If Patrick Dovigi, one of Canada’s wealthiest people, cowered in the face of risk, his life would be far different.
It’s also an estimated personal net worth of more than $1 billion, a private island in Muskoka near lake Joseph that he accesses via seaplane, and, until it was recently sold, a 75-metre yacht called Lady Jorgia that was named after his youngest of five children and was valued at approximately $90 million.
Dovigi, the son of Italian immigrants, credits his fearlessness to long hours spent blocking pucks hurled at him by his father, Fred, on the family outdoor rink in Sault Ste. Marie. “Everything hurts more when it’s minus 40,” he recalls. But his auspicious start turned sour: he spent the next four years moving across the continent and bouncing around minor league teams, and eventually he hung up the skates after growing tired of not having control over his own career path.
The cleanup took two and a half years, enough time for Dovigi to form relationships in the waste services industry, and to leave the experience with a notebook full of notes on how not to run a garbage company. David Kassie, a partner at Canaccord Genuity Group, met with him, liked his enthusiasm, and offered him $10 million for a 65 per cent stake in the company, under the condition that he spend the entire investment by the end of that calendar year.
Roark Capital Group, a private equity firm from Atlanta, Ga., invested $105 million in the company in 2010. In a northern Alberta diner, Dovigi once made a deal with the owner of a garbage company over bowls of Jell-O, and inherited the business’ garbage routes, all written neatly on the back of recipe cards.Toronto takeover
“I thought: young me — what business do I have privatizing one of the largest municipal contracts in North American history? I told people on our team, ‘this contract is going to make or break this company.’ ” “People think entrepreneurs just make decisions with their gut,” said Grahek. “What people don’t realize about Patrick is that he is the most informed decision-maker I have ever met — he’ll do the legwork that others are not willing to do.”
Laidlaw went under about 20 years ago after management took on too much debt.
Bribe, cheat, and steal that is how
Apparently, the way he does business, offers potential client an offer they can't refuse. In this day and age, in this city, in this country? No wonder world's mafia loves your country.
They have moved into North Central Florida recently. We do business with a few of their facilities. Decent company to work with. Quite the story.
An Italian guy making big money in waste management? Hmm I’d caution TorStar not to delve too deep into anything or they might be sleeping with the fishies.
Hey iamdavidmiller - how was GFL built again? 🤔
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