.

Overlapping operations will allow GFL to cut costs by eliminating duplicate services. The company expects savings of at least $12.5 million annually through these measures.

Patrick Dovigi, GFL’s founder and CEO said Terrapure’s assets are complementary to GFL’s solid and liquid waste footprint in Canada.

“All of their service offerings are currently provided by GFL resulting in expected integration and cross-selling opportunities, as well as the expansion of our operations into new regions,” he said.