One project drew stiff resistance from locals. But thats changing as the company foresees the emergence of a more sustainable domestic recycling industry. Marie, ONT [43 yrs. He also owns a Quest Kodiak 100 waterplane (C-GKDG), which he uses to fly to his residence on his private island near Toronto. Four seats to the left of Mulroney is Patrick Dovigi of Green for Life Environmental, and his wife, Fernanda Dovigi (in orange). 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. Her value is $90 million. Her value is $90 million. It was funny. In 2010 Roark Capital did a $ 100 million investment in the company. I dont think Patricks been subject to that scrutiny to date, says Payne. She was built and completed back in 2017 by CRN and was designed by Winch Design. Payne recalls being impressed by Dovigis pitch. Patrick currently serves on the board of directors of the Toronto General & Western Hospital Foundation. 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. [7], 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. https://en.wikipedia.org/wiki/GFL_Environmental, https://en.wikipedia.org/wiki/Patrick_Dovigi, https://www.objekt-international.com/beauty-at-the-waterfront/. Each weekday morning for close to two months, Dovigi waited outside a yard filled with City of Toronto garbage trucks. Patrick Dovigi does not have any NHL stats. But last year, China slammed the door shut on imports of recyclable junk. Country of residence : Unknown. People like to think its like an episode of The Sopranos. Over the past year, he's acquired two homes in Aspen for $117 million. Mr. Dovigi also received a salary of $1.97-million, a cash bonus of just. With thousands of daily visitors and a strong growth rate,SuperYachtFan became one of thelargest superyacht sites. The aircraft was built in 2019. These are just sample photos. Since then, drawing on the discipline he learned in his earlier hockey career, Patrick has driven GFL to become the 4th largest environmental services company in North America. He was very confident, very fact-based and measured in setting expectations, says Payne. I need monies to live on and I have virtually exhausted all of my saving and have had to rely on borrowings from friends and family members to not only provide for my familys support but to pay monies on account of the requirement of lawyers in the state of New York.. In 2017, Dovigi's net worth was estimated at $1.08 billion. Dovigi successfully led in merging and acquiring several local haulers, including National Waste Services. Records show he paid $10.5 million for unit 6812 in 2019, the year the building was completed by Heinrich Von Hanaus PDS Development. Dovigi is the Founder, President and Chief Executive Officer of Green for Life Environmental Inc. (GFL), a Canadian waste management company. The flip side, says Payne, is that if the market gives GFL a premium valuation, Dovigi will have access to lots of cheap capital that could fuel a whole new era of growth. The luxury yacht can accommodate 12 guests and a crew of 28. Under Dovigi's leadership, GFL Environmental has grown to have a total enterprise value of $5.13 billion as of April 2018. NGTV eventually declared bankruptcy. After attending a business management program at Ryerson University, he went to work for Brovi Investments, a real estate investment firm controlled by Toronto entrepreneur Romeo DiBattista. Owned by waste managment magnate Patrick Dovigi. 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. The 38-year-old founder of GFL Environmental Inc. once had his sights on becoming a professional hockey player. Age : 43. 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. Patrick Dovigi, the Sault Ste. GFL's shares dropped nine per cent the day the Spruce Point report was issued, and had not fully recovered by close of trading Aug. 24. Patrick Dovigis elbows-up style, penchant for debt-fuelled acquisitionshes completed more than 100 since 2007and sharp eye for marketing have earned him a reputation as a disrupter in the once staid trash business. On the other hand where theres smoke, there is fire ;-). Now GFL is gearing up to go public this fall in what could be the largest Canadian initial public offering in years, driven by extreme anxiety over the mountains of waste North Americans produce and investors voracious appetites for waste management companies. We dont have minions out doing thisits Patrick himself.. Patrick Dovigi So I think you will -- yes, the $75 million to $100 million is the right number. In May 2018, the company signed a 10-year, $750,000 deal for naming rights to Sault Ste. [5][10] Although passionate