GFL to Acquire Deep Foundations Group of Companies
GFLF Environmental Inc. has announced that it has entered into a definitive agreement to acquire the parent of Deep Foundations Contractors Inc. and its subsidiary corporations (the "Deep Group"). Completion of the transaction is subject to customary closing conditions, including certain regulatory approvals and other consents. GFL and the Deep Group will work together to obtain the required approvals and consents and expect to close the transaction in the second quarter of 2018.
For more than 45 years,the Deep Group has delivered successful foundation piling and shoring work forits clients on a wide range of projects in Alberta,Saskatchewan, Manitoba,Ontario, Quebec, New Brunswick and Newfoundland,including the Children's Hospital of Saskatchewanand the Bayview and Avenue Stations on the Eglinton Crosstown Light RapidTransit project in Toronto, Ontario.
"Built on aculture of safety first, quality workmanship and a committed employee andmanagement team, the Deep Group will complement GFL's existing shoring andfoundation capabilities. The Deep Group and its employees bring expertiseand processes that GFL expects to build upon as we move to expand the footprintof our Infrastructure & Soil Remediation division into other parts of Canada" said Patrick Dovigi,GFL's Founder and Chief Executive Officer.
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