Dive Brief:
- Toronto-based GFL Environmental Inc. has acquired Rizzo Environmental Services Inc. and its subsidiaries for an undisclosed amount. The new subsidiary will be called GFL-USA, as reported by Recycling Today.
- This is GFL's first U.S. acquisition and will give it a foothold in Michigan and Ohio. Combined, the total workforce will now be more than 4,000 employees. They will serve more than 80,000 commercial and industrial customers and 2.5 million households.
- Rizzo's headquarters will remain in Sterling Heights, MI. CEO Chuck Rizzo, Jr. will retain and expand his equity share. He and his management team will also be staying with GFL.
Dive Insight:
GFL has been in the Canadian waste business for more than 40 years and has four core businesses: the Liquid Waste Division (East & West), Solid Waste Haulage Division, Solid Waste Transfer Division and GFL Excavating Corp. Earlier this year, the company acquired transportation and logistics company TransForce Inc. in an $800 million deal. The company also announced that it recently acquired Enviro-Smart Organics Ltd. and West Coast Lawns in British Columbia. This most recent acquisition signifies that GFL is determined to continue its growth and will not be stopped by national borders.
Over the summer, Rizzo acquired Duncan Disposal Systems and has become one of the largest haulers in Southeastern Michigan with service in more than 40 municipalities. The company also has three commercial recycling facilities in Michigan and Ohio.
Rizzo is currently involved in a multi-month contract debate with Republic Services in Flint, MI. While the city's mayor favors Rizzo for its lower bid, Republic and others have questioned the financial details. This deal does not appear to affect those ongoing negotiations and Rizzo could not be reached for comment.
