Now the couple is renovating a seven-bedroom period home in Rosedale to accommodate their expanding brood. In July, GFL acquired Canada Fibers, which handles 60% of Ontarios blue-box recycling. He lives with his wife VanessaSpeer in a large US$ 45 millionhousein Rose Bay, near Sydney. [19], In June 2019, Dovigi donated $5 million to fund a new sports medicine clinic, called The Dovigi Family Sports Medicine Clinic, which will be built in partnership with Sinai Health in Toronto. Mr. Dovigi also received a salary of $1.97-million, a cash bonus of just. Rizzo resigned, and he was eventually convicted of bribery and sentenced to more than five years in prison. Now Western countries face a glut of scrap, commodity prices for recyclables have collapsed, and cities are confronted with soaring bills to dispose of the stuff. 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. We push all the money out into the field to the regional guys, who know their local markets better., Those who have watched Dovigis rise know his willingness to leap into the trenches is what sets him apart. Best Match Powered by Whitepages Premium. This year, a unit at the Four Seasons Residences at The Surf Club sold for $4,930 per square foot, setting the record countywide. 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 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. GFL's 135,000 commercial and industrial waste-management customers include the City of Sault Ste. 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. SEASENSE (207 feet) Our reporting is copied and/or used by many international media companies. Armed with reference letters from his government customers in Canada, he met with municipal clients to persuade them to stay. ), A bigger question is how Dovigi will adjust to life under the watchful eyes of the market, analysts and regulators. The company was founded in 1984 by Gianni Zuccon and his late wife Paola Galeazzi. If I can successfully do this, I can do anything.. The deal follows the sale last year of a $57.25 million home in nearby Vail, Colo., which also set a record for that area, The Wall Street Journal reported. 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. Federal and provincial governments have begun to mandate that companies take responsibility for end-of-life management of both products and packaging. Credit. Fisher Island, a man-made island off the coast of Miami Beach, is the fifth wealthiest ZIP code in the United States, according to Property Shark. The buyer is listed as Patrick Dovigi, a former professional hockey player once drafted by the Edmonton Oilers, who now runs a sanitation company in Ontario. His [Dovigi's] mind was somewhere else. Manziaris still handles some customer accounts for Dovigi, who calls him GFLs other CEOchief entertainment officer. Manziaris says Dovigi caught his eye when he stole away a waste collection contract for a Toronto furniture business. Patrick Dovigi does not have any NHL stats. With thousands of daily visitors and a strong growth rate,SuperYachtFan became one of thelargest superyacht sites. Some say I have an eye for building and my wife has an eye for design, he says. The short answer: a lot. Name * Email * Website. 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. It was while working at Brovi Investments that Dovigi gained his first experience in waste management. He notes that growth tracked ahead of plan and expects it to pick up with the economic reopening. Dovigi, founder and CEO of Canada-based Green for Life Environmental, was a goalie for the Edmonton Oilers. And Patrick owns a private island in that same lake.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[120,600],'superyachtfan_com-banner-1','ezslot_0',851,'0','0'])};__ez_fad_position('div-gpt-ad-superyachtfan_com-banner-1-0');if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[120,600],'superyachtfan_com-banner-1','ezslot_1',851,'0','1'])};__ez_fad_position('div-gpt-ad-superyachtfan_com-banner-1-0_1');.banner-1-multi-851{border:none!important;display:block!important;float:none!important;line-height:0;margin-bottom:15px!important;margin-left:auto!important;margin-right:auto!important;margin-top:15px!important;max-width:100%!important;min-height:600px;padding:0;text-align:center!important}. [16], Dovigi has made financial donations to organizations that include Camp Oochigeas,[17] Habitat for Humanity,[18] Sunnybrook Foundation, The National Ballet of Canada. He also owns a house in Singapore. Dovigi has heard the rumours. The luxury yacht can accommodate 12 guests and a crew of 28. Video Link: Continuous Play: ON OFF Wed Feb 22 Darryl McCoubrey, an analyst with Veritas Investment Research, says investors will be watching to see how GFL manages its debt levels, which are at the high end for the industry. Public asset : 352,600,438 USD. The aircraft was built in 2019. GRACE yacht, formerly known as Kibo, is a 266-foot superyacht built back in 2014 by Abeking & Rassmussen., The SYNTHESIS yacht is billionaire entrepreneurs Mark Scheinbergs $100 million superyacht. We realize the most organic search traffic of all known yachting websites. [13] 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). (They all did.) It didnt matter that much of that recyclable material was contaminated with garbage and organicsan abundance of cheap labour kept the boom going. Then a mere two weeks later, the Detroit Free Press reported shocking news for GFL and its CEO Patrick Dovigi: Rizzo Environmental was at the center of an FBI corruption probe, based on allegations that Rizzo was paying local politicians to help win collections contracts. Biography of Patrick Dovigi. And it was delivered in 2017. Marie. [20], Dovigi serves as a director on the board of directors for the Ontario Waste Management Association (OWMA). Patrick Dovigi, the Sault Ste. Dovigi and his wife are fans: Theyve collected at least 18 of Burtynskys large-format prints. 