Company looks to compete for upcoming building contracts with buy
TORONTO—The excavating arm of GFL Environmental Inc. is expanding its footprint in infrastructure with a new acquisition.
The company has announced it will buy soil retention and building foundation service firm, the Anchor Shoring Group. The company says with a number of expected commercial and residential projects across Ontario in the next five years, the acquisition will boost its competitive level for large-scale projects.
“The combination of Anchor with GFL creates a unique, integrated platform from which we can serve all of our clients’ demolition, excavation, shoring and foundation needs,” Patrick Dovigi, founder and CEO of GFL, said. “We are thrilled to welcome Dawn Tattle, Derrick Speakman and all of Anchor’s employees to GFL.”
With a 45-year history, Anchor has completed over 4,500 project across Ontario, Quebec and Atlantic Canada, including shoring work for Toronto’s Air Canada Centre and numerous Toronto subway stations.
The acquisition follows GFL’s $800 million purchase of Matrec, which was the solid waste division of TransForce Inc., last year.