Mr. Patrick Dovigi reports
GFL ANNOUNCES RELOCATION OF HEADQUARTERS TO U.S. TO SUPPORT ENHANCED GLOBAL SHAREHOLDER OWNERSHIP
GFL Environmental Inc. has relocated its executive headquarters from Vaughan, Ont., to Miami Beach, Fla. The company's jurisdiction of incorporation will remain Ontario, Canada.
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The company will continue to grow its existing Canadian footprint and maintain its Canadian jurisdiction of incorporation and Toronto Stock Exchange listing.
- The relocation is intended to broaden GFL's shareholder base via eligibility for inclusion in major United States equity indices.
- The relocation will not impact GFL's eligibility for inclusion in Canadian indices, including the TSX 60.
"Consistent with our desire to access a wider global investor base across both passive and active strategies, the relocation of our executive headquarters broadens our eligibility for participation in U.S. equity indices while preserving our eligibility for inclusion in Canadian equity indices. We expect this approach to gaining broader index inclusion will increase GFL's visibility with investors and ultimately drive a wider shareholder base," said Patrick Dovigi, founder and chief executive officer of GFL.
Mr. Dovigi added: "The United States has grown to represent over two-thirds of our revenue, more than half of which is generated in the fast-growing Southeastern region. The relocation aligns with our expanding presence in this attractive market and is expected to improve our ability to attract highly skilled talent from the U.S. labour pool. We will continue to maintain our shared services hubs in both Vaughan, Ont., and Raleigh, N.C."
About GFL Environmental Inc.
GFL is the fourth-largest diversified environmental services company in North America, providing comprehensive solid waste management services from its platform of facilities throughout Canada and 18 U.S. states. GFL has a work force of more than 15,000 employees across its organization.
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