And infrastructure services, including site excavation, demolition, shoring and foundations, civil projects, soil retention, and remediation. Under Dovigi's leadership, GFL Environmental has grown to have a total enterprise value of $5.13 billion as of April 2018. This article was published more than 3 years ago. Sometimes in the sports world, you feel like a piece of meat, he says. The people who work for GFL dont enjoy the same level of job security, health and safety protection, and all the benefits public sector workers enjoy. (The company says it places a high priority on the health and safety of its workers.) Linked companies : GFL Environmental Inc. Statistics of Patrick Dovigi, a hockey player from Sault Ste. In the hot seats: Who's sitting courtside (or close to it) to watch the That company is now part of AllianceBernstein. (. People like to think its like an episode of The Sopranos. With his consolidation plan in hand, Dovigi lined up a meeting with Chris Payne, a managing partner at Genuity Capital Partners, now called Hawthorn Equity Partners. With thousands of daily visitors and a strong growth rate,SuperYachtFan became one of thelargest superyacht sites. In July, GFL acquired Canada Fibers, which handles 60% of Ontarios blue-box recycling. ESG - Board of Directors - Person Details - GFL Environmental (. 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. He was very confident, very fact-based and measured in setting expectations, says Payne. Do you have anything to add to this listing? The short answer: a lot. Dora Puig of Luxe Living Realty and Carl Gambino of Compass were the listing brokers. After operating largely away from the public eye for more than a decade, GFL will undergo a level of scrutiny with its IPO that he has never experienced. GFL, on the other hand, carried out all maintenance and refuelling overnight. Our reporting is copied and/or used by many international media companies. No. At the time, Dovigi called it a terrible decision that left him bitterly disappointed. There are markets where there are opportunities for us to have our own cradle-to-grave solutions, says Dovigi. The yachts owner was Canadian billionaire Patrick Dovigi. The yachts interior is designed by Winch Design. 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. #top .av-special-heading.av-15bbg6a-b59912668fb8578cb348fb067939b429{padding-bottom:10px}body .av-special-heading.av-15bbg6a-b59912668fb8578cb348fb067939b429 .av-special-heading-tag .heading-char{font-size:25px}.av-special-heading.av-15bbg6a-b59912668fb8578cb348fb067939b429 .av-subheading{font-size:15px}. Patrick Dovigi. 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. [3], In honour of his hometown, in 2018 Dovigi acquired naming rights for GFL for the home of the Soo Greyhounds from the city of Sault Ste. The Toronto-based company is active in waste management. He owns 2 private jets. That property, a roughly. Jury Finds Murdaugh Guilty of Killing Wife and Son - The New York Times The closing of the notes offering and the expansion of our U.S. footprint through the announced acquisitions of WCA Waste Corporation and the Waste Management, Inc. and Advanced Services Disposal, Inc. divestiture assets reflect our strong commitment to a dynamic growth strategy and the creation of long-term shareholder value. The stakeouts began at the crack of dawn. GFL Environmental Inc. (GFL) CEO Patrick Dovigi on Q3 2021 Results Outside the world of tech unicorns, few companies in Canada have grown so massive, so fast. The yacht was sold in early 2019. Patrick Dovigi Net Worth He was born into the large Italian community in Sault Ste. Who is Patrick Dovigi? It has just 20 people working in its corporate head offices, says Dovigi. "The GFL board of directors stands 100 per cent behind the company's management team, strategy and focus on long-term shareholder value in the face of Spruce Point's misrepresentation of the company's public disclosures and their confusion about our industry and even basic accounting principles," added Dino Chiesa, lead independent director of GFL's board. On the other hand where theres smoke, there is fire ;-). A hearing is scheduled in BC Supreme Court on May 2, 2016. Enable push notifications on your device. Every six months, I get a new one., With the IPO, depending on the valuation GFL receives, Dovigis stake could be worth up to $2 billion, and the companys prospectus shows that in fiscal 2018, his total pay package was $47.5 million, making him one of the highest-paid CEOs in the country. 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. With thousands of daily visitors and a strong growth rate,SuperYachtFan became one of thelargest superyacht sites. This was an instant success as many people around the world are interested in, or curious about, these multi-million dollar yachts and their wealthy owners. The LADY JORGIA yacht is Patrick Dovigi, a former Canadian hockey goalkeeper. Kayak CEO Steve Hafner paid $40 million for that unit late last year. He also owns a Quest Kodiak 100 waterplane (C-GKDG), which he uses to fly to his residence on his private island near Toronto. Toronto is one of them. 