Patrick Dovigi

Last updated
Patrick Dovigi
Patrick-Dovigi.jpg
Born (1979-07-02) July 2, 1979 (age 44)
Sault Ste. Marie, Ontario, Canada
Alma mater Ryerson University
Occupation(s)Businessman, entrepreneur
Known forFounder and Chief Executive Officer of Green For Life Environmental Inc. (GFL)

Patrick Dovigi is a Canadian former hockey goaltender, entrepreneur, businessman and founder, president and chief executive officer of Canadian environmental services company, Green For Life Environmental Inc. (GFL). Under Dovigi's leadership, GFL Environmental has grown to have a total enterprise value of $5.13 billion as of April 2018. [1] [2] In 2017, Dovigi's net worth was estimated at $1.08 billion. [3] In 2018, GFL merged with Waste Industries, [4] increasing Dovigi's net worth to more than $1 billion.

Contents

Early life and education

Patrick Dovigi grew up in Sault Ste. Marie, Ontario. [5] As a boy, Dovigi demonstrated a talent for hockey goaltending, an interest supported by his family. Dovigi attended Ryerson University in Toronto in 2000, studying business management at the school. [6]

Hockey career

Dovigi played minor league hockey in Canada, tending goal for the Ontario Hockey League (OHL)'s Erie Otters in parts of three seasons from 1996 to 1999. [7] Dovigi also played as a goalie for Toronto's St. Michael's Majors in the team's 1998 to 1999 season. [8]

In 1997, Dovigi followed his cousins into the National Hockey League (NHL) in Canada when he was drafted 41st as a goalie by the Edmonton Oilers in that year's entry draft. [5] [9] Although passionate about playing hockey, a teammate of Dovigi's recalls that, "We were thinking only about hockey. His [Dovigi's] mind was somewhere else". [8]

Early career

While playing minor league hockey, Dovigi began gaining business and entrepreneurial experience. From 1999 to 2002, Dovigi served as vice president of Right Lease, a construction equipment and automotive leasing company. In 2002, Dovigi gained exposure in corporate finance when he joined Brovi Investments. It was while working at Brovi Investments that Dovigi gained his first experience in waste management. [5]

In 2004, a waste transfer station in Maple, Ontario suffered a fire. Brovi Investments had a mortgage on this waste transfer station and Dovigi was assigned to take care of the station's clean-up. [10]

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. [10]

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]

Green For Life Environmental Inc.

In 2007, Dovigi founded Green For Life Environmental Inc. As Dovigi has mentioned to the media in the past, [8] in establishing GFL, Dovigi had two goals in mind: first, to unlock the potential value hidden in small, mom-and-pop waste companies in Canada; second, to conveniently offer bundled environmental services under one company brand, an offering that was not present in the Canadian waste industry at the time.

Dovigi successfully led in merging and acquiring several local haulers, including National Waste Services. [5] GFL would go on to successfully acquire nearly a dozen waste management companies. [8]

Dovigi and GFL gained a significantly higher level of prominence when the company won a $186-million, nine-year contract to manage and collect the residential waste of 155,000 homes in the west end of Toronto. [8]

In 2016, GFL gained an equity investment from Macquarie Infrastructure Partners, which raised the total value of GFL to roughly $2.4 billion. [11]

In April 2018, GFL negotiated a recapitalization with BC Partners and Ontario Teachers' Pension Plan at $5.125 billion. [12] In October 2018, GFL merged with Waste Industries in a deal that valued Waste Industries at US$2.825 billion (approximately C$3.65 billion). The merger doubled GFL's presence in the United States. [4]

Dovigi continues to serve as GFL's president and chief executive officer.

