Meanwhile, GFL Environmental agreed to buy a number of U.S. solid waste operations as part of the acquisition deal. That majority of that business will be divested to gain DOJ approval, according to WM’s press release. Sustainably hosted on wind powered servers by, GFL to buy assets from WM and Advanced Disposal, EPA lays out steps to bolster US recycling landscape, Cities and groups chime in on feds’ procurement planning, C&D recycler hit with major permitting penalty, Surprise rise: Paper and plastic exports up to start 2021, SWANA tallies 52 industry on-the-job deaths last year, An e-scrap company's history of public-sector contract controversy, CarbonLite files for Chapter 11 bankruptcy, An e-scrap company’s history of public-sector contract controversy, Haulers enjoyed recyclables prices in 2020, Groups eye shipping industry for Basel enforcement. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS. 713.265.1656 The agreement—which resolves an extensive review of the proposed merger—requires Waste Management and Advanced Disposal Services to divest key assets across several Wisconsin markets to GFL Environmental. On October 30, 2020, Waste Management acquired Advanced Disposal and to meet requirements set by the U.S. Department of Justice, select operations at this facility were divested to GFL Environmental. GFL operates a 5-day collection schedule. As with the Advanced Disposal acquisition, the sale of assets to GFL Environmental remains subject to clearance from the U.S. Department of Justice and is also conditioned on the closing of Waste Management’s acquisition of Advanced Disposal. 832.710.5287 Create Long Term Shareholder Value. photo credit: Adavnced Disposal. Activists have contacted the world’s largest shipping lines, asking them to stop carrying loads that violate new Basel Convention regulations covering the global scrap plastic trade. They announced a deal in June to sell $835 million in assets from the merged company to GFL Environmental and hoped that would satisfy Justice Department officials. This press release does not constitute a notice of redemption under the indenture governing such senior notes. Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste management environmental services in North America. Centerview Partners LLC is serving as exclusive financial advisor to Waste Management, and Simpson Thacher & Bartlett LLP and Vedder Price P.C. The amendment to the definitive agreement also modifies certain closing conditions and termination provisions, including an extension of the deadline to complete the transaction and a $250 million termination fee payable by Waste Management to Advanced Disposal if the closing does not occur in certain circumstances when such clearance has not been obtained. GFL Environmental Inc., Ontario, announced June 24 that it has entered into a definitive agreement to purchase substantially all of the divestiture assets expected to result from the previously announced acquisition of Ponte Vedra, Florida-based Advanced Disposal Services Inc. by a wholly owned subsidiary of Houston-based Waste Management Inc. These documents can be obtained free of charge from the sources indicated in the above section entitled “Additional Information and Where to Find It.”, Analysts Waste Management’s customers include residential, commercial, industrial, and municipal customers throughout North America. Some will complement those GFL already has in Alabama, Georgia, Michigan and Pennsylvania. The purchase value was down from $4.9 billion, which the companies agreed to when the acquisition was first announced in April 2019. The sale of assets to GFL is conditional on the closing of Waste Management’s acquisition of Advanced Disposal, both of which are subject to clearance from the U.S. Department of Justice. Advanced Disposal ranks fourth with a 2% market share. Potential investors, stockholders, and other readers should view these statements with caution and should not place undue reliance on such statements. Advanced Disposal, based in Ponte Vedra, Florida, is the fourth largest solid waste company in the U.S. and provides integrated, non-hazardous solid waste collection, recycling and disposal services to residential, commercial, industrial, and construction customers across 16 states and the Bahamas. Most of the assets are located in Wisconsin, although others are located in Alabama, Florida, Georgia, Illinois, Indiana, Maryland, Michigan, Minnesota and Pennsylvania, according to an investor update. VAUGHAN, Ont. The Customer Care number has changed to 800-248-2373. Headquartered in Ponte Vedra, Fla., Advanced Disposal Services is the fifth-largest residential garbage