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. Two weeks after the deal closed, CEO Chuck Rizzo Jr. was revealed to be at the centre of an FBI corruption investigation. Disable anytime. Marie, ONT [43 yrs. One project drew stiff resistance from locals. She was sold to Graeme Hart, who named her Odyssey. 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. In March 2020, the company was stock listed on the Toronto Stock Exchange, valuating the company at $6.1 billion. That had never happened beforeno one outworks me, he says. Dovigi, who said he discovered the news from the Free Press, said that it . I dont think Patricks been subject to that scrutiny to date, says Payne. And according to SEC documents, his annual base salary is $ 1.5 million, with a bonus of $ 3 billion. A database with more than 1,450 yacht owners. You live and you learn.. Her value is $90 million. We reserve the right to publish any information submitted to us. Readers of design magazine OBJEKTInternational got a peek inside House Dovigi in 2017, when it devoted a spread to the couples Ritz-Carlton penthouse. Dovigi knew many mom-and-pop operations would soon go on the block as their owners retired, but the big guys were too lumbering to be interested in such tiny deals. Under Dovigi's leadership, GFL Environmental has grown to have a total enterprise value of $5.13 billion as of April 2018. #top .av-special-heading.av-15bbg6a-b59912668fb8578cb348fb067939b429{padding-bottom:10px}body .av-special-heading.av-15bbg6a-b59912668fb8578cb348fb067939b429 .av-special-heading-tag .heading-char{font-size:25px}.av-special-heading.av-15bbg6a-b59912668fb8578cb348fb067939b429 .av-subheading{font-size:15px}. Its too much money, he quips when the numbers are read out to him. 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. No. Stay updated with the latest yacht news and exclusive deals! That was not a pleasant experience for me, he says. In 2017, he was recognized by Waste360 with a Top 40 under 40 award, and in the EY Entrepreneur of the YearTM Ontario Awards, as Entrepreneur of the Year in the Power & Utilities Sector. Its a bit like Elon with Teslaeventually, the story and the results have to sync up, and if theres skepticism, the markets can go the other way, and access to capital becomes diminished, and it becomes self-fulfilling that you stop growing because youre not buying things.. Im just trying to buy a piece of real estate, he said. Mayor Rob Ford, still two years away from the infamous crack scandal, had made good on his election promise to privatize trash pickup after a pair of smelly, drawn-out strikes by city collectors. Careful not to draw attention, Dovigi, then 31, regularly swapped vehiclesa Ford F-150 one day, a Range Rover the next. The CEO meets personally with nearly all of GFLs acquisition targets, jetting around the continent on the companys Bombardier jet, and pursues the same type of on-the-ground research he did in Toronto. Marie, in Northern Ontario, and his parents were both teachers, though his father also owned two chains of sports bars. More:U.S. Vacation-Home Market Is Outpacing the Broader Housing Boom. GFL valued Mr. Dovigi's stock-options grant at $31.52-million, up from a 2020 option grant valued at $26.57-million. She has an overall length that spans 242.9 feet or 74 meters, a beam of 44.3 feet or 13.5 meters, and a draft of 12.1 feet or 3.9 meters. Dovfam Fisher Lanai LP, led by Dovigi, financed the Fisher Island purchase with an $8.7 million mortgage from Bank of Montreal, records show. Sometimes when he speaks about his plans for GFL, he comes across like a hockey player giving an interview between periods: You know, weve got to continue executing the organic growth initiatives and, you know, expanding some of the liquid waste business and infrastructure business into the U.S. During one hour-long interview, he repeats you know more than 200 times. The arena will be called the GFL Memorial Gardens for the next 10 years. Toronto is one of them. A database with more than 1,450 yacht owners. 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. 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. With the offering now complete, we anticipate closing the acquisition of the WM/ADS divestiture assets by late Q3/early Q4 2020 and the WCA acquisition before the end of Q4 2020. Under Dovigi's leadership, GFL Environmental has grown to have a total enterprise value of $5.13 billion as of April 2018. (It has since been sold.) 