M&A Deal Summary

GFL Environmental Acquires Services Matrec

On October 29, 2015, GFL Environmental acquired environmental company Services Matrec from TFI International for 800M CAD

Acquisition Highlights
  • This is GFL Environmental’s 6th transaction in the Environmental sector.
  • This is GFL Environmental’s 3rd largest (disclosed) transaction.
  • This is GFL Environmental’s 7th transaction in Canada.
  • This is GFL Environmental’s 1st transaction in Quebec.

M&A Deal Summary

Date 2015-10-29
Target Services Matrec
Sector Environmental
Buyer(s) GFL Environmental
Sellers(s) TFI International
Deal Type Divestiture
Deal Value 800M CAD

Target

Services Matrec

Boucherville, Quebec, Canada
Services Matrec, Inc. is a providr of integrated residual materials management and recycling services for its clients in the municipal, industrial, commercial, and institutional sectors in Canada.

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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 7 of 24
Sector (Environmental) 6 of 22
Type (Divestiture) 5 of 7
State (Quebec) 1 of 1
Country (Canada) 7 of 15
Year (2015) 3 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Sani Smart Waste Disposal Services

St. John's, Newfoundland, Canada

Sani Smart Waste Disposal Services Inc. is a provider of solid waste service to the management services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-18 Anchor Shoring Group of Companies

Toronto, Ontario, Canada

Anchor Shoring Group of Companies is a construction company, provider in the design and installation of soil retention and engineered foundation systems.

Buy -

Seller(S) 1

SELLER

TFI International

Saint-Laurent, Quebec, Canada

Category Company
Founded 1957
Sector Transportation
Employees25,005
Revenue 7.5B USD (2023)
DESCRIPTION

TFI International is a North American leader in the transportation and logistics industry, operating across Canada and the United States through its subsidiaries. TransForce creates value for shareholders by identifying strategic acquisitions and managing a growing network of wholly-owned, operating subsidiaries. Under the TransForce umbrella, companies benefit from financial and operational resources to build their businesses and increase their efficiency. TFI International was incorporated in is based in Saint-Laurent, Quebec.


DEAL STATS #
Overall 1 of 2
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 2
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Hazen - Final Mile

Taylor, Michigan, United States

Hazen Final Mile is a provider of co-mingled, dedicated, and white glove delivery services to retailers, manufactures, and distributers in a wide range of industries including automotive, healthcare and home products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-27 XPO Logistics - North American Truckload Operations

Greenwich, Connecticut, United States

XPO Logistics - North American Truckload Operations comprises approximately 3,000 tractors, 7,500 trailers and 29 locations. The business provides an integrated offering of point-to-point dry-van TL transportation services across the United States, and is one of the largest service providers of cross-border trucking into Mexico.

Buy $558M