Recognition and community involvement

In 2017, Dovigi was named Entrepreneur of the Year in the Power & Utilities & Environment sector at the EY Entrepreneur of the Year Ontario Awards. [13] In 2018, he appeared on the Canadian Business - Canada's Richest People 2018 list at #97 with a listed net worth of $1.08 billion. [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. Marie. The arena will be called the GFL Memorial Gardens for the next 10 years. [14] Also in 2018, Dovigi was elected to the Board of Directors of the Environmental Research & Education Foundation (EREF). [15]

Dovigi has made financial donations to organizations that include Camp Oochigeas, [16] Habitat for Humanity, [17] Sunnybrook Foundation, The National Ballet of Canada. [18]

In June 2019, Dovigi donated $5 million to fund a new sports medicine clinic, called The Dovigi Family Sports Medicine Clinic, which will be built in partnership with Sinai Health in Toronto. [19]

Other organizational work

Dovigi serves as a director on the board of directors for the Ontario Waste Management Association (OWMA). [20]

Personal life

Dovigi lives in Toronto with his wife and five children and has a second home in Muskoka, Ontario. [21]

In 2021, an entity tied to Dovigi purchased an apartment for $4.5 million on the 38th floor of 432 Park Avenue, a luxury development in New York City. [22] In December 2022, Dovigi sold his Aspen, Colorado mansion for $55 million, after one year of ownership. [23]

In May 2023, Dovigi purchased €330 million superyacht Ahpo from fellow Canadian billionaire Michael Lee-Chin. [24] Upon his purchase, it was renamed Lady Jorgia. [25] It made its first high-profile appearance since Dovigi's purchase at the 2023 Monaco Grand Prix. [26]

Related Research Articles

<span class="mw-page-title-main">Tim Hortons</span> Multinational coffeehouse and restaurant chain

Tim Hortons Inc., commonly nicknamed Tim's, Timmies, or Timmy's, is a multinational coffeehouse and restaurant chain based in Canada with headquarters in Toronto; it serves coffee, donuts, sandwiches, and other fast-food items. It is Canada's largest quick-service restaurant chain, with 5,701 restaurants in 13 countries, as of September 2023.

<span class="mw-page-title-main">Royal Bank of Canada</span> Financial institution

Royal Bank of Canada is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 20 million clients and has more than 100,000 employees worldwide. Founded in 1864 in Halifax, Nova Scotia, it maintains its corporate headquarters in Toronto and its head office in Montreal. RBC's institution number is 003. In November 2017, RBC was added to the Financial Stability Board's list of global systemically important banks.

<span class="mw-page-title-main">Brookfield Corporation</span> Canadian asset management company

Brookfield Corporation is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$725 billion of assets under management in 2022. It focuses on direct control investments in real estate, renewable power, infrastructure, credit and private equity. The company invests in distressed securities through Oaktree Capital, which it bought in 2019. Brookfield's headquarters are in Toronto.

Michael Lee-Chin, is a Jamaican-Canadian billionaire businessman, philanthropist and the chairman and CEO of Portland Holdings Inc, a privately held investment company in Ontario, Canada.

<span class="mw-page-title-main">Maple Leaf Sports & Entertainment</span> Canadian sports and real estate company

Maple Leaf Sports & Entertainment Ltd. (MLSE) is a professional sports and commercial real estate company based in Toronto, Ontario, Canada. With assets that include franchises in four of the six major professional sports leagues in the United States and Canada, it is the largest sports and entertainment company in Canada, and one of the largest in North America.

Adams Mine is an abandoned open pit iron ore mine located in the Boston Township of the District of Timiskaming, 11 km (6.8 mi) south of Kirkland Lake in the Canadian province of Ontario. It is situated on the Canadian Shield.

<span class="mw-page-title-main">Ontario Teachers' Pension Plan</span> Ontario educational pension plan organization

The Ontario Teachers' Pension Plan Board is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian province of Ontario. Ontario Teachers' also invests the plan's pension fund and it is one of the world's largest institutional investors, acting as a partner organization of the World Economic Forum. The plan is a multi-employer pension plan, jointly sponsored by the Government of Ontario and the Ontario Teachers' Federation.

Bauer Hockey LLC is a manufacturer of ice hockey equipment, fitness and recreational skates and apparel. Bauer produces helmets, gloves, sticks, skates, shin guards, pants, shoulder pads, elbow pads, hockey jocks and compression underwear, as well as goalie equipment. Some of its equipment, such as its ice hockey skates, are also approved for use in the sport of ringette.

