GFL Environmental’s billionaire CEO, Patrick Dovigi, said Thursday morning that the waste management firm is co-operating with investigators and ramping up security measures following a series of violent attacks targeting its facilities and employees.
Addressing analysts at GFL’s third quarter earnings call, Dovigi confirmed investigators had reached out and the company was working with them, but assured investors the incidents will not “distract us from continuing to drive the business forward.”
“We are co-operating in the investigations and trust that the authorities will bring them to a successful resolution, hopefully in the near term,” he said, adding that GFL is reviewing its security measures with third-party consultants.
“We also remain focused on the safety and well being of our employees.”
Last week, a GFL hauling yard on Weston Road in Vaughan was the latest target of a late night shooting. No injuries have been reported.
Investigators with the Toronto Police Guns and Gangs unit said they are looking at the incident as part of a larger case involving a Sept. 29 shooting at Dovigi’s Rosedale home. Shortly afterward, shots were fired into another home in Toronto, reportedly owned by one of Dovigi’s associates at GFL.
GFL reported third-quarter revenue of $2 billion, representing a 9.3 per cent increase compared with the same period in 2023.
The company also said it has received proposals from potential buyers to acquire its environmental services division, and expects a sale to occur for approximately $6 billion after tax by year-end.
