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On the day of our photo shoot, Dovigi arrives in a sleek black Lamborghini SUV, which hed bought three months earlier and planned to swap for another set of wheels three months later. The 38-year-old founder of GFL Environmental Inc. once had his sights on becoming a professional hockey player. On a psf basis, it marks a record on Fisher Island and second priciest countywide, Patrick Dovigi in front of his four-bedroom unit at Palazzo Della Luna (Lifestyle Production Group, Chrisn45, CC BY-SA 4.0/via Wikimedia Commons). 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. Delia Mulholland, now claiming to be Vision Crests sole director, denies the SECs allegations and is seeking to sell the Whistler property to pay her husbands legal costs, in addition to taxes owed to the District of West Vancouver and contractors. Meanwhile, the title and assessment documents included with the filing list Vision Crest Consulting Group and 2978 High Point Drive Whistler Holdings as being registered in Calgary to a virtual office address under the name of David Schindler, but Schindler declined to comment when contacted by BIV. I got my brains from my mother and my work ethic from my father, says Dovigi. Green For Life maintains over 20,000 employees and Dovigi's net worth is estimated at over $1 billion. Ouryacht owners database has more info about yachts, the value of yachts, yacht owners, their source of wealth, and net worth. given name. Simon Name Yapur sold his four-bedroom, 4,417-square-foot unit at Palazzo Della Luna to a company managed by Patrick Dovigi for $21.3 million, or $4,811 per square foot, according to property records. When people buy less stuff, they produce less garbage, forcing waste companies to compete harder on price. Dovigi successfully led in merging and acquiring several local haulers, including National Waste Services. 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. Last year, GFLs revenue topped $2.7 billion, with half of that flowing from the U.S.; the company saw its earnings before interest, taxes, depreciation and amortization more than double, to $660 million. The boat is not available foryachtcharter. GFL hopes to raise $1.98 billion, money it intends to use to repay debt and accelerate its expansion across Canada and the U.S. He notes that growth tracked ahead of plan and expects it to pick up with the economic reopening. Jump to navigation Jump to search. Dovigi, a goalie, was even drafted by the Edmonton Oilers, but he never made it past the . (Luxury travels of the Billionaire Boys Club). And according to SEC documents, his annual base salary is $ 1.5 million, with a bonus of $ 3 billion. But Dovigi had a problem. Von Hanaus PDS Development has two developable sites left on the island, one of which is in contract to sell to the Related Group and billionaire Teddy Sagi. A former professional hockey goalkeeper who is familiar with South Florida real estate paid a record price per square foot for a luxury condo in Fisher Island, one of the wealthiest ZIP codes in the country. His daughter now divides her time between Toronto and California. Brovi also held a mortgage for 310 Waste, a shuttered waste transfer station in Maple, Ontario, that was overloaded with garbage. It reached that target in 2012, the year it began collecting trash and recycling in western Toronto. Careful not to draw attention, Dovigi, then 31, regularly swapped vehiclesa Ford F-150 one day, a Range Rover the next. [14] 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. The deal catapulted it into the industrys top echelons, but along with the private equity recapitalization, it also added heavily to its debt load. Another is the PHOENIX 2, a 90.1-meter superyacht built-in 2010 by Lurssen. She was sold to Graeme Hart, who named her Odyssey. You live and you learn.. GFL valued Mr. Dovigi's stock-options grant at $31.52-million, up from a 2020 option grant valued at $26.57-million. No. More:U.S. Vacation-Home Market Is Outpacing the Broader Housing Boom. Readers of design magazine OBJEKTInternational got a peek inside House Dovigi in 2017, when it devoted a spread to the couples Ritz-Carlton penthouse. The details about yacht ownership as stated on this site and in our Yacht Owners Register are sometimes based on rumors. This London-based design studio specializes in superyachts, sailing boats, buildings, and even private jets. Some say I have an eye for building and my wife has an eye for design, he says. Over the past year, he's acquired two homes in Aspen for $117 million. In a little over a decade, Patrick Dovigi has transformed GFL Environmental from virtually nothing into a trash empire with more than 9,500 employees collecting waste, recycling and organics from more than four million households in nine provinces and 23 U.S. states. She declined to comment. GFL is sensitive about the perception of its debt. 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). [9], In 2016, GFL gained an equity investment from Macquarie Infrastructure Partners, which raised the total value of GFL to roughly $2.4 billion. Dovigi, who said he discovered the news from the Free Press, said that it . His . (Interestingly, GFLs prospectus says the company intends to use the proceeds to repay certain indebtedness.) But he admits that over time, BC Partners will sell its shares. But he didnt keep her for long, as she was sold again. Appraiser Jonathan Miller said the transaction sets a price record for a single-family home in the upscale Colorado ski town. Dovigi, founder and CEO of Canada-based Green for Life Environmental, was a goalie for the Edmonton Oilers. In 2007, Dovigi founded Green For Life Environmental Inc. As Dovigi has mentioned to the media in the past,[9] 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. A handful of U.S. law firms have announced investigations of the Spruce Point allegations, some seeking whistle-blowers with knowledge of GFL. Patrick Wojahn Wife:- Patrick Wojahn is College Park Maryland Mayor. 