about playing hockey, a teammate of Dovigis recalls that, We were thinking only about hockey. When people buy less stuff, they produce less garbage, forcing waste companies to compete harder on price. I have to give it away. (In June, he donated $5 million for a new sports medicine clinic at Torontos Mount Sinai Hospital.). Now Western countries face a glut of scrap, commodity prices for recyclables have collapsed, and cities are confronted with soaring bills to dispose of the stuff. In 2009SuperYachtFanin its current format was published online and soon the focus changed from yacht photos toyacht owners, creating theSuper Yacht Owners Register. It reached that target in 2012, the year it began collecting trash and recycling in western Toronto. 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 notes offering also demonstrates that investors are aligned with our strategy, supportive of management and not easily swayed by the innuendo and flawed analyses in Spruce Point Capital Management's self-serving attack on the company.". Some people like them, some people dont, he admits. The yacht ANDREA was built by CRN as Cloud 9. When Dovigi settled on a colour, he asked PPG for a commitment: Once GFLs fleet hit 1,000 trucks, PPG would change the name of the hue to GFL Green. Name * Email * Website. The Dovigis, who married seven years ago, have five children, including one from Fernandas previous relationship and a daughter Dovigi had with Mojdeh Razi, an interior designer who lives in California. . The hockey metaphor comes naturally to Dovigihe shares a family tree with NHL Hall of Famers Phil and Tony Esposito, and he was drafted by the Edmonton Oilers as a goalie in 1997. (They all did.) Disable anytime. Dovigi launched a legal challenge, arguing that custody and access proceedings should take place in Ontario. 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. ), A bigger question is how Dovigi will adjust to life under the watchful eyes of the market, analysts and regulators. 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. 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. In 2007 he launched Green For Life Environmental Inc. with $25,000. Marie, in Northern Ontario, and his parents were both teachers, though his father also owned two chains of sports bars. Goalie -- shoots L Born Jul 2 1979 -- Sault Ste. We reserve the right to publish any information submitted to us. In 2017, Dovigi was named Entrepreneur of the Year in the Power & Utilities & Environment sector at the EY Entrepreneur of the Year Ontario Awards. [12], In April 2018, GFL negotiated a recapitalization with BC Partners and Ontario Teachers Pension Plan at $5.125 billion. 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. Sault Ste. Along the way, Dovigi was drafted 41st by the Oilers but was never signed. Often actual yacht ownership by the private individuals mentioned can not be confirmed, at least from a legal point of view. It is meant only as an approximation based on the latest information available and should not be relied upon for any other purposes. She was built in 2017 by CRN and was designed on the exterior by Zuccon. Its all just noise.. The North American waste business was and remains highly fragmented, with a few big players at the top, and hundreds of small and mid-sized haulers below. We push all the money out into the field to the regional guys, who know their local markets better., Those who have watched Dovigis rise know his willingness to leap into the trenches is what sets him apart. The SECs original lawsuit focused on the Mulhollands $5-million West Vancouver home on Mathers Avenue owned through Vision Crest, but the commission amended its claim when it discovered the couple owned a lot in Whistler through another shell company. Do you have anything to add to this listing? In 2007, Patrick had a vision to create a company that is Read More Patrick Dovigi's Phone Number and Email Last Update 11/30/2022 11:28 PM Email p***@gflenv.com Engage via Email Contact Number 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. Careful not to draw attention, Dovigi, then 31, regularly swapped vehiclesa Ford F-150 one day, a Range Rover the next. Payne, whose private equity fund sold its stake in GFL after 11 years, says analysts will want to see exactly how GFLs frantic pace of acquisitions are leading to synergies and quarterly improvements in productivity. Dovigi was dispatched to quickly clean up the site and reopen it. Dora Puig of Luxe Living Realty and Carl Gambino of Compass were the listing brokers. The property overlooks downtown Aspen and includes a heated outdoor pool and a garage, The Wall Street Journal reported in 2009. Aside from GFLs steady diet of small waste companies, several blockbuster deals over the past five years have dramatically expanded its reach. Founder, President, Chief Executive Officer. