- GFL Environmental (TSX/NYSE:GFL) plans to move its executive headquarters from Vaughan, Ontario, to Miami Beach, Florida, to qualify for inclusion in US indexes and broaden the company’s investor base
- GFL is the fourth-largest diversified environmental services company in North America
- The waste management stock has added 1.81 per cent year-over-year
GFL Environmental (TSX/NYSE:GFL) plans to move its executive headquarters from Vaughan, Ontario, to Miami Beach, Florida, to qualify for inclusion in US indexes and broaden the company’s investor base.
The company will remain incorporated in Ontario and continue to prioritize the growth of its Canadian business. The relocation will not affect GFL’s listing on the TSX or inclusion in the TSX 60 Index.
GFL operations have posted steady growth over the past few years, increasing revenue from C$5.1 billion in 2021 to C$8.2 billion over the trailing twelve months, with adjusted EBITDA and adjusted free cash flow besting leadership’s expectations in Q3 2025, prompting the company to raise full-year guidance for the second time this fiscal year.
Management commentary
“Consistent with our desire to access a wider global investor base across both passive and active strategies, the relocation of our executive headquarters broadens our eligibility for participation in US equity indices while preserving our eligibility for inclusion in Canadian equity indices. We expect this approach to gaining broader index inclusion will increase GFL’s visibility with investors and ultimately drive a wider shareholder base,” Patrick Dovigi, founder and chief executive officer of GFL, said in Wednesday’s news release.
“The United States has grown to represent over two thirds of our revenue, more than half of which is generated in the fast-growing Southeastern region. The relocation aligns with our expanding presence in this attractive market and is expected to improve our ability to attract highly skilled talent from the US labor pool. We will continue to maintain our shared services hubs in both Vaughan, Ontario, and Raleigh, North Carolina,” Dovigi added.
About GFL Environmental
GFL is the fourth-largest diversified environmental services company in North America. Its solid waste management services suite is anchored by more than 15,000 employees and facilities across Canada and 18 US states.
GFL stock (TSX/NYSE:GFL) is up by 3.86 per cent on the news trading at C$60.86 as of 10:47 am ET. The stock has added 1.81 per cent year-over-year.
Join the discussion: Find out what investors are saying about this waste management stock on the GFL Environmental Inc. Bullboard and make sure to explore the rest of Stockhouse’s stock forums and message boards.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein.
For full disclaimer information, please click here.
