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GFL Environmental Inc. (NYSE:NYSE:GFL) Q2 2021 Earnings Conference Call July 29, 2021 8:30 AM ETCompany ParticipantsPatrick Dovigi - Founder, President, Chief Executive OfficerLuke Pelosi -. Never mind that his brown suede shoes seem utterly ruined, that theres a smear of white sludge across the back of his black sweatshirt, or that in less than half an hour, hes scheduled to meet with an executive at one of GFLs largest investors, the $190-billion Ontario Teachers Pension Plan. And according to SEC documents, his annual base salary is $ 1.5 million, with a bonus of $ 3 billion. The yacht is designed by Zuccon International. May 21, 2021 11:30 AM. Marie, in Northern Ontario, and his parents were both teachers, though his father also owned two chains of sports bars. In 2017, Dovigi was named Entrepreneur of the Year in the Power & Utilities & Environment sector at the EY Entrepreneur of the Year Ontario Awards. GFL hopes to raise $1.98 billion, money it intends to use to repay debt and accelerate its expansion across Canada and the U.S. The designer firm is based in Rome, Italy. Most of the recycling it collects is taken to municipal facilities. That had never happened beforeno one outworks me, he says. In the meantime, GFL has grown so much since winning the Toronto contract that it accounts for only a fraction of its business. As for that Toronto contract, it lived up to its promise of cutting costs for the city, despite a rocky start that included delays, missed pickups and, as one city councillor put it, GFL trucks leaking garbage juice everywhere. Now Western countries face a glut of scrap, commodity prices for recyclables have collapsed, and cities are confronted with soaring bills to dispose of the stuff. The price of a yacht can vary greatly depending on a number of factors, including the size, age, and level of luxury of the yacht, as well as the materials and technology used in its construction. Throughout the trial, Mr. Murdaugh's lawyers argued that the police were sloppy in their investigation . Dovigi assumed his rivals must have done the same analysis. He was born in 1975. Data from 2018 suggests that he has an accumulated net worth of over $1 billion, making him one of the wealthiest people in all of Canada. The SECs original lawsuit focused on the Mulhollands $5-million West Vancouver home on Mathers Avenue owned through Vision Crest, but the commission amended its claim when it discovered the couple owned a lot in Whistler through another shell company. Patrick Dovigis elbows-up style, penchant for debt-fuelled acquisitionshes completed more than 100 since 2007and sharp eye for marketing have earned him a reputation as a disrupter in the once staid trash business. Readers of design magazine OBJEKTInternational got a peek inside House Dovigi in 2017, when it devoted a spread to the couples Ritz-Carlton penthouse. True to his move-fast, go-big style, Dovigi sold Reef Island for $9 million and bought Caniff Island, on the same lake, for around the same price. While the waste management industry is relatively resistant to recessions in comparison to, say, the airline business, its not recession-proof. Subscribe to our newsletter. With thousands of daily visitors and a strong growth rate, The details about yacht ownership as stated on this site and in our Yacht Owners Register are, The content of this website and all associated media are subject to, Embraer Legacy (C-GDJG), Quest Kodiak 100 (C-GKDG). Dovigi sold his waterfront Bal Harbour mansion at 252 Bal Bay Drive in 2020 for $23.3 million. Dovigi has heard the rumours. Biography of Patrick Dovigi. The wife of accused securities fraud artist Gregg Mulholland wants the BC Supreme Court to remove the U.S. Avalanche terrain extremely dangerous right now, North Shore Rescue warns, Province drops 'substantial' infrastructure cash on North Shore municipalities, Handsworth Secondary introduces soundproof study pod. Green For Life GFL Environmental Inc. was founded in 2007. The company was founded in 1984 by Gianni Zuccon and his late wife Paola Galeazzi. . Within a year, GFL nonetheless appeared ready to plunge into public markets, with news reports in 2017 suggesting it was pursuing a $1-billion IPO. I dont smoke, I dont drink, I dont do drugs. The content of this website and all associated media are subject to. The stakeouts began at the crack of dawn. Our reporting is copied and/or used by many international media companies. Now the couple is renovating a seven-bedroom period home in Rosedale to accommodate their expanding brood. They have 5 children, including 2 from previous marriages. Dovigi continues to serve as GFL's president and chief executive officer. Four seats to the left of Mulroney is Patrick Dovigi of Green for Life Environmental, and his wife, Fernanda Dovigi (in orange). She can accommodate up to 12 guests and 28 qualified crew members. Patrick Dovigi is the founder of Canadian environmental services company, Green For Life Environmental Inc. Dovigi, a onetime Edmonton Oiler, bought a $44.5 million six-bedroom home on 3.5 acres, according to the Wall. Early on, Dovigi realized the importance of building a brand that would unify his acquisitions and stand out, even in the unglamorous world of garbage. We are committed to acting in the best interest of all shareholders and defending the organization against such false and distorted attacks," Chiesa said. She has an overall length that spans 242.9 feet or 74 meters, a beam of 44.3 feet or 13.5 meters, and a draft of 12.1 feet or 3.9 meters. (It has since been sold for $13 million.) His [Dovigi's] mind was somewhere else. Patrick Dovigi is a Canadian former hockey goalkeeper, entrepreneur, businessman and founder, president and chief executive officer of Canadian environmental services company, Green For Life Environmental Inc. (GFL). We are not sure what brand of luxury yacht tender this superyacht has. They have 5 children, including 2 from previous marriages. BBRC is a private investment company that is active in 3 key portfolios. The yachts interior is designed by Winch Design. Her annual running costs are around $9 million. Retired professional hockey player and Canadian waste management billionaire Patrick Dovigi has sold a mansion in the ritzy Bal Harbour area near Miami, reports South Florida real estate news. In a little over a decade, Patrick Dovigi has transformed GFL Environmental from virtually nothing into a trash empire with more than 9,500 employees collecting waste, recycling and organics from more than four million households in nine provinces and 23 U.S. states. ago] Height 6.01 -- Weight 203 [185 cm/92 kg] Drafted by Edmonton Oilers This site is for entertainment purposes only.