Competition Bureau approves Environmental 360 Solutions purchase of seven facilities
by CM Staff
The sale of these facilities resolves the Bureau's competition concerns resulting from GFL's acquisition of Terrapure.
GATINEAU — The Competition Bureau has approved Environmental 360 Solutions Ltd. (E360S) as the purchaser of seven facilities that supply industrial waste services (IWS) and/or oil recycling services (ORS) in western Canada from GFL Environmental Inc. (GFL). The sale of the business was completed on October 17, 2022.
The facilities are located in the following regions across British Columbia, Alberta and Saskatchewan:
- Nanaimo, BC;
- Kelowna, BC;
- Prince George, BC;
- Nobleford, AB;
- Big Valley, AB;
- Lloydminster, AB; and
- Maidstone, SK.
In April 2022, the Bureau reached an agreement with GFL requiring the company to sell its assets in those seven regions to remedy the likely substantial lessening of competition resulting from the acquisition of Terrapure Environmental Ltd. Prior to the transaction, Terrapure was GFL’s closest competitor in many IWS and ORS markets in western Canada.
The sale of these facilities resolves the Bureau’s competition concerns resulting from GFL’s acquisition of Terrapure.
