American Waste Merging With GFL Environmental
By Beth Milligan | Jan. 11, 2020
American Waste is being acquired by GFL Environmental in a $380 million deal expected to be finalized in February, the companies announced Friday.
GFL, the fourth largest diversified environmental services company in North America, is acquiring all of American Waste's solid and liquid waste businesses in Michigan and Pennsylvania. American Waste co-owners Michael and Edward Ascione will join GFL and continue to manage the American Waste businesses.
Edward Ascione says that he and his brother "carefully chose to merge with GFL" because of the companies' similar lines of business and GFL's "down-to earth senior management team and decentralized operations approach." He adds: "We are confident that the strategic fit with GFL represents a great opportunity for our company and our employees to accelerate to the next chapter of growth, while maintaining the values we share with GFL reflecting our commitment to our employees, safety, and our customers."
GFL Founder and CEO Patrick Dovigi says American Waste has a "committed, passionate employee base that bring the same level of commitment to service excellence for our customers as do GFL’s employees. We are confident that this common commitment will make the integration of our service offerings seamless and allow us to continue to grow, to serve our customers, and to provide opportunities for our employees."Comment