GFL Environmental Holdings Inc. (GFL)
First Day Turnover19.23%
GFL is the fourth largest diversified environmental services company in North America with a demonstrated ability to grow revenue in excess of our publicly-traded environmental services peers. We have an extensive geographic footprint, operating throughout Canada and in 23 states in the United States. Our diversified business model and competitive positioning in the stable environmental services industry have allowed us to maintain strong revenue growth across macroeconomic cycles. Between Fiscal 2016 and Pro Forma 2018, we grew revenue from $934 million to $2,699 million. Over the same period our net loss increased from $(152) million to $(611) million and our Adjusted EBITDA grew from $201 million to $659 million. For a discussion of Adjusted EBITDA, which is a measure that is not presented in accordance with IFRS, and a reconciliation to the most directly comparable financial measure calculated and presented in accordance with IFRS, see "Management's Discussion and Analysis of Financial Condition and Results of Operations—Non-IFRS Measures" and "Prospectus Summary—Summary Historical Consolidated Financial and Pro Forma Information."
Our diversified offerings include non-hazardous solid waste management, infrastructure & soil remediation and liquid waste management services. Our solid waste management business line includes the collection, transportation, transfer, recycling and disposal of non-hazardous solid waste for municipal, residential, and commercial and industrial customers. Our infrastructure & soil remediation business line provides remediation of contaminated soils as well as complementary services, including civil, demolition, excavation and shoring services. In our liquid waste management business line, we collect, transport, process, recycle and/or dispose of a wide range of liquid wastes from commercial and industrial customers.
As of the end of Full Year 2018:
• In our solid waste operations, we had more than 100 collection operations, over 60 transfer stations, 47 landfills, 29 MRFs and nine organics facilities;
• In our infrastructure & soil remediation operations, we had nine soil remediation facilities;
• In our liquid waste operations, we had more than 40 liquid waste processing or storage facilities; and
• Across our operations, we had more than 9,500 employees.
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