<span class="mw-page-title-main">GFL Memorial Gardens</span> Current home of the OHLs Sault Ste. Marie Greyhounds

The GFL Memorial Gardens, formerly the "Essar Centre", is a 4,928 seat sports and entertainment centre in downtown Sault Ste. Marie, Ontario, Canada. It opened on September 29, 2006, replacing the now demolished Sault Memorial Gardens. The new building was constructed directly next door to the former Memorial Gardens and incorporated its most distinctive feature, the Memorial Tower, into its plans. The block surrounding the arena is called "Memorial Square."

<span class="mw-page-title-main">Keele Valley landfill</span> Closed landfill in Vaughan, Ontario, Canada

The Keele Valley landfill was the largest landfill in Canada and the third largest in North America during its operation. It was the primary landfill site for the City of Toronto and the regional municipalities of York and Durham from 1983 until 2002, and was owned and operated by the City of Toronto. It was located at the intersection of Keele Street and McNaughton Road in Maple, a community in the northeastern part of the City of Vaughan in Ontario.

Toronto Solid Waste Management Services is the municipal service that handles the transfer and disposal of garbage as well as the processing and sale of recyclable materials collected through the blue box program in Toronto, Ontario, Canada.

<span class="mw-page-title-main">Douglas G. Bergeron</span>

Doug Bergeron is a Senior Advisor to GTCR, a leading private equity firm based in Chicago.

<span class="mw-page-title-main">Waste Connections</span> North American integrated waste services company

Waste Connections, Inc. is a North American integrated waste services company that provides waste collection, transfer, disposal and recycling services, primarily of solid waste. It has operations in both the United States and Canada. Its headquarters is located in The Woodlands, Texas. It is the third largest waste management company in North America.

Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis.

<span class="mw-page-title-main">Canopy Growth</span> Canadian medical marijuana company

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.

Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure. It is ranked 583rd on the Fortune 500. As of December 31, 2022, the company had investments in approximately 3,000 properties, all of which were in the United States, Canada, and the United Kingdom.

<span class="mw-page-title-main">GFL Environmental</span> Canadian waste management company

GFL Environmental Inc. is a waste management company with headquarters in Toronto, Canada. GFL operates in all provinces in Canada, and currently employs more than 8,850 people. The company provides environmental services to municipal, residential, commercial, industrial and institutional customers. On July 6, 2021, the company announced the formation of the Resource Recovery Alliance (RRA) and an agreement to acquire Canadian Stewardship Services Alliance.

<span class="mw-page-title-main">Waste Industries</span> American waste management company

Waste Industries is a waste management company headquartered in Raleigh, North Carolina. Specialising in non-hazardous solid waste, recycling collection of waste disposal from residential and commercial customers in the southeastern United States.

<span class="mw-page-title-main">Anthony Lacavera</span>

Anthony Lacavera is a Canadian businessman, venture capitalist, television host, and philanthropist. He is founder, chairman, and former CEO of Globalive, a Toronto-based telecommunications and investment company. He has also founded several other companies including Wind Mobile, a wireless service provider which was sold to Shaw Communications in 2016 for $1.6 billion.

Lady Jorgia Yacht, manufactured in 2018 by Lürssen

Lady Jorgia is a 115.10 m (377.6 ft) superyacht built by Lürssen. Developed using the code name Project Enzo, it was launched at Lürssen's yard near Rendsburg in 2021 and delivered later that same year to Canadian-Jamaican billionaire Michael Lee-Chin under the name Ahpo. Ahpo was built as a replacement for Lee-Chin's previous yacht, Quattroelle, which he sold in 2014. Ahpo was listed for sale in February 2023. Three months later, in May 2023, it was sold for a rumoured €330 million, in what is "believed to be the biggest brokerage deal in history". Upon its sale, it was renamed Lady Jorgia. Her new owner is Canadian billionaire and former ice hockey goaltender Patrick Dovigi. Lady Jorgia made its first appearance after its sale at the 2023 Monaco Grand Prix.