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. For more stories from Business in Vancouver visit the website at biv.com. The town council voted against Dovigis proposal. The unit has a lanai, or covered terrace, that is bigger than the condo itself, totaling nearly 5,000 square feet with its own pool and cabana, as well as a media room, four bathrooms and three-half bathrooms. Delia Mulholland, now claiming to be Vision Crests sole director, denies the SECs allegations and is seeking to sell the Whistler property to pay her husbands legal costs, in addition to taxes owed to the District of West Vancouver and contractors. Young Patrick showed skill between the posts, and while he was in his teens, he got an agent and moved south to play for the Ontario Hockey League, eventually being traded to the St. Michaels Majors in Toronto. place of birth. Dovigi will own all of them, giving him roughly 40% voting control of GFL. Patrick Dovigi; Born: July 2, 1979 Birthplace: Sault Ste. In 2017, Dovigi's net worth was estimated at $1.08 billion. GFL, which stands for Green for Life, has an even larger business in hauling waste away from companies, office towers and apartment buildings. An Embraer Legacy 450 with registration C-GDJG. City. Global retail brands, retail property and beef breeding. The interior of the LADY JORGIA yacht was designed by Winch Design, an award-winning studio founded by Andrew Winch and his wife, Jane. ), A bigger question is how Dovigi will adjust to life under the watchful eyes of the market, analysts and regulators. I had this opportunity to put 85 beautiful, bright green trucks in Canadas largest city, Dovigi says. His husband's name is Dave Kolesar. China made up for our laziness, says Manziaris. Its okay, Dovigi says of the stains. We have private-company levels of debt, and once we go public, we will have public-company levels of debt, says Pelosi. Waste Management Mogul Sells Bal Harbour Mansion For $23M [11], In 2004, Dovigi took a seat on the board of NGTV, otherwise known as No Good TV, which was a YouTube music and celebrity channel and an organization chaired by Kiss bassist and vocalist Gene Simmons.[6]. In other cases, they were looking for places to build transfer stations or taking stock of where businesses store their garbage bins. More Yacht Tenders. Puig also represented the buyer. Dovigi continues to serve as GFL's president and chief executive officer. I got scared and realized I couldnt beat him, so I joined him., 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.The Globe and Mail. "After founding this company in 2007 with $250,000 and four employees, to now growing the company to nearly $4 billion of revenue, with over 13,000 employees, completing over 130 . Dovfam Fisher. The silver lining is that all this came out just after we closed, so it was clear the new guard and old guard were different, says Dovigi. I dont smoke, I dont drink, I dont do drugs. By using the Maple transfer station as a base, he believed he could stitch together some of these smaller solid and liquid waste shops, and bundle their services for customers. The dog kennels area at the Murdaugh property. The aircraft was built in 2019. Language Label Description Also known as; English: . [3] In 2018, GFL merged with Waste Industries,[4] increasing Dovigi's net worth to more than $1 billion. I dont have any vices except for onecars, he says. 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. From the moment he and GFL arrived on the waste management scene in 2011by beating out far larger rivals with a low-ball bid to privatize residential garbage collection in a wide swath of west Torontothere have been questions, uttered darkly in anonymous corners of the internet, about how he did it. Throughout the trial, Mr. Murdaugh's lawyers argued that the police were sloppy in their investigation . The Toronto-based company is active in waste management. I think the lion's share of that will come in through various parts of the year in 2023, and you . We reserve the right to publish any information submitted to us. Andrew Winch started his career by working at Jon Bannebergs design studio. Green For Life maintains over 20,000 employees and Dovigi's net worth is estimated at over $1 billion. Her annual running costs are around $9 million. Reached by phone by Business in Vancouver, Dovigi said he was aware of the SECs lawsuit, but is interested only in getting clear title on the lot. I dont know anything about the Mulhollands.. 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. By Jordan Pandy. GFL Executive Team | GFL Environmental How could a man whose rsum includes a stab at becoming an NHL goalie, a stint in automotive leasing and a failed venture alongside Kiss frontman Gene Simmons, create such a vast fortune from nothing? He resigned on 1 March 2023 after being arrested due to charges of Child Pornography. 