M&A Deal Summary

GFL Environmental Acquires Rizzo Environmental Services

On October 3, 2016, GFL Environmental acquired environmental company Rizzo Environmental Services from Kinderhook Industries

Acquisition Highlights
  • This is GFL Environmental’s 8th transaction in the Environmental sector.
  • This is GFL Environmental’s 1st transaction in the United States.
  • This is GFL Environmental’s 1st transaction in Michigan.

M&A Deal Summary

Date 2016-10-03
Target Rizzo Environmental Services
Sector Environmental
Buyer(s) GFL Environmental
Sellers(s) Kinderhook Industries
Deal Type Add-on Acquisition

Target

Rizzo Environmental Services

Sterling Heights, Michigan, United States
Rizzo Environmental Services, Inc. is a provider of collection services in 16 municipalities throughout Southeast Michigan. Company provides curbside collection for municipal solid waste, recycling, and compost to municipalities.

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Buyer(S) 1

Buyer

GFL Environmental

Vaughan, Ontario, Canada

Category Company
Founded 2007
Sector Environmental
Employees20,000
Revenue 7.5B CAD (2023)
DESCRIPTION

GFL Environmental is a diversified environmental services company providing a comprehensive line of solid waste, infrastructure & soil remediation, and liquid waste management services through its platform of facilities across Canada and in Southeastern Michigan. GFL has a workforce of more than 5,000 employees and provides its broad range of environmental services to more than 60,000 commercial and industrial customers and its solid waste collection services to more than 2.5 million households. GFL Environmental was founded in 2007 and is based in Vaughan, Ontario.


DEAL STATS #
Overall 10 of 24
Sector (Environmental) 8 of 22
Type (Add-on Acquisition) 5 of 17
State (Michigan) 1 of 1
Country (United States) 1 of 9
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Envirotec Services

Saskatoon, Saskatchewan, Canada

Envirotec Services, Inc. is a provider of a broad range of liquid waste management services. Envirotec Services was formed in 1990 and is based in Saskatoon, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Evergreen Industries - Solid Waste Business

La Porte, Texas, United States

Evergreen Industries Ltd. - Solid Waste Business provides residential, commercial and industrial solid waste and recycling collection and hauling, storage container rentals services.

Buy -

Seller(S) 1

SELLER

Kinderhook Industries

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kinderhook Industries targets control investments in companies valued between $25 to $250 million. Prospective transaction situations include acquiring non-core divisions of public companies, existing small capitalization companies lacking institutional support, management buyouts of entrepreneurial-owned businesses, and troubled companies. Sectors of interest include consumer products and services, media, packaging, industrial products, communications, and business services. Kinderhook Industries was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 19 of 41
Sector (Environmental) 2 of 5
Type (Add-on Acquisition) 16 of 33
State (Michigan) 4 of 5
Country (United States) 18 of 40
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 National Truck Protection

Winston-Salem, North Carolina, United States

National Truck Protection is a provider of extended service contracts for critical coverage on high-value fundamental drivetrain components for used class 3 through 8 trucks. National Truck Protection was founded in 1983 and is based in Winston-Salem, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-14 NitroFill

Deerfield Beach, Florida, United States

NitroFill is a developer and marketer of patented nitrogen generation and inflation systems for passenger and truck tires as well as related tire warranties, customer benefit programs, and reseller customer retention programs. NitroFill was founded in 2005 and is based in Deerfield Beach, Florida.

Buy -