GFL Environmental Inc. has announced that it has entered into a definitive agreement to acquire 100% of the shares of M&R Environmental Ltd. (M&R). M & R has been a market leader in liquid waste collections in Canada's third largest market, Vancouver, British Columbia, for more than 20 years. The transaction is scheduled to close on July 1, 2015, subject to a number of conditions.
Patrick Dovigi, President and CEO of GFL said: "Bringing together M & R and GFL seemed like a natural fit. Over the past 20 years, M & R has built a strong regional presence in the Vancouver market where GFL has not historically had any operations. GFL plans to build on M & R's strong customer base and broader product offerings in this market. We are very pleased to welcome M & R's employees to GFL.
George Mate, President of M & R said: "We saw this opportunity with GFL as a great way to continue M & R's long standing commitment to excellent customer service and to our employees."
GFL, headquartered in Vaughan, ON, is a diversified environmental services company providing a comprehensive line up of solid waste, soil remediation, and liquid waste services. Through a national platform that currently spans 8 provinces, GFL currently serves approximately 23,400 commercial, industrial and institutional customers and more than 1,000,000 households under municipal solid waste contracts. Following completion of the acquisition, GFL will have a workforce of over 1,950 employees.
