The stakeouts began at the crack of dawn. In 2007, Patrick had a vision to create a company that is a "one -stop shop" provider of environmental solutions. All property prices are as stated by the listing agent. (Photos by Jetphotos.com, Planespotters.net;flightaware.com;flickr.com;picssr.com;planefinder.net) Do you want us to remove a certain photo? GFL valued Mr. Dovigi's stock-options grant at $31.52-million, up from a 2020 option grant valued at $26.57-million. [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. Dovigi, 33, of Toronto, said he had believed the mom, Mojdeh Razi, 36, an interior designer, was only taking a vacation and would return to Canada for the birth. Despite its green name, recycling has been a relatively small part of GFLs revenuejust 5.6% in 2018. 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. Dovigi, founder and CEO of Canada-based Green for Life Environmental, was a goalie for the Edmonton Oilers. Never mind that his brown suede shoes seem utterly ruined, that theres a smear of white sludge across the back of his black sweatshirt, or that in less than half an hour, hes scheduled to meet with an executive at one of GFLs largest investors, the $190-billion Ontario Teachers Pension Plan. He sold the yacht to US casino billionaire Steve Wynn, who named the yacht after his wife Andrea Wynn. He is now focused on giving back and supporting philanthropic causes, like a $5-million donation to create the Dovigi Orthopaedic Sports Medicine Clinic at Mount Sinai Hospital, the first dedicated sports-medicine wing at any hospital in . SEASENSE (207 feet) FLYING FOX Yacht Dmitry Kamenshchiks $400M Superyacht, ROCINANTE Yacht Gabe Newells $100M Superyacht, ATLANTIS II Yacht Philip Niarchos $100M Superyacht, ANDROMEDA Yacht Yuri Milners $250M Superyacht, Yacht NORD Alexei Mordashovs Prized $500M Superyacht, AZZAM Yacht The Worlds Biggest Superyacht is 180m Long, Inside Richard Kaynes Extraordinary $45,000,000 SuRi Yacht, GRACE Yacht John Reeces Incredible $140M Superyacht, SYNTHESIS Yacht Stunning $100 Million Superyacht, NAJIBA Yacht The Almarzouq Brothers $50M Superyacht. He is married to Fernanda Dovigni. Even before the IPO, Dovigi was, if youll pardon the pun, stinking rich. Owned by waste managment magnate Patrick Dovigi. In other cases, they were looking for places to build transfer stations or taking stock of where businesses store their garbage bins. 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. Patrick Dovigi, the CEO of GFL Environmentalthe fourth-largest waste management company in North Americaclambers over a pile of stained mattresses, crushed plastic bottles and rotting wood at the companys waste transfer station in northwest Toronto. She can accommodate up to 12 guests and 28 qualified crew members. [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. Between December 2017 and December 2018, GFLs long-term debt swelled from $2.5 billion to $6.3 billion. He also brought in an outside law firm and forensic auditor to screen employee emails for evidence they were aware of the corruption. This was Dovigis aha moment. Disable anytime. Our return from first dollar in 2007 to our exit in 2018 was 24 times our money, he says. The arena will be called the GFL Memorial Gardens for the next 10 years. 0 references. Dovigi now sees an opportunity in the global shifts of the garbage trade. 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. Patrick Dovigi So I think you will -- yes, the $75 million to $100 million is the right number. The half-dozen GFL executives who helped out did the same. 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. Marie-born billionaire founder of GFL Environmental Inc., issued another statement early Aug. 25 deploring allegations made by New York short-seller Spruce Point Capital Management. This raises a question: How long will GFLs existing investors stick around? Rizzo resigned, and he was eventually convicted of bribery and sentenced to more than five years in prison. No. Dovigi assumed his rivals must have done the same analysis. She weighs 2,200 gross tons and is powered by 2 Caterpillar engines capable of outputting 2680 hp, which enable her to cruise at speeds of 12 knots and can go to a maximum speed of 16.5 knots. Its all just noise.. The seller is Lewis A. Sanders, founder and chief executive of New York investment firm Sanders Capital, the people familiar with the deal said. At the time, Dovigi called it a terrible decision that left him bitterly disappointed. Somehow, Dovigi has also found time to pursue a side hustle: developing and selling cottages in Muskoka. Andrew Winch started his career by working at Jon Bannebergs design studio. 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. Over two years, the private equity firm invested about $30 million in GFL. [12], In April 2018, GFL negotiated a recapitalization with BC Partners and Ontario Teachers Pension Plan at $5.125 billion. As Dovigi explains the importance of that Toronto contract, hes sitting in the boardroom of the companys Toronto satellite office, in the chi-chi Yorkville neighbourhood. Patrick Wojahn Wife:- Patrick Wojahn is College Park Maryland Mayor. Her value is $90 million. Thats the way these things work., If all goes well, GFL has a significant opportunity to replicate in the U.S. what it has done in Canada, says Effram Kaplan, a managing director of U.S. investment bank Brown Gibbons Lang & Co. who specializes in waste management. Kayak CEO Steve Hafner paid $40 million for that unit late last year. Marie, in Northern Ontario, and his parents were