References

  1. ↑ Nelson, Jacqueline (June 3, 2018). "Top of the heap: How BC Partners pulled off the biggest private buyout in Canada with GFL deal". The Globe and Mail. Retrieved October 4, 2018.
  2. ↑ "GFL Environmental Inc. announces $5.125 Billion recapitalization with new investors led by BC Partners and their partner OTPP". April 22, 2018. Retrieved October 4, 2018.
  3. 1 2 "Canada's Richest People 2018". Canadian Business. November 9, 2017. Retrieved October 3, 2018.
  4. 1 2 "GFL Environmental buying U.S. company Waste Industries in deal valued at $3.65B". CTV News. October 10, 2018. Retrieved October 26, 2018.
  5. 1 2 3 4 Lorinc, John (October 26, 2011). "Toronto's new garbage magnate stickhandles his way to the front". The Globe and Mail. Retrieved March 3, 2016.
  6. 1 2 Johnston, Malcolm (January 31, 2012). "Q&A: Patrick Dovigi, the NHL-goalie-turned-entrepreneur who won Toronto's lucrative garbage contract". Toronto Life. Retrieved March 3, 2016.
  7. ↑ Roper, Paul (March 28, 2012). "Looking back at the 1996 and 1997 drafts". ottershockey.com. Retrieved March 4, 2016.
  8. 1 2 3 4 5 Kari, Shannon (February 3, 2015). "Business is picking up at garbage upstart Green for Life". The Globe and Mail. Retrieved March 1, 2016.
  9. ↑ Gonsalves, Kevin (October 10, 2001). "Hockey team gets offensive". The Eyeopener. Retrieved March 2, 2016.
  10. 1 2 Sue-Ann, Levy (October 30, 2011). "Levy: Talkin' trash". The Toronto Sun. Retrieved March 2, 2016.
  11. ↑ Messenger, Ben (February 22, 2016). "GFL Environmental Completes CAD$800m Acquisition of Matrec". Waste Management World. Retrieved March 2, 2016.
  12. ↑ Rosengren, Cole (April 14, 2018). "GFL to stay private amid IPO rumors with $5B recapitalization deal". Waste Dive. Retrieved October 4, 2018.
  13. ↑ "GFL Founder & CEO Patrick Dovigi Wins Prestigious Ernst & Young Award". October 25, 2017. Retrieved October 5, 2018.
  14. ↑ Taylor, Darren (September 12, 2018). "We can officially call it 'The Gardens' again". Sootoday.com. Retrieved October 5, 2018.
  15. ↑ "Marty Bryant, Patrick Dovigi and Tara Hemmer Elected to EREF Board of Directors". wasteadvantagemag.com. February 22, 2018. Retrieved October 5, 2018.
  16. ↑ "Individual Donors" . Retrieved October 5, 2018.
  17. ↑ "Annual Report 2017" (PDF). Retrieved October 5, 2018.
  18. ↑ "Annual Report" (PDF). Retrieved October 5, 2018.
  19. ↑ "Patrick Dovigi Donates $5M To Fund New Dovigi Family Sports Medicine Clinic". Value Walk. June 14, 2019. Retrieved June 26, 2019.
  20. ↑ "OWMA" . Retrieved March 3, 2016.
  21. ↑ Kamping-Carder, Leigh (September 1, 2016). "Muskoka, Canada's Vacation-Home Haven, Gets a Modern Makeover". The Wall Street Journal. Retrieved October 3, 2018.
  22. ↑ Clarke, Katherine. "Exclusive | A Mega-Lawsuit, a Rush of Listings and Price Cuts Galore: What's Going on at 432 Park?". WSJ. Retrieved 2024-05-30.
  23. ↑ Hourie, Ilya (2022-12-31). "Patrick Dovigi sells Aspen home for $55M". The Real Deal. Retrieved 2023-05-27.
  24. ↑ "€330M Lürssen Ahpo sold in three months and renamed Lady Jorgia". www.boatinternational.com. Retrieved 2023-05-27.
  25. ↑ "LADY JORGIA Yacht • Patrick Dovigi $350 Million Superyacht • Lurssen • 2021". SuperYachtFan. Retrieved 2023-05-27.
  26. ↑ "The coolest yachts in town for the 2023 Monaco Grand Prix". www.boatinternational.com. Retrieved 2023-05-27.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.