M&A Deal Summary

GFL Environmental Acquires Terrapure Environmental

On March 15, 2021, GFL Environmental acquired environmental company Terrapure Environmental from Birch Hill Equity Partners for 928M CAD

Acquisition Highlights
  • This is GFL Environmental’s 17th transaction in the Environmental sector.
  • This is GFL Environmental’s largest (disclosed) transaction.
  • This is GFL Environmental’s 14th transaction in Canada.
  • This is GFL Environmental’s 6th transaction in Ontario.

M&A Deal Summary
Date 2021-03-15
Target Terrapure Environmental
Sector Environmental
Buyer(s) GFL Environmental
Sellers(s) Birch Hill Equity Partners
Deal Type Add-on Acquisition
Deal Value 928M CAD

Target

Terrapure Environmental

Burlington, Ontario, Canada
Terrapure Environmental is a provider of industrial waste management and resource recovery. The company provides services that minimize the waste produced by clients’ industrial processes and recycles used oil and metals products for resale. Terrapure Environmental was founded in 2015 and is based in Burlington, Ontario.

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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 19 of 24
Sector (Environmental) 17 of 22
Type (Add-on Acquisition) 13 of 17
State (Ontario) 6 of 7
Country (Canada) 14 of 15
Year (2021) 1 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-12 WCA Waste

Houston, Texas, United States

WCA Waste Corp. is a full service, non-hazardous solid waste company providing collection and disposal services to commercial, industrial and residential customers.

Buy $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 Peoria Disposal - Solid Waste Management & Recycling Business

Peoria, Illinois, United States

Peoria Disposal's Solid Waste Management & Recycling Business provides residential, commercial and industrial solid waste hauling and recycling services.

Buy -

Seller(S) 1

SELLER

Birch Hill Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 5.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Birch Hill Equity Partners is a middle-market private equity firm focused on investments in Canadian companies. Birch Hill targets growth oriented businesses valued between C$50 and C$1000 million. Sectors of interest include agriculture, communications, energy, environmental, entertainment, distribution, healthcare, manufacturing, software, and technology. Birch Hill will not consider investments in real estate, pure commodity companies or start ups. Birch Hill Equity Partners was formed in 1994 and is based in Toronto, Canada.

DEAL STATS #
Overall 33 of 37
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 16 of 17
State (Ontario) 18 of 20
Country (Canada) 26 of 30
Year (2021) 1 of 3
Size (of disclosed) 4 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 ERCO Worldwide

Mississauga, Ontario, Canada

ERCO Worldwide is focused largely on the production and supply of in-organic products along with technology for the production of chlorine dioxide. ERCO Worldwide was founded in 1897 and is based in Mississauga, Ontario.

Buy $725M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-27 Bio Agri Mix

Mitchell, Ontario, Canada

Bio Agri Mix is a medicant supplier focused on developing, distributing and marketing a wide range of antimicrobials and other feed additives to enhance animal health. Bio Agri Mix was founded in 1983 and is based in Mitchell, Ontario.

Sell -
Mergr

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