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. And behind Dovigi, to the left, is Canadian Ambassador to. Dovigi sold his waterfront Bal Harbour mansion at 252 Bal Bay Drive in 2020 for $23.3 million. [6] Dovigi lives in Toronto with his wife and five children and has a second home in Muskoka, Ontario. Often actual yacht ownership by the private individuals mentioned can not be confirmed, at least from a legal point of view. We reserve the right to publish any information submitted to us. He was born into the large Italian community in Sault Ste. Now, Delia Mulholland claims that the sale of the Whistler property cant go through unless the SECs certificate is lifted. None of it is rocket science, but its putting in a lot of time to understand the business on the ground, says Pelosi. Data from 2018 suggests that he has an accumulated net worth of over $1 billion, making him one of the wealthiest people in all of Canada. "We will continue pursuing strategic and accretive growth opportunities as we build on our record of successfully integrating acquired companies and realizing synergies. 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. Dovigi also studied business at Ryerson University in 2000. 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. The yacht was sold in early 2019. 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). Amid cries of outrage from opponents of privatization, not to mention intense skepticism from politicians, rivals and the media, Torontos city council awarded Dovigi the seven-year contract, with an option for two one-year renewals (which they have granted). Growing up in Sault. 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. [8] Dovigi also played as a goalie for Toronto's St. Michaels Majors in the teams 1998 to 1999 season. Shares the stories you may have missed from the world of luxury real estate. Over the years, he has bought and sold three homes in Forest Hill. She declined to comment. The SECs original lawsuit focused on the Mulhollands $5-million West Vancouver home on Mathers Avenue owned through Vision Crest, but the commission amended its claim when it discovered the couple owned a lot in Whistler through another shell company. 1 reference. Its pretty simple. [15] Also in 2018, Dovigi was elected to the Board of Directors of the Environmental Research & Education Foundation (EREF). [1][2] In 2017, Dovigi's net worth was estimated at $1.08 billion. Patrick Dovigi (Q23769970) From Wikidata. It was spring 2011, and GFL was one of several companies vying to take over garbage collection in the area. Over the past year, hes acquired two homes in Aspen for $117 million. Our reporting is copied and/or used by many international media companies. The stakes were high. Dovigi swung into crisis mode. [9], While playing minor league hockey, Dovigi began gaining business and entrepreneurial experience. It reached that target in 2012, the year it began collecting trash and recycling in western Toronto. Marie. Reached by phone by Business in. There are still many who argue the contract should revert to unionized city workers. Dovigi will own all of them, giving him roughly 40% voting control of GFL. Thats not the case here, insists Dovigi, who says none of the current investors are cashing in on the IPO. Indeed. We have private-company levels of debt, and once we go public, we will have public-company levels of debt, says Pelosi. In 2018 his income was $49 million, including stock options. I do not have a job and caring for my daughters occupies my time fully, she states in her affidavit. Mr. Sanders was formerly chairman and chief executive of Sanford C. Bernstein, according to a biography on his companys website. Her asking price was EUR 84 million. 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. If Dovigi sees the irony in acquiring the artwork of a photographer whose work documents the horrifying effects of waste, he doesnt show it. How could a man whose rsum includes a stab at becoming an NHL goalie, a stint in automotive leasing and a failed venture alongside Kiss frontman Gene Simmons, create such a vast fortune from nothing? 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. So he took to the skies, chartering a helicopter to fly over the lot mornings and afternoons on several occasions, counting trucks to learn how many were left dormant each day. That was a TSN Turning Point for GFL, he says. This is a crucial moment for Dovigi. LARS (154 feet) . They also own a summer house on Lake Joseph in Ontario. [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. He and his Brazilian wife, Fernanda, who have five children between them, regularly appear in fashion and society photo spreads, and were spotted courtside during the Toronto Raptors championship. In January, Miami-Dade residential sales rose 20 percent, year over year, to 2,645 closings, with condo sales accounting for the majority of deals, jumping 32 percent to 1,637 closings. May 21, 2021 11:30 AM. Delivers the most important property news around the world to your inbox each weekday, COPYRIGHT 2023 MANSION GLOBAL. Patrick Dovigi grew up in Sault Ste. "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.". Statistics of Patrick Dovigi, a hockey player from Sault Ste. 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. Marie, ON, CAN . He is the founder of BB Retail Capital. 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. Or credit a source? 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. In 2007, Patrick had a vision to create a company that is a "one stop shop" provider of environmental solutions. City. The details about yacht ownership as stated on this site and in our Yacht Owners Register are sometimes based on rumors.