both teachers, though his father also owned two chains of sports bars. Was it goaltending or big tech? Founder, President, Chief Executive Officer. Often actual yacht ownership by the private individuals mentioned can not be confirmed, at least from a legal point of view. Some say I have an eye for building and my wife has an eye for design, he says. Hows he doing this? She was built in 2017 by CRN and was designed on the exterior by Zuccon. Best Match Powered by Whitepages Premium. "Instead of focusing our energy on comments clearly made to manipulate our stock, we will remain focused on building our business and executing on our strategy," Dovigi said in an early-morning news release. It was funny. I dont know anything about the Mulhollands.. Thats not the case here, insists Dovigi, who says none of the current investors are cashing in on the IPO. He knew GFL could get its trucks rolling faster, and do the job with fewer vehicles, than the city did. It has 9,000 employees. Who is Patrick Dovigi? 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. He is the founder of BB Retail Capital. [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. Goalie -- shoots L Born Jul 2 1979 -- Sault Ste. A year later, the case went all the way to the Supreme Court of Canada, which sided with Razi. given name. 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. His . And the yacht is not listed for sale. The boat is not available foryachtcharter. Opponents pleaded with council to block the redevelopment, with several citing Dovigis own nearby cottage as a reason. Patrick Dovigi. Some people like them, some people dont, he admits. It was waste management. GFL announced that it has closed its previously announced upsized offering of US$750 million senior notes. Over the years, he has bought and sold three homes in Forest Hill. But Dovigi had a problem. "After founding this company in 2007 with $250,000 and four employees, to now growing the company to nearly $4 billion of revenue, with over 13,000 employees, completing over 130 . "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.". Sign in or register for your free account, Spruce Point Capital Management targets waste management giant, Province proposing Mining Act changes to boost critical mineral production, Feds won't match Ontario's billion-dollar Ring of Fire pledge until assessments are done, Indigenous biomass heat and power plant lands $35 million from Ottawa, Dyment Quarry - Dryden ON - Mining Shift Change Supervisor. The photos show some of the Burtynskys, along with a six-by-six-foot print of Heath Ledgers face by photographer Martin Schoeller and a life-sized statue of a security guard by ultrarealist sculptor Marc Sijan. "The GFL board of directors stands 100 per cent behind the company's management team, strategy and focus on long-term shareholder value in the face of Spruce Point's misrepresentation of the company's public disclosures and their confusion about our industry and even basic accounting principles," added Dino Chiesa, lead independent director of GFL's board. The deal catapulted it into the industrys top echelons, but along with the private equity recapitalization, it also added heavily to its debt load. Hes the smartest entrepreneur Ive ever seen, and Ive seen a lot of them, says Ted Manziaris, who grew Turtle Island Recycling into a significant player before selling to GFL. I had this opportunity to put 85 beautiful, bright green trucks in Canadas largest city, Dovigi says. Over GFLs initial seven-year term, the contract is estimated to have saved Toronto $78 million. Statistics of Patrick Dovigi, a hockey player from Sault Ste. But just as crews began to move material, a massive fire broke out that burned for two weeks, spewing black smoke over Maple and nearby Vaughan. The yachts interior is designed by Winch Design. Im asking for free and clear title and thats it.. Rich 100 rank: #97 NEW Major company holdings: Green For Life Environmental Location: Toronto Age: 38. He settled on Green for Life because most of his rivals had the word waste in their titles, and we wanted to be seen as a greener alternative. Seeking a memorable colour for GFLs trucks, he reached out to industrial paint maker PPG for swatches of its brightest, ugliest greens. And in 2022 he bought the Oceanco yacht INFINITY, which he also named Cloud 9. Our reporting is copied and/or used by many international media companies. With its exposed brick and ductwork, the place could easily house an app developer. Marie, ONT [43 yrs. He recalls watching slack-jawed as two long lines of trucks, each 40 vehicles deep, formed to fuel up, since city crews only worked during the daytime. We reserve the right to publish any information submitted to us. Dovigi launched a legal challenge, arguing that custody and access proceedings should take place in Ontario. Patrick Dovigi. Patrick Dovigi grew up in Sault Ste. 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, The content of this website and all associated media are subject to, Embraer Legacy (C-GDJG), Quest Kodiak 100 (C-GKDG). "The board, led by its independent directors and after discussions with the company's external auditors and consultation with its other advisors, reviewed the short seller's allegations and found them deeply flawed and singularly meant to inflict damage to the company's business, its leadership and its shareholders.". Often actual yacht ownership by the private individuals mentioned can not be confirmed, at least from a legal point of view. A handful of U.S. law firms have announced investigations of the Spruce Point allegations, some seeking whistle-blowers with knowledge of GFL. Patrick is the Founder, President and CEO and Chairman of the Board of Directors of GFL. 