CPE News (3/15/2021) – GFL Environmental Inc. (NYSE/TSX: GFL) has entered into a definitive agreement to acquire the solid waste and environmental solutions business of Terrapure Environmental Ltd. and its subsidiaries from Birch Hill Equity Partners for CDN $927.5 million. Burlington, Ontario based Terrapure Environmental was formed in March 2015 from the $300 million acquisition of the industrial division of Newalta Corporation.
Terrapure has since completed two add-on acquisitions: Charlo, New Brunswick based Consolidated Giroux Environment Inc, a provider of industrial dredging services primarily to the mining, municipal and pulp and paper sectors; and Dartmouth, Nova Scotia based Envirosystems Incorporated.
With revenues of approximately CDN $365 million in 2020, Terrapure’s environmental and organics solutions cover a diverse range of waste streams from generation through collection, processing, recovery, recycling, reuse and disposal through its integrated network of assets including its landfill and its liquid and solid waste collection and processing facilities.