Disposal area sold to Canadian company | Business

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PEORIA, Ill. – Area Disposal Service, along with its parent company, have been sold to a Canadian company.

GFL Environmental Inc. announced last week the acquisition of Peoria Disposal Co., which acquired Area Disposal in 1989.

PDC provides residential, commercial and industrial solid waste transportation and recycling services in central Illinois and eastern Missouri.

It also operates three landfills, including one in Pike County, two transfer stations, a material recovery facility and a wastewater treatment plant. PDC has a fleet of over 350 vehicles and 400 employees.

{span} “We continue to demonstrate our ability to successfully execute our growth strategy of pursuing strategic and profitable acquisitions,” said Patrick Dovigi, Founder and CEO of GFL. “The acquisition of PDC provides us with a unique opportunity to acquire one of the best sets of vertically integrated, family-owned and operated assets in the United States, while expanding our solid waste footprint in the US Midwest. PDC occupies a leading position in a secondary market with some of the highest operating margins in our industry. “{/ Span}

The Coulter family have owned PDC for over 90 years. Royal Coulter and his son, Matt Coulter, will remain with the company, while other family members will continue with GFL as consultants and advisers to help with the transition.

“After months of family reunions and feedback from trusted advisors, we made the difficult decision to put PDC up for sale,” said Royal Coulter, President and CEO of PDC. “We ran a process where we interviewed four other parties and although GFL was not the highest bidder, after spending two days with Patrick, our family felt that GFL was the right company to take over PDC and continue. the legacy we have built in Peoria over the past 93 years. Mr. Coulter concluded: “It is clear to us that GFL shares the same core values ​​as PDC: entrepreneurship, operational excellence, concern for safety and a commitment to give back to the communities it serves. I am excited to be a part of the next chapter of GFL.

Based in Vaughan, Ontario, GFL is the fourth largest environmental services company in North America with facilities across Canada and in 27 states.


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