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. 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. Con Erica Peeples, Tiffany Black, Sean Patrick Thomas, Chris Sakyi. That company is now part of AllianceBernstein. 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. Dovigi sold the yacht in February 2023 How Much is the ANDREA Yacht? The LADY JORGIA yacht is Patrick Dovigi, a former Canadian hockey goalkeeper. This site is for entertainment purposes only. Were a bit of a modern family, he says. Public asset : 352,600,438 USD. It wasnt publicly listed for sale this time around. Then theres the squad of activist short sellers who have made an art out of crusading against high-flying Canadian companies with rich valuations and aggressive growth strategies. The luxury yacht can accommodate 12 guests and a crew of 28. Reached by phone by Business in Vancouver, Dovigi said he was aware of the SECs lawsuit, but is interested only in getting clear title on the lot. 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. Stay updated with the latest yacht news and exclusive deals! Tal and Oren Alexander of Douglas Elliman, who represented Mr. Dovigi in the $23.25-million sale of his Florida home last year, referred the deal to their local colleague Riley Warwick. Last year, it reported a net loss of $611 million, a sixfold increase from 2017, due, in part, to a jump in interest charges and other finance costs. In 2002, Dovigi gained exposure in corporate finance when he joined Brovi Investments. We reserve the right to publish any information submitted to us. Former NHL goalie Patrick Dovigi punched another notch in his Aspen ski belt. English Wikipedia. Perks says hell once again vote against contracting out garbage collection when the matter next comes up. Theres some irony in the fact that as the Western world faces a garbage crisis, the garbage business is booming. Brovi also held a mortgage for 310 Waste, a shuttered waste transfer station in Maple, Ontario, that was overloaded with garbage. [1][2] In 2017, Dovigi's net worth was estimated at $1.08 billion. Do you have anything to add to this listing? We are committed to acting in the best interest of all shareholders and defending the organization against such false and distorted attacks," Chiesa said. Dovigi swung into crisis mode. CRN Yachts is a luxury yacht builder based in Ancona, Italy. Activities include collection, hauling, sorting, transfer, and disposal of non-hazardous solid waste, and hazardous and non-hazardous liquid wastes. 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. Patrick is also driven by a passion to give back to charities in our host communities. 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. Mr. Dovigi is president and CEO of Green For Life Environmental, a Canadian environmental services and waste management company. BBRC is a private investment company that is active in 3 key portfolios. Tom Ford. Patrick currently serves on the board of directors of the Toronto General & Western Hospital Foundation. "After founding this company in 2007 with $250,000 and four employees, to now growing the company to nearly $4 billion of revenue, with over 13,000 employees, completing over 130 acquisitions and raising over $8 billion of equity and debt during that time period, our track record speaks for itself," said the former Edmonton Oiler draft pick who pivotedto the world of business. The company is a part of the Ferretti Group, one of the worlds leading yacht manufacturers. I think the lion's share of that will come in through various parts of the year in 2023, and you . Mr. Dovigi didnt immediately respond to a request for comment. That music store grew into a 350-store chain called the Sanity Entertainment Group. These are just sample photos. He is now an entrepreneur and businessman who is also the Chief Executive Officer of Green For Life Environmental Inc., a waste management company that provides environmental services. Aboard the LADY JORGIA yacht, guests can have full access to the yachts swimming pool, gym, exercise equipment, deck jacuzzi, spa room, tender garage, beach club, helipad, and BBQ station. He moved to Michigan and took over day-to-day management of Rizzos business, quickly replacing its trucks with GFLs green machines. They also own a summer house on Lake Joseph in Ontario. She weighs 2,667 tons and cruises at 14 knots and is capable of going up to 18 knots. The content of this website and all associated media are subject to. Patrick Dovigi is the founder of Canadian environmental services company, Green For Life Environmental Inc. Patrick Dovigi (Q23769970) From Wikidata. Dovigi. While the waste management industry is relatively resistant to recessions in comparison to, say, the airline business, its not recession-proof. The upshot was that the city had 110 trucks to do the job, while Dovigis analysis revealed GFL could do it with 85. GFL, then four years old, had already secured contracts to collect waste and recycling in parts of Hamilton and Peel Region, next door to Toronto. Roger and Sloan Barnett with (inset) Patrick Dovigi and Palazzo Della Luna (Getty/Patrick McMullan, Linkedin) Nutrition moguls Roger and Sloan Barnett . [20], Dovigi serves as a director on the board of directors for the Ontario Waste Management Association (OWMA). People would always say, Who is this kid? 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.