GFL moves headquarters from Canada to U.S.
The relocation will support enhanced global shareholder ownership, says GFL
GFL Environmental Inc. has relocated its executive headquarters from Vaughan, Ontario, to Miami Beach, Florida. The company's jurisdiction of incorporation will remain Ontario, Canada.
"Consistent with our desire to access a wider global investor base across both passive and active strategies, the relocation of our executive headquarters broadens our eligibility for participation in U.S. equity indices while preserving our eligibility for inclusion in Canadian equity indices. We expect this approach to gaining broader index inclusion will increase GFL's visibility with investors and ultimately drive a wider shareholder base," says Patrick Dovigi, founder and CEO of GFL.
Dovigi adds, "The United States has grown to represent over two-thirds of our revenue, more than half of which is generated in the fast-growing Southeastern region. The relocation aligns with our expanding presence in this attractive market and is expected to improve our ability to attract highly skilled talent from the U.S. labour pool. We will continue to maintain our shared services hubs in both Vaughan, Ontario, and Raleigh, North Carolina."
