GFL Environmental Inc. has announced a definitive agreement to acquire wholly-owned subsidiaries Tri-Line Disposal Inc. and Deuce Disposal Ltd. from Contrans Group Inc.
Tri-Line Disposal Inc. and Deuce Disposal Ltd. are leading waste collection companies with operations in Edmonton and Slave Lake, Alberta, respectively.
"GFL approached us and informed us that they were very interested in acquiring our waste collection business," said Stan Dunford, Contrans Group Inc.'s chair and CEO, in an April 28, 2014 statement. "They are a growing company looking for an established and significant solid waste market presence in Alberta. After undertaking a strategic review, we decided that it would be in Contrans' shareholders' best interests to take this opportunity to unlock the equity that the Company has established in its waste collection segment and to focus on our core business of freight transportation. We are deeply grateful for the efforts and dedication of the employees at Tri-Line Disposal and Deuce and wish them all the best in their future endeavours."
Patrick Dovigi, GFL president and CEO said, "By joining forces with Tri-Line and Deuce with operations in Edmonton and Slave Lake, Alberta along with its experienced and committed workforce of 145 employees, GFL can offer our customers more services in more locations than ever before. This acquisition aligns with our strategy to be a ‘one-stop-shop to meet the liquid and solid waste needs of our customers and we are pleased to welcome the Tri-Line and Deuce employees to GFL."
The transaction is scheduled to close on May 1, 2014 and is subject to a number of conditions.
About Contrans Group Inc.
Contrans has been providing freight transportation services as a publicly-listed company since 1985. With approximately 1,400 power units and 2,600 trailers under management, Contrans is one of the largest freight transportation companies in Canada.
GFL Environmental Inc. 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 spans five provinces, GFL serves approximately 12,100 commercial and industrial customers and approximately 888,000 households under municipal solid waste contracts. With the addition of Tri-Line and Deuce's employees, GFL has a workforce of almost 1,500 employees.