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Corporation
ENVIRONMENTAL SERVICES & EQUIPMENT | Remediation & Environmental Cleanup
gflenv.com

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Founded Year

2007

Stage

IPO | IPO

Total Raised

$164M

Date of IPO

3/3/2020

Market Cap

17.41B

About GFL Environmental

GFL Environmental is a diversified environmental services company providing a comprehensive line up of solid waste, soil remediation, and liquid waste services.

GFL Environmental Headquarter Location

100 New Park Place #500

Vaughan, Ontario, L4K 0H9,

Canada

905-326-0101

Latest GFL Environmental News

Aluminum Association campaign highlights the sustainablity benefits of aluminum

Dec 3, 2021

Aluminum Association campaign highlights the sustainablity benefits of aluminum The Aluminum Association has launched its Choose Aluminum campaign. With a dedicated website at www.ChooseAluminum.org , the campaign includes digital media ads and videos with workers and aluminum leaders that highlight the metal’s sustainable properties. The campaign focuses on how aluminum provides sustainable solutions in the areas of recycling, automotive production, building and construction, beverage packaging and more, the association says. It also tracks how the North American aluminum industry has reduced its carbon footprint by more than half over the last 30 years. The Aluminum Association notes that the U.S. aluminum industry supports nearly 660,000 direct, indirect and induced jobs and nearly $172 billion in total economic output. Over the past decade, the industry has invested more than $3 billion in U.S. manufacturing. “As we work toward a more circular and sustainable future, aluminum has to be at the forefront,” says Matt Meenan, senior director of external affairs at the Aluminum Association. “We sometimes forget about the everyday environmental benefits aluminum provides from the drinks we buy to the buildings we live and work in to the cars we drive. This campaign is a reminder that we have an infinitely recyclable, long-lasting, lightweight solution at our fingertips. It’s also a reminder of the tremendous strides the U.S. aluminum industry has made to invest and grow while still reducing its carbon footprint in recent decades.” Aluminum is one of the most recycled materials in use today. An aluminum beverage can, car door or window frame is most often recycled directly back into itself, the association says. As a result, nearly 75 percent of all aluminum ever produced is still in use today. Aluminum’s high recyclability and lightweight durability make it a key part of a more circular, lower carbon economy. Campaign assets include a campaign toolkit and digital graphics as well as a library of videos: Ingenium , Escondido, California, announced Dec. 2 that it has acquired San Jose, California-based WSR Environmental and Safety Management (WSR). Ingenium provides a range of waste management services, specializing in packaging, transportation, recycling and disposal of hazardous, nonhazardous, biological, universal and radioactive waste. By acquiring WSR, Ingenium adds environmental health and safety (EH&S) consulting services to its portfolio, including safety planning, program management, training, environmental permits, and interfacing with regulatory agencies. According to the company, these additional services will enable Ingenium to provide more comprehensive waste management and environmental, health and safety compliance offerings to its clients. “Our strength lies in our innovative approach to each process, profile and waste stream,” Heather Johnson, CEO of Ingenium, says. “This provides the knowledge to create waste reduction and reuse strategies, leverage our treatment facility network, and present our clients with the most sustainable, measurable and cost-effective hazardous waste solutions. We are excited to bring together these two companies with complementary strengths to provide more comprehensive services to support our clients’ waste management and environmental, health and safety compliance needs.” Scott Rendleman, founder of WSR and CCO of Ingenium adds, “Ingenium clients now have access to additional innovative solutions and expertise to achieve extraordinary results for their waste management programs that have had positive effects on the environment and their bottom line. The addition of the EH&S services that the acquisition of WSR brings will allow Ingenium to be a one-stop solution for customers.” Torxx Kinetic Pulverizer Ltd., headquartered in Vaughan, Ontario, has announced that it is increasing its commitment to the U.S. market through Torxx Kinetic Inc., its recently formed and wholly owned subsidiary based in Chattanooga, Tennessee. “Pandemic-related travel restrictions hindered growth, with our North American headquarters in Canada and most of our customers and new opportunities in the states,” says Torxx Vice President of Sales and Business Development Terri Ward. “We’re maintaining a presence in Toronto, with engineering and service resources. However, key personnel and new hires are now in the U.S., making it much easier to collaborate and respond to customer needs. She adds, “We were