Sault Ste. Marie, Ontario
|Alma mater||Ryerson University|
|Known for||Founder and Chief Executive Officer of Green For Life Environmental Inc. (GFL)|
|Net worth||CAD $1.08 billion|
Patrick Dovigi is a Canadian former hockey goalkeeper, 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. In 2017, Dovigi’s net worth was estimated at $1.08 billion. In 2018, GFL merged with Waste Industries, increasing Dovigi's net worth to more than $1 billion.
Early life and education
Patrick Dovigi grew up in Sault Ste. Marie, Ontario. 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. Dovigi lives in Toronto with his wife and five children and has a second home in Muskoka, Ontario.
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. Dovigi also played as a goalie for Toronto's St. Michael’s Majors in the team’s 1998 to 1999 season.
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. 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”.
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.
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.
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.
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.
Green For Life Environmental Inc.
In 2007, Dovigi founded Green For Life Environmental Inc. As Dovigi has mentioned to the media in the past, 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 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.
In 2016, GFL gained an equity investment from Macquarie Infrastructure Partners, which raised the total value of GFL to roughly $2.4 billion.
In April 2018, GFL negotiated a recapitalization with BC Partners and Ontario Teachers’ Pension Plan at $5.125 billion. 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.
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. 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.
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. Also in 2018, Dovigi was elected to the Board of Directors of the Environmental Research & Education Foundation (EREF).
Other organizational work
Dovigi serves as a director on the board of directors for the Ontario Waste Management Association (OWMA).
- 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.
- "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.
- "Canada's Richest People 2018". Canadian Business. November 9, 2017. Retrieved October 3, 2018.
- "GFL Environmental buying U.S. company Waste Industries in deal valued at $3.65B". CTV News. October 10, 2018. Retrieved October 26, 2018.
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- Kamping-Carder, Leigh (September 1, 2016). "Muskoka, Canada's Vacation-Home Haven, Gets a Modern Makeover". The Wall Street Journal. Retrieved October 3, 2018.
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- Kari, Shannon (February 3, 2015). "Business is picking up at garbage upstart Green for Life". The Globe and Mail. Retrieved March 1, 2016.
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- Messenger, Ben (February 22, 2016). "GFL Environmental Completes CAD$800m Acquisition of Matrec". Waste Management World. Retrieved March 2, 2016.
- Rosengren, Cole (April 14, 2018). "GFL to stay private amid IPO rumors with $5B recapitalization deal". Waste Dive. Retrieved October 4, 2018.
- "GFL Founder & CEO Patrick Dovigi Wins Prestigious Ernst & Young Award". October 25, 2017. Retrieved October 5, 2018.
- Taylor, Darren (September 12, 2018). "We can officially call it 'The Gardens' again". Sootoday.com. Retrieved October 5, 2018.
- "Marty Bryant, Patrick Dovigi and Tara Hemmer Elected to EREF Board of Directors". wasteadvantagemag.com. February 22, 2018. Retrieved October 5, 2018.
- "Individual Donors". Retrieved October 5, 2018.
- "Annual Report 2017" (PDF). Retrieved October 5, 2018.
- "Annual Report" (PDF). Retrieved October 5, 2018.
- "OWMA". Retrieved March 3, 2016.