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'superyachtfan_com-large-mobile-banner-2','ezslot_8',676,'0','0'])};__ez_fad_position('div-gpt-ad-superyachtfan_com-large-mobile-banner-2-0'); The content of this website and all associated media are subject to copyright. Patrick Dovigi So I think you will -- yes, the $75 million to $100 million is the right number. Over the years, he has bought and sold three homes in Forest Hill. The CEO meets personally with nearly all of GFLs acquisition targets, jetting around the continent on the companys Bombardier jet, and pursues the same type of on-the-ground research he did in Toronto. A handful of U.S. law firms have announced investigations of the Spruce Point allegations, some seeking whistle-blowers with knowledge of GFL. Dovigis path to the garbage business took several turns. I had this opportunity to put 85 beautiful, bright green trucks in Canadas largest city, Dovigi says. The companys unmistakable lime-green trucks now service more than 100 municipalities in Canada, including parts of Toronto, Hamilton, Halifax and Edmonton, plus hundreds more in the U.S., from bigger cities like Detroit and Nashville to small centres such as Alamance County, North Carolina, and Rochester Hills, Missouri. At the IPO he sold 1.6 million shares, earning around $30 million. City. He says no company in the U.S. is consolidating across different types of waste collectionin particular, liquid waste and industrial servicesas intently as Dovigi is. Dovigi, founder, president and CEO of Green For Life Environmental, a Canadian waste management company, sold the eight-bedroom, 11,783-square-foot home at 252 Bal Bay Drive to 252 MKP LLC. [11], Dovigi then established a new company and worked with the municipality of Vaughan and the environment ministry for two years to return the operating license to the waste transfer station. In 2007, Patrick had a vision to create a company that is Read More Patrick Dovigi's Phone Number and Email Last Update 11/30/2022 11:28 PM Email p***@gflenv.com Engage via Email Contact Number Patrick currently serves on the board of directors of the Toronto General & Western Hospital Foundation. In March 2020, the company was stock listed on the Toronto Stock Exchange, valuating the company at $6.1 billion. Tom Ford. They also own a summer house on Lake Joseph in Ontario. When people buy less stuff, they produce less garbage, forcing waste companies to compete harder on price. Mr. Sanders later renovated the property, according to a person familiar with the situation. His net worth is estimated at $1 billion. Disable anytime. Its unlikely any of his investors would complain about a bit of trash. Last year, it reported a net loss of $611 million, a sixfold increase from 2017, due, in part, to a jump in interest charges and other finance costs. Through the acquisition of Turtle Island Recycling earlier in the year, it had also taken over garbage pickup in Etobicoke, which was privatized before amalgamation with Toronto. With thousands of daily visitors and a strong growth rate, The details about yacht ownership as stated on this site and in our Yacht Owners Register are. More Yacht Tenders. ", Want to read more stories about business in the North? Marie-born billionaire founder of GFL Environmental Inc., issued another statement early Aug. 25 deploring allegations made by New York short-seller Spruce Point Capital Management. Toronto is one of them. 0 references. Sometimes when he speaks about his plans for GFL, he comes across like a hockey player giving an interview between periods: You know, weve got to continue executing the organic growth initiatives and, you know, expanding some of the liquid waste business and infrastructure business into the U.S. During one hour-long interview, he repeats you know more than 200 times. Patrick is the Founder, President and CEO and Chairman of the Board of Directors of GFL. For the optimum Mansion Global experience, please turn off any ad blockers and refresh this page. Along with this, she can also fit 25 qualified crew members. Reflecting on the talk now, he laughs. Under Dovigi's leadership, GFL Environmental has grown to have a total enterprise value of $5.13 billion as of April 2018. Please mention SuperYachtFan when using this information.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[320,100],'superyachtfan_com-medrectangle-4','ezslot_7',683,'0','0'])};__ez_fad_position('div-gpt-ad-superyachtfan_com-medrectangle-4-0'); He lives with his wife Fernanda Dovigi in a large house in Toronto. This is a crucial moment for Dovigi. As Dovigi explains the importance of that Toronto contract, hes sitting in the boardroom of the companys Toronto satellite office, in the chi-chi Yorkville neighbourhood. 0 references. His husband's name is Dave Kolesar. In a response to the SECs lawsuit, also filed April 20, Delia Mulholland, as a Vision Crest director, denies that the properties and the companies were part of her husbands alleged fraud. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. The upshot was that the city had 110 trucks to do the job, while Dovigis analysis revealed GFL could do it with 85. Do you have anything to add to this listing? Dovigi, founder and CEO of Canada-based Green for Life Environmental, was a goalie for the Edmonton Oilers. Blundy sold his shares and started the lingerie chain Bras N Things.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'superyachtfan_com-medrectangle-4','ezslot_2',696,'0','0'])};__ez_fad_position('div-gpt-ad-superyachtfan_com-medrectangle-4-0'); The boat was available foryachtcharterthrough Burgess Yachts. In other cases, they were looking for places to build transfer stations or taking stock of where businesses store their garbage bins. Often actual yacht ownership by the private individuals mentioned can not be confirmed, at least from a legal point of view. Patrick Dovigi Founder, President, Chief Executive Officer Patrick is the Founder, President and CEO and Chairman of the Board of Directors of GFL.

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