attracted to the ‘Scenic City’ because of its favorable manufacturing and transportation resources, proximity to our customers, and its appeal to our valued employees.” The Torxx Kinetic Pulverizer is a patented size-reduction technology that relies on aerodynamics and matter-on-matter collisions to achieve fine sizing of materials. Feedstock is agitated in the machine by the formation of vortices, which create enough force for material to shatter against itself. Brittle material is reduced to finer particles, while ductile material remains larger. This size differential facilitates the liberation and mechanical separation of contaminants, allowing landfill diversion and recovery. According to a news release from Torxx Kinetic Pulverizer Ltd. , the unit maximizes value by transforming off-spec compost, material recovery facility fines, municipal solid waste fines, C&D fines, mixed glass, asphalt shingles, gypsum wallboard and other complex materials into usable end products. The Competition Bureau , an independent Canadian law enforcement agency that ensures that markets operate in a competitive manner, announced on Dec. 1 that it was challenging Ontario-based  GFL Environmental’s recent acquisition of Terrapure Environmental “to protect competition for customers of industrial waste services (IWS) and oil recycling services (ORS) in Western Canada.” GFL announced Aug. 17 that it had closed the acquisition of the solid waste and environmental solutions business of Ontario-based Terrapure Environmental Ltd.  and its subsidiaries. Earlier in the year, GFL reported the price of the deal at $743.8 million. In a press release, the Competition Bureau stated, “Prior to the transaction, Terrapure was GFL's closest competitor in many IWS and ORS markets in Western Canada. A bureau review found that the elimination of this rivalry is likely to result in increased prices and reduced service quality for customers. “The bureau concluded that the transaction has likely substantially lessened competition in the collection and processing of industrial waste on Vancouver Island, in the British Columbia Interior and in Central Alberta. “The bureau also determined that the transaction is likely to cause a substantial lessening of competition in the provision of ORS in eight regions across British Columbia, Alberta and Saskatchewan. “As such, on Nov. 30, 2021, the bureau filed an application with the Competition Tribunal for a court order requiring GFL to sell any assets necessary to remedy the likely substantial lessening of competition resulting from the acquisition.” In response to the Competition Bureau’s challenge, GFL issued a statement acknowledging that it was aware of the action. GFL also noted in its statement that the bureau’s challenge was specific to seven locations in Canada that generate annual revenue of approximately $30 million, and that “the acquisition closed on Aug. 17, 2021, following the expiration of the statutory waiting period under the Competition Act (Canada).” GFL stated it intends to work in cooperation with the bureau to resolve the matter. Buffalo, New York-based Wendt Corp. has issued a reminder to current and potential customers that a 2021 equipment purchasing tax break tied to Section 179 of the Internal Revenue Service (IRS) tax code is set to expire at the end of the year. The aspect of Section 179 allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the 2021 tax year, says Wendt Corp. “This means if you purchase qualifying equipment, including used equipment, you can deduct the full cost of that equipment from your gross income,” writes the firm in a late November e-mail sent to its customer list. The vendor of shredding, wire processing, automated sorting and other equipment says the federal tax incentive was designed to encourage companies to buy equipment and invest in their businesses. “Time is running out as equipment must be purchased and placed into service by midnight on Dec. 31, 2021,” writes Wendt Corp. Companies can expense up to a $1.05 million deduction on new or used equipment via the Section 179 benefit, adds the company. “Equipment must be depreciable under the Modified Accelerated Cost Recovery System (MACRS) with a recovery period of 20 years or less,” adds the firm.

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Research containing GFL Environmental

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CB Insights Intelligence Analysts have mentioned GFL Environmental in 1 CB Insights research brief, most recently on Mar 9, 2020.

Expert Collections containing GFL Environmental

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GFL Environmental is included in 1 Expert Collection, including Smart Cities.

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GFL Environmental Patents

GFL Environmental has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/19/2015

11/19/2019

Sulfates, Agricultural soil science, Soil, Soil improvers, Agronomy

Grant

Application Date

8/19/2015

Grant Date

11/19/2019

Title

Related Topics

Sulfates, Agricultural soil science, Soil, Soil improvers, Agronomy

Status

Grant

GFL Environmental Web Traffic

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