0 references. And behind Dovigi, to the left, is Canadian Ambassador to. Its a bit like Elon with Teslaeventually, the story and the results have to sync up, and if theres skepticism, the markets can go the other way, and access to capital becomes diminished, and it becomes self-fulfilling that you stop growing because youre not buying things.. That was not a pleasant experience for me, he says. A two-month cleanup became a two-year project, during which, Dovigi says, his eyes were opened to opportunities in the industry. Subscribe to our newsletter. Patrick Dovigi - Founder & Chief E.. - GFL Environmental | ZoomInfo The photos show some of the Burtynskys, along with a six-by-six-foot print of Heath Ledgers face by photographer Martin Schoeller and a life-sized statue of a security guard by ultrarealist sculptor Marc Sijan. In 2007 he launched Green For Life Environmental Inc. with $25,000. On the day of our photo shoot, Dovigi arrives in a sleek black Lamborghini SUV, which hed bought three months earlier and planned to swap for another set of wheels three months later. Then theres the squad of activist short sellers who have made an art out of crusading against high-flying Canadian companies with rich valuations and aggressive growth strategies. I have to give it away. (In June, he donated $5 million for a new sports medicine clinic at Torontos Mount Sinai Hospital.). "GFL's financial disclosures are accurate in all material respects, appropriate and comply with all regulatory requirements. Records show he paid $10.5 million for unit 6812 in 2019, the year the building was completed by Heinrich Von Hanaus PDS Development. [15] Also in 2018, Dovigi was elected to the Board of Directors of the Environmental Research & Education Foundation (EREF). GFL is sensitive about the perception of its debt. 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. CRN Yachts is a luxury yacht builder based in Ancona, Italy. Patrick Dovigi - Biography - MarketScreener.com In her affidavit, she claims to be the sole officer and director of both Vision Crest Consulting Group Ltd. and 2978 High Point Drive Whistler Holdings Ltd., both of which are named in a lawsuit filed by the Securities and Exchange Commission (SEC) as alleged shell companies used to cloak money reaped from her husbands alleged offshore securities fraud scheme. Patrick Dovigi, the CEO of GFL Environmentalthe fourth-largest waste management company in North Americaclambers over a pile of stained mattresses, crushed plastic bottles and rotting wood at the companys waste transfer station in northwest Toronto. Dovigi sold the yacht in February 2023 How Much is the ANDREA Yacht? The designer firm is based in Rome, Italy. In 2007, Patrick had a vision to create a company that is a "one stop shop" provider of environmental solutions. Was it goaltending or big tech? Dovigi swung into crisis mode. I wanted to do something where I could control my own destiny.. His daughter now divides her time between Toronto and California. Growing up in Sault. Red Mountain residence sells for record-breaking $72.5M Canadas king of garbage is, at this moment, standing shin-deep in the stuff. The familys own cottage was a 7,500-square-foot home with two boathouses Dovigi built on the private 3.5-acre Star Island, which he bought for $2.8 million in 2013. (Three men who operated the site before Dovigis arrival were ultimately found guilty under Ontarios Environmental Protection Act of causing or permitting contaminants to be released into the environment; they were sentenced to 11 days in jail.). The content of this website and all associated media are subject to. Patrick Dovigi - Wikipedia Patrick Dovigi, the Sault Ste. He is married to Fernanda Dovigni. Or credit a source? Delivers the most important property news around the world to your inbox each weekday, COPYRIGHT 2023 MANSION GLOBAL. Her value is $90 million. Patrick Dovigi is the founder and CEO of Green For Life Environmental Inc. (GFL), a Canadian multi-sector environmental services company with headquarters in Toronto, Canada. Dovigi attended Ryerson University in Toronto in 2000, studying business management at the school. He is the founder of BB Retail Capital. DISCLAIMER: The currency conversion is provided for illustration purposes only. The stakes were high. Now the couple is renovating a seven-bedroom period home in Rosedale to accommodate their expanding brood. Patrick Dovigi (Q23769970) From Wikidata. He is now an entrepreneur and businessman who is also the Chief Executive Officer of Green For Life Environmental Inc., a waste management company that provides environmental services. More:U.S. Vacation-Home Market Is Outpacing the Broader Housing Boom. One project drew stiff resistance from locals. He sold the yacht to US casino billionaire Steve Wynn, who named the yacht after his wife Andrea Wynn. We realize the most organic search traffic of all known yachting websites.