and recycling hauler in North America, ranked by total revenue. As the fourth largest solid waste company in the U.S., we provide integrated, non-hazardous solid waste collection, recycling and disposal services to residential, commercial, industrial and construction customers across 16 states and the Bahamas. To learn more information about Waste Management, visit www.wm.com or www.thinkgreen.com. After Advanced bought Veolia's solid waste assets in 2012, it continued expanding there through multiple tuck-ins. Waste Management currently has more $3 billion of available capacity under that credit facility. Waste Management, Advanced Disposal, and GFL Environmental continue to work cooperatively with the U.S. Department of Justice to obtain necessary regulatory clearance. Additionally, the sale of certain Waste Management and Advanced Disposal Services assets to Ontario, Canada-based GFL Environmental Inc. (NYSE: GFL) has also closed. Mission Viejo, California based Newman Windows - Irvine is reaching out to the wider community to announce that they have published a blog post that delves into the cost of window replacements. The Acquisition brings a high-quality, complementary asset network and customer base to GFL's existing operations and the divestiture operations to be acquired by GFL from Waste Management, Inc. and Advanced Disposal Services, Inc. ("ADS") in the Southeastern U.S. In June 2019, Advanced shareholders voted in favor of the WM acquisition. Ed Egl Matthew Nelson or Mark Nighbor HOUSTON & PONTE VEDRA, Fla.--(BUSINESS WIRE)--Waste Management, Inc. (NYSE: WM) and Advanced Disposal Services, Inc. (NYSE: ADSW) announced today that they have amended the terms of the definitive agreement under which a subsidiary of Waste Management will acquire all outstanding shares of Advanced Disposal for $30.30 per share in cash, representing a total enterprise value of $4.6 billion when including approximately $1.8 billion of Advanced Disposal’s net debt. PET recycling firm CarbonLite and a subsidiary this week filed for bankruptcy, indicating the company plans to reorganize and continue operating. Waste Management expects the Advanced Disposal acquisition to advance its growth strategy and align with its financial goals, including strong returns on invested capital and growth in earnings per share, margins, and cash flow. In connection with the proposed merger, Advanced Disposal plans to file a proxy statement with the SEC in connection with, among other things, the adoption of the amended definitive agreement. In addition, we are pleased to have reached an agreement with GFL Environmental for substantially all of the divestitures anticipated to be required by the U.S. Department of Justice at a valuation that appropriately reflects the high-quality nature of the Advanced Disposal and Waste Management assets to be sold. Recycling generates about 5% of GFL’s total revenues, less than what recycling brings in for WM but more than for most of the other large haulers. In connection with the ongoing review of the transaction by the U.S. Department of Justice, Waste Management and Advanced Disposal entered into an agreement for GFL Environmental to acquire certain assets. Copyright 2021, Resource Recycling, Inc  About | Privacy | Contact. eegl@wm.com, Media ADDITIONAL INFORMATION AND WHERE TO FIND IT. Andy Izquierdo Advanced Disposal (West Side) Guidelines ; GFL (East Side) Guidelines; For questions or assistance, please contact DPW Solid Waste Division (313) 876-0004 See Press Release for more details. A company leader said market strife and COVID-19 impacts led to the decision. In its own announcement of the three-company asset divestiture agreement, GFL said it would acquire 32 collection operations, 36 transfer stations and 18 landfills. In a recently announced deal GFL agreed to pay $835 million for operations now owned by WM and Advanced. “We continue to work hand in hand with the Waste Management team, GFL Environmental, and the U.S. Department of Justice to gain regulatory clearance and complete the transaction.”, Reiterates Compelling Strategic and Financial Benefits. Advanced Disposal and Interstate Waste Now Operating Under the Advanced Disposal Name Advanced Disposal Suspends All Operations in Mobile and Biloxi Areas Due to Tropical Storm Isaac. GFL agreed to pay $835 million for operations now owned by WM and Advanced. The operations GFL agreed to buy generated $345 million in revenue last year. At that time, Waste Management divested a number of Advanced Disposal sites to GFL Environmental. Green For Life. STOCKHOLDERS OF ADVANCED DISPOSAL ARE URGED TO READ THE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO AND ANY DOCUMENTS INCORPORATED BY REFERENCE THEREIN) AND OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE PROPOSED TRANSACTION THAT ADVANCED DISPOSAL WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES TO THE PROPOSED TRANSACTION. CERTAIN INFORMATION CONCERNING PARTICIPANTS, Advanced Disposal and its respective directors and executive officers may be deemed to be participants in the solicitation of proxies from Advanced Disposal stockholders in connection with the proposed merger. A federal initiative focused on energy efficiency in U.S. manufacturing recently selected two dozen recycling projects to support. A WM press release notes the companies now anticipate DOJ approval and deal closure by the end of September. Higher commodity prices boosted recycling revenues for Waste Management, Republic Services and North America’s other largest haulers last year, according to earnings reports. According to WM’s press release, if DOJ were to block the WM-Advanced acquisition, the sale to GFL would be canceled. Waste Management is well positioned to fund the transaction, with its strong balance sheet, significant free cash flow generation, investment grade credit rating and favorable access to capital markets. On October 30, 2020, Waste Management acquired Advanced Disposal. 6200 Elmridge; Sterling Heights, MI … To learn more information about Advanced Disposal, visit www.AdvancedDisposal.com. If you have issues with your garbage, recycling or any other waste pick up services please contact your provider at the following numbers: GFL at (844) GO.GFLUSA or (844) 464-3587. Log In Receive full access to … Advanced Disposal brings fresh ideas and solutions to the business of a clean environment. Waste Management currently anticipates funding the transaction using a combination of credit facilities and commercial paper but is evaluating other longer-term financing options. An investigation outlines one electronics recycling firm’s track record of running afoul of state officials as well as certification programs, school districts and municipalities. Through its subsidiaries, Waste Management provides collection, transfer, disposal services, and recycling and resource recovery. aizquierdo@wm.com, Website According to the township’s bid committee, GFL was chosen for its price in the submitted bid and for its handling of the bidding process. VAUGHAN, ON, June 24, 2020 /PRNewswire/ - GFL Environmental Inc. (NYSE and TSX: GFL) ("GFL" or the "Company"), a leading North American diversified environmental services company, today announced that it has entered into a definitive agreement to purchase a portfolio of vertically integrated solid waste collection, transfer, recycling and disposal assets (the "Acquisition") for an aggregate purchase price of … The amended agreement will require their approval again. Words such as “expect,” “likely,” “outlook,” “forecast,” “preliminary,” “would,” “could,” “should,” “can,” “will,” “project,” “intend,” “plan,” “goal,” “guidance,” “target,” “continue,” “sustain, “ “synergy,” “on track,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “possible,” “assume,” and variations of such words and similar expressions are intended to identify such forward-looking statements. | Philip Lange/Shutterstock. The Village of Mount Pleasant contracts through GFL Environmental (formerly Advanced Disposal Services) for waste disposal and recycling. This divestiture transaction is also expected to close by the end of the third quarter of 2020 and remains subject to customary closing conditions including regulatory approval and the closing of Waste Management’s acquisition of Advanced Disposal. Sustainably hosted on wind powered servers by The Mobius Network. GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line … 904.737.7900 The Town of Christiana residents will now have their trash/recycling handled by GFL Environmental. A Customer Care form is also available here. Waste Management and Advanced Disposal did not announce specific assets that will be divested, but Canada-based GFL said the deal consists of operations in 10 states that are expected to generate $345 million in annual revenue. GFL Environmental Announces US$835 million Acquisition of Assets and Expansion of U.S. Footprint In addition to our e-newsletters, Resource Recycling Inc. will occasionally send emails related to the specific recycling industry sectors you've selected. This communication may be deemed to be solicitation material in respect of the proposed merger between a subsidiary of Waste Management and Advanced Disposal. Waste Management will acquire Advanced Disposal Services for about $300 million less than originally