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Greystone sells Lantana apartments to real estate mogul for $10M, Sticker shock: Ranking South Floridas priciest residential rentals, $16M Fisher Island closing tops weekly condo sales in Miami-Dade, Related Group and partners in contract to buy Fisher Island dev site for luxury condo project, High Street, Daiwa bring resi to River Oaks, St. Charles revamp of torched resort takes center stage in local City Hall races, LIV plans massive resi project in Fort Worth, KBS deal to sell Union Bank Plaza to Joel Schreiber delayed for 9th time. Activities include collection, hauling, sorting, transfer, and disposal of non-hazardous solid waste, and hazardous and non-hazardous liquid wastes. Green For Life GFL Environmental Inc. was founded in 2007. Toronto is one of them. ago] Height 6.01 -- Weight 203 [185 cm/92 kg] Drafted by Edmonton Oilers Patrick Wojahn Wife:- Patrick Wojahn is College Park Maryland Mayor. And the yacht is not listed for sale. As Dovigi himself notes: Canada doesnt have a lot of mainstream corporate champions in the world. Now were about to find out if investors are ready for one thats big, green and smelly. 1 reference. Likewise, maintenance crews clocked out at 5 p.m., he says, which meant all upkeep and repairs had to be done during the day, requiring the city to keep backup trucks on standby. As for that Toronto contract, it lived up to its promise of cutting costs for the city, despite a rocky start that included delays, missed pickups and, as one city councillor put it, GFL trucks leaking garbage juice everywhere. U.S. Vacation-Home Market Is Outpacing the Broader Housing Boom. In 2018, Moodys downgraded GFLs overall debt rating to B3 with a stable outlook. Dovigi also studied business at Ryerson University in 2000. 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. We reserve the right to publish any information submitted to us. With thousands of daily visitors and a strong growth rate, The details about yacht ownership as stated on this site and in our Yacht Owners Register are. Dovigi and his wife are fans: Theyve collected at least 18 of Burtynskys large-format prints. The wife of accused securities fraud artist Gregg Mulholland wants the BC Supreme Court to remove the U.S. Avalanche terrain extremely dangerous right now, North Shore Rescue warns, Province drops 'substantial' infrastructure cash on North Shore municipalities, Handsworth Secondary introduces soundproof study pod. The property was purchased by Patrick Dovigi, a Canadian who was a former professional hockey player who is now founder, president and CEO of Green for Life Environmental, a North American. Notable projects include Chopi Chopi, Mimtee, and Lady Jorgia.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'superyachtfan_com-box-4','ezslot_3',850,'0','0'])};__ez_fad_position('div-gpt-ad-superyachtfan_com-box-4-0'); Zuccon International Project is an Italian yacht design firm that specializes in the design and engineering of luxury yachts and superyachts. Luke Pelosi, GFLs chief financial officer, describes driving with Dovigi around small communities like Estevan, Saskatchewan, and Fox Creek, Alberta, looking for acquisition targets. 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. Dovigis path to the garbage business took several turns. He owns 2 private jets. [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. He says no company in the U.S. is consolidating across different types of waste collectionin particular, liquid waste and industrial servicesas intently as Dovigi is. You live and you learn.. [6] Dovigi lives in Toronto with his wife and five children and has a second home in Muskoka, Ontario. That music store grew into a 350-store chain called the Sanity Entertainment Group. Sign in or register for your free account. GFL's 135,000 commercial and industrial waste-management customers include the City of Sault Ste. Linked companies : GFL Environmental Inc. The things people were saying were just insane. Im just trying to buy a piece of real estate, he said. Dovigi and his wife have built and sold five other Muskoka properties. Ive been looking for property in Whistler for the last two years, Dovigi said. 