BC Partners and OTPP-backed GFL acquires Soil Safe


Photo courtesy of Soil Safe Inc

GFL Environmental Inc, a Toronto-based waste management company, has acquired Soil Safe Inc, a Columbia, Maryland-based soil recycling specialist, for an undisclosed amount.

Established in 1989, Soil Safe has recycled more than 30 million tons of non-hazardous petroleum contaminated soil for reuse outside of landfills in a range of construction and development projects.

The deal follows GFL’s agreement earlier this month to acquire Canada Fibers Ltd, a Toronto-based operator of facilities for the recovery and processing of recyclable materials.

Last year, GFL was recapitalized by an investor group led by BC PartnersOntario Teachers’ Pension Plan (OTPP) and others. The transaction valued the business at $5.1 billion.

PRESS RELEASE

GFL Announces Acquisition of Soil Safe

TORONTO, July 9, 2019 /CNW/ – GFL Environmental Inc. (“GFL”) announced today its acquisition of the Soil Safe group of companies (“Soil Safe”).

Since its inception in 1989, Soil Safe has recycled over 30 million tons of non-hazardous petroleum contaminated soil for beneficial reuse outside of landfills. At its facilities in New Jersey and Maryland, Soil Safe recycles contaminated soil into an engineered soil product meeting regulatory and end-market specifications that is used in a wide range of applications including capping material, road base and structural and general fill. Soil Safe’s California facility is the largest non-hazardous thermal treatment operation in the state from which it produces a clean recycled soil product for beneficial reuse in both brownfield and greenfield development applications.

“Soil Safe and its management team led by Mark Smith, are recognized as industry leaders in contaminated soil recycling and the development of inert soil products for beneficial use in sustainable construction and green building applications. GFL is one of the largest processors of contaminated soils in Canada and our acquisition of Soil Safe is in keeping with our strategy of replicating all of our service offerings in the US,” said Patrick Dovigi, GFL’s Founder and Chief Executive Officer. “Soil Safe’s in-house expertise and recycled products complement and extend our existing capabilities as we build our infrastructure business to service our customers’ needs across North America. We are excited to welcome Soil Safe and its employees to the GFL team.”

About GFL Environmental Inc.

GFL, headquartered in Toronto, Ontario, is a diversified environmental services company providing a comprehensive line of solid waste, infrastructure and soil remediation and liquid waste management services through its platform of facilities across Canada and in 20 states in the United States. GFL has a workforce of more than 9,500 employees and provides its broad range of environmental services to more than 135,000 commercial and industrial customers and its solid waste collection services to more than 4 million households.

For further information: Patrick Dovigi, Founder and Chief Executive Officer, +1 905-326-0101, pdovigi@gflenv.com