anticipated. Specifically, Waste Management continues to expect the acquisition of Advanced Disposal to: The Advanced Disposal acquisition, which was unanimously approved by the boards of directors of both companies, is expected to close by the end of the third quarter of 2020, subject to the satisfaction of customary closing conditions, including regulatory approvals and approval of the amended definitive agreement by a majority of the holders of Advanced Disposal’s outstanding common shares. https://www.advanceddisposal.com, Analysts & Media Advanced Disposal Announces Senior Leadership Team of Post Closing Consolidated Companies GFL is the only major diversified environmental services company in North America offering services in solid waste management, liquid waste management and soil remediation. Following completion of the acquisition, Waste Management expects to maintain a strong balance sheet and solid investment grade credit profile with a pro forma leverage ratio well within Waste Management’s revolving credit facility financial covenant. Immediately following the completion of the Advanced Disposal acquisition, Waste Management and Advanced Disposal completed the sale of all of the assets required by the U.S. Department of Justice (DOJ) to be divested in connection with the Advanced Disposal acquisition to Ontario-based GFL Environmental. Information regarding Advanced Disposal’s directors and executive officers is available in its Annual Report on Form 10-K filed with the SEC on February 24, 2020. The parties now anticipate closing the deal by the end of the third quarter, pending approval from the … Headquartered in Ponte Vedra, Fla., Advanced Disposal Services is the fifth-largest residential garbage and recycling hauler in North America, ranked by total revenue. Please visit their website for more details on your specific services. - GFL Environmental Inc. has signed a deal to buy a portfolio of integrated solid waste collection, transfer, recycling and disposal assets in the United States for US$835 million. As a result of the updated transaction timing, Waste Management expects that its outstanding senior notes issued in May 2019 with a special mandatory redemption feature will be redeemed pursuant to their terms. ©2020 GFL ENVIRONMENTAL USA INC., 26999 Central Park Boulevard, Suite 200, Southfield, MI 48076 ©2016 RIZZO ENVIRONMENTAL SERVICES. Waste Management and Advanced Disposal are pleased with the progress that has been made to date and believe they are on track to receive final regulatory approval in a timeframe that is complementary to the expected completion of the Advanced Disposal shareholder vote by the end of the third quarter of 2020. GFL also is acquiring assets that Waste Management and Advanced Disposal Services have to divest in order to close their multibillion-dollar acquisition deal, … Green For Life. Stockholders and investors will be able to obtain free copies of the proxy statement and other relevant materials (when they become available) and other documents filed by Advanced Disposal at the SEC’s website at www.sec.gov. Waste Management has renegotiated plans to acquire Advanced Disposal Services for $30.30 per share (down from $33.15) for a new total of $4.6 billion including debt. It is also a leading developer, operator and owner of landfill gas-to-energy facilities in the United States. GFL Environmental is benefiting from the acquisition announced by Waste Management of Advanced Disposal Services. “Over the last several months, as we have worked to gain regulatory approval from the U.S. Department of Justice, we have become increasingly convinced that the people and customer additions this acquisition brings to Waste Management will be of tremendous value and we are confident that Waste Management’s operational excellence will allow us to achieve expected synergies. GFL Environmental (GFL), which went public in the early days of the pandemic, had a very eventful summer, announcing two large and transformative acquisitions. Waste Management (WM), the largest residential waste and recycling company in North America, announced a revised agreement to acquire Advanced Disposal Services for $4.6 billion. Copies of the proxy statement (when they become available) and the filings that will be incorporated by reference therein may also be obtained, without charge, by contacting Advanced Disposal’s Investor Relations at investorrelations@advanceddisposal.com or (904) 737-7900 or Waste Management's Investor Relations at eegl@wm.com or (713) 265-1656. Waste Management and Advanced Disposal also announced today that they have entered into an agreement for GFL Environmental to acquire a combination of Advanced Disposal and Waste Management assets for $835 million, representing approximately $345 million in total revenue based on 2019 results. Advanced Disposal at (844) 2-DETROIT or (844) 233-8764. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from those set forth in such forward-looking statements, including but not limited to, general economic and capital markets conditions; public health risk and other impacts of COVID-19 or similar pandemic conditions, including increased costs, social and commercial disruption, service reductions and other adverse effects on business, financial condition, results of operations and cash flows; the effects that the announcement of the merger amendment or pendency of the merger may have on Waste Management, Advanced Disposal and their respective business; inability to obtain required regulatory or government approvals or to obtain such approvals on satisfactory conditions; inability to obtain stockholder approval or satisfy other closing conditions; inability to obtain financing; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreement; the effects that any termination of the definitive agreement may have on Advanced Disposal or its business; legal proceedings that may be instituted related to the proposed acquisition; unexpected costs, charges or expenses; failure to successfully integrate the acquisition, realize anticipated synergies or obtain the results anticipated; and other risks and uncertainties described in Waste Management’s and Advanced Disposal’s filings with the SEC, including Part I, Item 1A of each company’s most recently filed Annual Report on Form 10-K and subsequent reports on Form 10-Q, which are incorporated herein by reference, and in other documents that Waste Management or Advanced Disposal file or furnish with the SEC. To view your scheduled pick-up day, please visit our interactive GFL collection map. That sum includes WM assuming $1.8 billion in Advanced Disposal’s debt. Waste Management agreed to buy Advanced Disposal’s common stock last year, and in June the price was fixed at $4.6 billion. The acquisition has taken longer than the companies originally anticipated because of antitrust regulators’ concerns about the deal stifling competition in parts of the U.S. Waste Management finalizes Advanced Disposal deal. This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws about Waste Management, Advanced Disposal and the proposed acquisition and divestitures, including but not limited to all statements about the timing and approvals of the proposed acquisition and divestitures; ability of the respective parties to consummate and finance the acquisition and divestitures; method of financing the acquisition; the amount or identity of required divestitures; integration of the acquisition; future operations or benefits; future capital allocation; future business and financial performance of Waste Management and Advanced Disposal; future leverage ratio; future redemption of senior notes; and all outcomes of the proposed acquisition, including synergies, cost savings, and impact on earnings, cash flow growth, return on capital, shareholder returns, strength of the balance sheet and credit ratings, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. This field is for validation purposes and should be left unchanged. In the recent announcement, the companies unveiled a deal to sell a number of U.S. operations to GFL in an attempt to address those U.S. Department of Justice (DOJ) antitrust concerns. The agreement with GFL Environmental addresses substantially all of the divestitures anticipated to be required by the U.S. Department of Justice, but the U.S. Department of Justice has not yet approved the transaction and continues its review in coordination with Waste Management, Advanced Disposal, and GFL Environmental. News Release. Should you have a complaint or question regarding their service, please call GFL Environmental at 1-262-679-0860 and ask for Customer Service. After more than a year and a half, Waste Management finalizes deal by completing the sale of all of the assets required by the DOJ to Ontario-based GFL Environmental. The number North American MRF workers killed on the job last year decreased, but the total number of garbage and recycling sector deaths remained flat, according to industry data. Canada Pension Plan Investment Board, which owns approximately 18% of Advanced Disposal’s outstanding shares, has entered into an amended and restated voting agreement whereby it has agreed under the terms of the agreement to vote its shares in favor of the amended transaction. Except to the extent required by law, neither