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. Ouryacht owners database has more info about yachts, the value of yachts, yacht owners, their source of wealth, and net worth. More:U.S. Vacation-Home Market Is Outpacing the Broader Housing Boom. In the meantime, GFL has grown so much since winning the Toronto contract that it accounts for only a fraction of its business. 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 a TSN Turning Point for GFL, he says. Assuming it goes ahead as planned, the companys subordinate-voting shares will trade on both the TSX and a U.S. exchange (yet to be determined). GFL announced that it has closed its previously announced upsized offering of US$750 million senior notes. Patrick Wojahn Wikipedia, Age (Birthdate & Birthplace & Ethnicity) Patrick celebrates his birthday every year on 8 August. This raises a question: How long will GFLs existing investors stick around? Her asking price was EUR 84 million. And in 2022 he bought the Oceanco yacht INFINITY, which he also named Cloud 9. Puig also represented the buyer. 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. In addition, access background check reports and discover possible arrest records. Another is the PHOENIX 2, a 90.1-meter superyacht built-in 2010 by Lurssen. This is all growth capital for us to continue growing GFL, he says. Its a very fragmented marketplace here, says Kaplan, who has advised businesses in transactions with GFL. Under Dovigi's leadership, GFL Environmental has grown to have a total enterprise value of $5.13 billion as of April 2018. A year later, the case went all the way to the Supreme Court of Canada, which sided with Razi. As a result, the last trucks didnt even leave the lot until after 9 a.m. He was born in 1979. In 2021 Blundy bought a new yacht the San Lorenzo Lammouche, which he named Cloud 9. [9], 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. The town council voted against Dovigis proposal. Jump to navigation Jump to search. As the crews set out on their collection routes, hed fall in behind, taking notes as they picked up trash. #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}. (GFLs main headquarters is located in a much less glamorous Vaughan mid-rise, an hours drive to the north.) Because of his own background as an entrepreneurPayne co-founded an online bank with Elon Musk that became part of PayPalhe says he has learned to recognize the characteristics of someone who can make something out of nothing. He saw that in Dovigi. After baby Audrey was born in. She has an overall length that spans 242.9 feet or 74 meters, a beam of 44.3 feet or 13.5 meters, and a draft of 12.1 feet or 3.9 meters. Reflecting on the talk now, he laughs. Meanwhile, this being Canada, GFL also has a class of shares worth 10 votes apiece. In 2018, GFL merged with Waste Industries, a waste management company in Raleigh, North Carolina, driving Dovigi's net worth to more than $1 billion. LARS (154 feet) . [8] Dovigi also played as a goalie for Toronto's St. Michaels Majors in the teams 1998 to 1999 season. "GFL's financial disclosures are accurate in all material respects, appropriate and comply with all regulatory requirements. Patrick Dovigi Net Worth: $1.08 billion. 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. While the waste management industry is relatively resistant to recessions in comparison to, say, the airline business, its not recession-proof. Patrick Dovigi is the founder of the Canadian environmental services company, Green For Life Environmental. He was born in 1975. The dog kennels area at the Murdaugh property. Marie's predominant sports/ entertainment venue, which was renamed GFL Memorial Gardens. [5] As a boy, Dovigi demonstrated a talent for hockey goaltending, an interest supported by his family. Or credit a source? Hows he doing this? [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]. Dovigi, a goalie, was even drafted by the Edmonton Oilers, but he never made it past the . Thats not the case here, insists Dovigi, who says none of the current investors are cashing in on the IPO. The real story of Dovigis journey to waste tycoon is one of aggressive deal making, audacious bets and an intense competitive streak that has seen him go to unconventional lengths to get an edge over his rivals. Dovigi attributes the higher loss to purchase price accounting and depreciation of intangibles, which are non-cash. So he took to the skies, chartering a helicopter to fly over the lot mornings and afternoons on several occasions, counting trucks to learn how many were left dormant each day. Dovigi, founder and CEO of Canada-based Green for Life Environmental, was a goalie for the Edmonton Oilers. [15] Also in 2018, Dovigi was elected to the Board of Directors of the Environmental Research & Education