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Q4 2023

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21 Feb, 2024
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Q3 2023

2 Nov, 2023
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How GFL Environmental is making money in the waste management industry

GFL Environmental is one of the largest waste management companies in North America, offering a range of services to customers in the municipal, commercial, and industrial sectors. The company generates revenue through a variety of channels, including waste collection and disposal, recycling, and remediation services.

Expanding through acquisitions

One of the key strategies that GFL Environmental has employed to grow its revenue base is expanding through acquisitions. The company has made several high-profile acquisitions in recent years, including the purchase of Waste Industries in 2019, which expanded its presence in the southeastern US.

GFL has also acquired smaller waste management companies in Canada and the US, allowing it to tap into new markets and diversify its revenue streams. Other publicly listed companies in the waste management space, such as Waste Management, Republic Services, and Stericycle, have also employed similar strategies to expand their reach and grow their revenue streams.

Diversification of revenue streams

Another important factor in GFL Environmental's revenue growth is its diversification of revenue streams. The company offers a range of waste management services, including waste collection and disposal, recycling, and remediation services, which helps to mitigate risks associated with fluctuations in individual markets. GFL has also expanded into new markets, such as liquid waste management and hazardous waste management, which provide additional sources of revenue.

Emphasis on sustainability

In addition to its core waste management services, GFL Environmental has also placed a strong emphasis on sustainability. The company has invested in new technologies and processes to reduce waste, increase recycling rates, and minimize its environmental impact. This has helped GFL to attract environmentally conscious customers and position itself as a leader in the industry. Along with GFL, Veolia and Suez, have also made sustainability a key priority.