Waste Management nor Advanced Disposal assume any obligation to update any forward-looking statement, including financial estimates and forecasts, after it has been made, whether as a result of new information, future events, circumstances or developments or otherwise. The companies knew they would have to divest some operations to get antitrust approval for the merger. Advanced Disposal and Waste Management, the … They are based on the facts and circumstances known to Waste Management and Advanced Disposal (as the case may be) as of the date the statements are made. “We continue to be excited by the compelling strategic rationale and financial benefits of the Advanced Disposal acquisition,” said Jim Fish, President and Chief Executive Officer of Waste Management. Advanced Disposal, based in Ponte Vedra, Florida, is the fourth largest solid waste company in the U.S. and provides integrated, non-hazardous solid waste … This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. UBS Investment Bank is serving as exclusive financial advisor to Advanced Disposal, and Shearman & Sterling LLP and Mayer Brown LLP are serving as Advanced Disposal’s legal counsel. Approximately $300 million of the total revenue is related to assets and businesses being sold to GFL Environmental to address substantially all of the divestitures expected to be required by the U.S. Department of Justice. Divested elements of that combined presence in Wisconsin could now be at the heart of a package that presents a new launching pad for GFL if the deal proceeds as anticipated. The department said that without the divestiture, the proposed … Vaughan, Ontario-headquartered GFL recently became a publicly traded company. Douglas Parker President at Alpha Petroleum Transport, Inc. / APT, Inc. II / Alpha Environmental Eng & Const Corona, California 480 connections Today’s announcement positions us to move forward with collective focus on satisfying the U.S. Department of Justice review process and successfully completing both transactions.”, “We believe the revised agreement with Waste Management, coupled with our joint agreement to sell substantially all of the divestitures to GFL Environmental, delivers significant value and certainty of closing to Advanced Disposal stockholders,” said Richard Burke, Chief Executive Officer of Advanced Disposal. It is now the fourth-largest publicly traded residential hauler in North America. The companies said then that GFL had agreed to … Find out when your recycling, trash, bulk & yard waste gets picked up: Exports of U.S. scrap paper and plastic increased in January 2021 compared with 2020, despite China’s exit from the recovered paper market and new Basel Convention regulations on plastic shipments. matthew.nelson@advanceddisposal.com or mark.nighbor@advanceddisposal.com, Waste Management’s Pending Acquisition of Advanced Disposal Will Combine Dedicated and Experienced Teams with Shared Commitments to Safety, Outstanding Customer Service and Operating Excellence, Amended Definitive Agreement to Acquire Advanced Disposal for $30.30 per share in cash, Representing a $4.6 Billion Enterprise Value, Both Waste Management and Advanced Disposal Remain Confident in the Long-Term Strength of their Businesses, Waste Management Continues to be Confident in the Long-Term Value from the Acquisition and Expects Annual Cost and Capital Expenditure Synergies to Exceed the $100 Million Previously Announced, Definitive Agreement to sell to GFL Environmental Substantially All Anticipated Divestitures, Amendment and Divestiture Agreement Provide Increased Closing Certainty, Waste Management, Advanced Disposal, and GFL Environmental Continue to Work Cooperatively with the U.S. Department of Justice to Expeditiously Gain Regulatory Clearance. ©2020 GFL ENVIRONMENTAL USA INC., 26999 Central Park Boulevard, Suite 200, Southfield, MI 48076 ©2016 RIZZO ENVIRONMENTAL SERVICES. A majority of the projects are related to plastics recycling, but others target fiber, metals and more. The purchase value was down from $4.9 billion, which the companies agreed to … GFL Environmental is the planned buyer of a package previously valued at $863.5M. A press release notes the acquisition includes recycling assets, but it doesn’t identify or otherwise describe them. are serving as Waste Management’s legal counsel. All billing questions, discounts, purchase of additional carts, missed pick-ups, and customer service feedback should be directed to GFL at the numbers above. GFL Environmental USA, Inc. (844) 464-3587 (248) 204-6762. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC (when they become available). 6200 Elmridge; Sterling Heights, MI …