Foundation (EREF). Attached to the filing is a contract of purchase and sale for the Whistler lot from broker Whistler Real Estate Co. Ltd. dated March 28, 2016, detailing the $1.95-million transaction set to close on May 3, 2016. There are still many who argue the contract should revert to unionized city workers. Dovigi. Best Match Powered by Whitepages Premium. This is the garbage business.. Please mention SuperYachtFan when using this information! His husband's name is Dave Kolesar. The yacht was sold in early 2019. Patrick Dovigi. A former professional hockey goalkeeper who is familiar with South Florida real estate paid a record price per square foot for a luxury condo in Fisher Island, one of the wealthiest ZIP codes in the country. [9], 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 years entry draft. Who is Patrick Dovigi? Mr. Sanders later renovated the property, according to a person familiar with the situation. It didnt matter that much of that recyclable material was contaminated with garbage and organicsan abundance of cheap labour kept the boom going. Mr. Dovigi is president and CEO of Green For Life Environmental, a Canadian environmental services and waste management company. Adding to this, she can store 40,000 liters of water, and 250,000 liters of fuel, which allows her to cover a distance of over 6000 nautical miles. The Toronto-based company is active in waste management. Subscribe to our newsletter. She also has tons of cool toys to play with, such as her kneeboards, snorkeling equipment, inflatable water toys, fishing equipment, seabobs jet-skis, an inflatable trampoline, and many more. Kayak CEO Steve Hafner paid $40 million for that unit late last year. Since Patrick Dovigi burst onto the scene in 2011 with a lowball bid for Torontos garbage routes, there have been whispers about how he did it. Marie. His [Dovigi's] mind was somewhere else. Were a bit of a modern family, he says. I dont know anything about the Mulhollands.. Before he could put his plan into action, Dovigi says he was pushed out by the DiBattista family. Zuccon International Project has designed a wide range of yachts, from small motor yachts to large sailing yachts and superyachts, and has worked with some of the worlds leading yacht builders and shipyards. If I can successfully do this, I can do anything.. They also own a summer house on Lake Joseph in Ontario. You always have to be skeptical when you have private equity investors who are looking to exit within a year of investing in a company, says McCoubrey, the Veritas analyst. Given my last name, theres been some suspicion, he told an interviewer in 2012. On Miami Beachs Fisher Island, Yapur more than doubled his money. There are also divisions that collect and process liquid waste and contaminated soilall services GFL combines and sells, the way telecom companies bundle wireless, internet and TV packages. (Interestingly, GFLs prospectus says the company intends to use the proceeds to repay certain indebtedness.) But he admits that over time, BC Partners will sell its shares. Its unlikely any of his investors would complain about a bit of trash. It has just 20 people working in its corporate head offices, says Dovigi. 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. A hearing is scheduled in BC Supreme Court on May 2, 2016. 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. In 2007, Patrick had a vision to create a company that is a "one -stop shop" provider of environmental solutions. The Toronto-based company is active in waste management. [11], 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. This article was published more than 3 years ago. In 2007, Dovigi founded Green For Life Environmental Inc. As Dovigi has mentioned to the media in the past,[9] 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. Patrick Dovigi. Patrick Dovigi is the founder of the Canadian environmental services company, Green For Life Environmental. In other cases, they were looking for places to build transfer stations or taking stock of where businesses store their garbage bins. Canadas king of garbage is, at this moment, standing shin-deep in the stuff. The yacht was built as Cloud 9 for Australian billionaire Brett Blundy. The retired professional hockey player-turned-entrepreneur fetched $55 million for the property he bought for $44.5 million last December. May 21, 2021 11:30 AM. Darryl McCoubrey, an analyst with Veritas Investment Research, says investors will be watching to see how GFL manages its debt levels, which are at the high end for the industry. BBRC is a private investment company that is active in 3 key portfolios.