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. Given my last name, theres been some suspicion, he told an interviewer in 2012. Country of residence : Unknown. He owns 2 private jets. Attached to the filing is a contract of purchase and sale for the Whistler lot from broker Whistler Real Estate Co. Ltd. dated March 28, 2016, detailing the $1.95-million transaction set to close on May 3, 2016. This article was published more than 3 years ago. Please mention SuperYachtFan when using this information! 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. High-end residential sales, in the tens of millions of dollars, have soared recently throughout South Florida, but in particular in Miami-Dade and Palm Beach counties. The yacht is an Amels 242 model, ROCINANTE yacht, formerly known as TV and Madsummer, is an exquisite mega yacht that is renowned for its, The NAJIBA yacht is a multi-award winning yacht built and delivered by Feadship in 2019 at their Aalsmeer, LADY JORGIA Yacht Patrick Dovigis $90M Superyacht. Im just trying to buy a piece of real estate, he said. In 2010 Roark Capital did a $ 100 million investment in the company. As for that Toronto contract, it lived up to its promise of cutting costs for the city, despite a rocky start that included delays, missed pickups and, as one city councillor put it, GFL trucks leaking garbage juice everywhere. LARS (154 feet) . Marie's predominant sports/ entertainment venue, which was renamed GFL Memorial Gardens. Dovigi, founder, president and CEO of Green For Life Environmental, a Canadian waste management company, sold the eight-bedroom, 11,783-square-foot home at 252 Bal Bay Drive to 252 MKP LLC. English Wikipedia. (GFLs main headquarters is located in a much less glamorous Vaughan mid-rise, an hours drive to the north.) Dovfam Fisher Lanai LP, led by Dovigi, financed the Fisher Island purchase with an $8.7 million mortgage from Bank of Montreal, records show. From 1999 to 2002, Dovigi served as vice president of Right Lease, a construction equipment and automotive leasing company. 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. It was spring 2011, and GFL was one of several companies vying to take over garbage collection in the area. 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. The flip side, says Payne, is that if the market gives GFL a premium valuation, Dovigi will have access to lots of cheap capital that could fuel a whole new era of growth. Her value is $90 million. The risk, says McCoubrey, is that a downturn could impact the companys ability to manage its liabilities. ago] Height 6.01 -- Weight 203 [185 cm/92 kg] Drafted by Edmonton Oilers To ensure he landed the contract, he shaved another $2 million off his bid. family name. Luke Pelosi, GFLs chief financial officer, describes driving with Dovigi around small communities like Estevan, Saskatchewan, and Fox Creek, Alberta, looking for acquisition targets. LADY JORGIA yacht is a 74-meter superyacht capable of hosting up to 12 guests in her eight spacious cabins, along with 25 qualified onboard crew members. "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.". The familys own cottage was a 7,500-square-foot home with two boathouses Dovigi built on the private 3.5-acre Star Island, which he bought for $2.8 million in 2013. It must be the Mafia thats involved, says Dovigi, whose stocky six-foot frame and dark hair would certainly get him an audition for the part. They have tons of experience in superyacht designs. In 2002, Dovigi gained exposure in corporate finance when he joined Brovi Investments. In her affidavit, she claims to be the sole officer and director of both Vision Crest Consulting Group Ltd. and 2978 High Point Drive Whistler Holdings Ltd., both of which are named in a lawsuit filed by the Securities and Exchange Commission (SEC) as alleged shell companies used to cloak money reaped from her husbands alleged offshore securities fraud scheme. The Lady Jorgia boat is powered by two Caterpillar 3516C2,000 kW @1600 rpm engines, delivering a maximum speed of 16.5 knots and a cruising speed of 15 knots. None of it is rocket science, but its putting in a lot of time to understand the business on the ground, says Pelosi. [16], Dovigi has made financial donations to organizations that include Camp Oochigeas,[17] Habitat for Humanity,[18] Sunnybrook Foundation, The National Ballet of Canada. Since Patrick Dovigi burst onto the scene in 2011 with a lowball bid for Torontos garbage routes, there have been whispers about how he did it. And in 2022 he bought the Oceanco yacht INFINITY, which he also named Cloud 9. Sometimes in the sports world, you feel like a piece of meat, he says. Dovigi and his wife are fans: Theyve collected at least 18 of Burtynskys large-format prints. If Dovigi sees the irony in acquiring the artwork of a photographer whose work documents the horrifying effects of waste, he doesnt show it. . Records show he paid $10.5 million for unit 6812 in 2019, the year the building was completed by Heinrich Von Hanaus PDS Development. Dovigi now sees an opportunity in the global shifts of the garbage trade. The dog kennels area at the Murdaugh property. But thats changing as the company foresees the emergence of a more sustainable domestic recycling industry. It was called Disko Duck. Kayak CEO Steve Hafner paid $40 million for that unit late last year. The yacht is designed by Zuccon International. 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.