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'superyachtfan_com-leader-2','ezslot_10',855,'0','0'])};__ez_fad_position('div-gpt-ad-superyachtfan_com-leader-2-0'); We are active on social media including Facebook, Instagram, YouTube, Twitter, and TikTok. She weighs a hefty 9,604 gross tons, is capable of cruising at speeds of 21 knots, and can go to a maximum speed of 23 knots. This was an instant success as many people around the world are interested in, or curious about, these multi-million dollar yachts and their wealthy owners. Name * Email * Website. Theres some irony in the fact that as the Western world faces a garbage crisis, the garbage business is booming. Federal and provincial governments have begun to mandate that companies take responsibility for end-of-life management of both products and packaging. Introduction. For decades, Asian markets, particularly China, couldnt get enough of the worlds empty plastic bottles, old newspapers and aluminum cans, which could be cheaply remade into new goods. It was funny. She also has Satcom, complete air conditioning, and wifi access. Founder & Chief Executive Officer at GFL Environmental Patrick is the Founder, President and CEO and Chairman of the Board of Directors of GFL. Reflecting on the talk now, he laughs. PATRICK DOVIGI Net Worth $1 Billion Yacht - Private Jet The buyer is listed as Patrick Dovigi, a former professional hockey player once drafted by the Edmonton Oilers, who now runs a sanitation company in Ontario. He also owns a house in Singapore. High-end residential sales, in the tens of millions of dollars, have soared recently throughout South Florida, but in particular in Miami-Dade and Palm Beach counties. Dovfam Fisher Lanai LP, led by Dovigi, financed the Fisher Island purchase with an $8.7 million mortgage from Bank of Montreal, records show. She weighs 2,200 gross tons and is powered by 2 Caterpillar engines capable of outputting 2680 hp, which enable her to cruise at speeds of 12 knots and can go to a maximum speed of 16.5 knots. It was waste management. We are not responsible for any loss that you may incur as a result of relying on these currency conversions. A Legacy 450 has a list price of $ 15 million. Rich 100 rank: #97 NEW Major company holdings: Green For Life Environmental Location: Toronto Age: 38. The LADY JORGIA yacht is Patrick Dovigi, a former Canadian hockey goalkeeper. LADY KATHRYN V (203 feet) Owned by Construction CEO Leo Vecellio. It was Dovigis first exposure to the waste business, though he might just as easily have wound up in Hollywoodone of Brovis investments was a broadcast venture with Kisss Simmons called No Good TV; Dovigi spent time in California with the rocker and sat on the companys board, but it was a bust. At the IPO he sold 1.6 million shares, earning around $30 million. 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. GFL Environmental CEO Patrick Dovigi on rising from the - Waste Dive Mr. Dovigi is president and CEO of Green For Life Environmental, a Canadian environmental services and waste management company. Nutrition moguls flip Fisher Island condo for $23M Dovigi knew many mom-and-pop operations would soon go on the block as their owners retired, but the big guys were too lumbering to be interested in such tiny deals. But he didnt keep her for long, as she was sold again. GFL valued Mr. Dovigi's stock-options grant at $31.52-million, up from a 2020 option grant valued at $26.57-million. It was called Disko Duck. "After founding this company in 2007 with $250,000 and four employees, to now growing the company to nearly $4 billion of revenue, with over 13,000 employees, completing over 130 acquisitions and raising over $8 billion of equity and debt during that time period, our track record speaks for itself," said the former Edmonton Oiler draft pick who pivotedto the world of business. The merger doubled GFL's presence in the United States.[4]. But just as crews began to move material, a massive fire broke out that burned for two weeks, spewing black smoke over Maple and nearby Vaughan. Luke Pelosi, GFLs chief financial officer, describes driving with Dovigi around small communities like Estevan, Saskatchewan, and Fox Creek, Alberta, looking for acquisition targets. Im just trying to buy a piece of real estate, he said. This year, a unit at the Four Seasons Residences at The Surf Club sold for $4,930 per square foot, setting the record countywide. [21], Last edited on 30 September 2022, at 02:08, "Top of the heap: How BC Partners pulled off the biggest private buyout in Canada with GFL deal", "GFL Environmental Inc. announces $5.125 Billion recapitalization with new investors led by BC Partners and their partner OTPP", "GFL Environmental buying U.S. company Waste Industries in deal valued at $3.65B", "Toronto's new garbage magnate stickhandles his way to the front", "Q&A: Patrick Dovigi, the NHL-goalie-turned-entrepreneur who won Toronto's lucrative garbage contract", "Muskoka, Canada's Vacation-Home Haven, Gets a Modern Makeover", "Looking back at the 1996 and 1997 drafts", "Business is picking up at garbage upstart Green for Life", "GFL Environmental Completes CAD$800m Acquisition of Matrec", "GFL to stay private amid IPO rumors with $5B recapitalization deal", "GFL Founder & CEO Patrick Dovigi Wins Prestigious Ernst & Young Award", "We can officially call it 'The Gardens' again", "Marty Bryant, Patrick Dovigi and Tara Hemmer Elected to EREF Board of Directors", "Patrick Dovigi Donates $5M To Fund New Dovigi Family Sports Medicine Clinic", https://en.wikipedia.org/w/index.php?title=Patrick_Dovigi&oldid=1113156233, This page was last edited on 30 September 2022, at 02:08.
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