PE-backed GFL Environmental acquires Anchor Shoring Group

GFL Excavating Corp, an affiliate of GFL Environmental Inc, has acquired all of the shares of Anchor Shoring Group, a Toronto-based specialist in the design and installation of soil retention and engineered foundations. No financial terms were released. GFL, an environmental services company, said the acquisition will add to the soil remediation, excavation and demolition capabilities of its infrastructure services group, and help it to complete large-scale contracts. Vaughan, Ontario-based GFL is backed by Highbridge Principal Strategies and Hawthorn Equity Partners. Last October, it agreed to to buy TransForce Inc‘s solid waste business for $800 million.

PRESS RELEASE

GFL Acquires the Anchor Shoring Group

TORONTO, Jan. 18, 2016 /CNW/ – GFL Environmental Inc. announced today that GFL Excavating Corp. has completed the acquisition of all of the shares of the Anchor Shoring Group effective January 16, 2016. The Anchor business will expand GFL’s breadth of service, adding earth retention and foundation systems to the soil remediation, excavation and demolition capabilities of GFL’s infrastructure services group. With the significant number of infrastructure, commercial and residential projects that have been announced for the Province of Ontario in the coming 5 years, this acquisition will strengthen GFL’s ability to complete large-scale contracts in these sectors. The Anchor Group includes Anchor Shoring & Caissons Ltd., Banner Piling & Excavating Limited and Crown Drilling Limited. Known for providing innovative engineering solutions and proactive site management, the Anchor Shoring Group is a market leader in the safe design and installation of soil retention and engineered foundations, having completed over 4,500 projects in Ontario, Quebec, Eastern Canada and beyond. Some of the projects they have worked on in their more than 45 year history include the Airport Rail Link, Air Canada Centre, Metro Toronto Convention Centre, TTC York-Spadina subway extension, OPG Darlington and TTC Yonge and Leslie Stations.

Patrick Dovigi, Founder and CEO of GFL said: “The combination of Anchor with GFL creates a unique, integrated platform from which we can serve all of our clients’ demolition, excavation, shoring and foundation needs. We are thrilled to welcome Dawn Tattle, Derrick Speakman and all of Anchor’s employees to GFL.”

Dawn Tattle, President of Anchor Shoring & Caissons Ltd., said: “Joining the GFL group is a great opportunity for all members of the Anchor team. We are excited about the added value that the combined expertise of GFL and Anchor will bring to our clients and employees.”

GFL, headquartered in Vaughan, ON, is a diversified environmental services company providing a comprehensive line up of solid waste, soil remediation, and liquid waste services. Through a national platform that currently spans 8 provinces, GFL serves more than 29,000 commercial, industrial and institutional customers and more than 1,200,000 households under municipal solid waste contracts and has a workforce of more than 2,000 employees.

For further information: GFL Environmental Inc., Patrick Dovigi, (289) 695-2544

Photo courtesy of Anchor Shoring Group