Shots fired at homes of two executives tied to waste management giant GFL

The homes of two executives tied to Canadian waste management giant GFL Environmental Inc., including the company’s chief executive officer, were shot at within one hour of each other late Sunday night and early Monday morning.

The shootings, which are being investigated by Toronto Police’s guns and gangs unit, took place in separate areas of the city, but both locations are among the wealthiest pockets of Toronto. Police believe the incidents are connected and that the houses were targeted.

GFL, which is traded on the Toronto Stock Exchange and the New York Stock Exchange, is a serial acquirer of smaller rivals and has become one of the four largest waste management companies in Canada and the U.S. GFL’s largest shareholders are private equity firm BC Partners and the Ontario Teachers’ Pension Plan and the company currently has a $20-billion market value.

The first shooting took place at 11:52 p.m. Sunday in Rosedale at the home of GFL founder and CEO Patrick Dovigi. In an interview, Mr. Dovigi confirmed the shooting, saying someone ran up to the side door of his house and tried to get in but couldn’t because the door is metal. After a security guard approached, the man ran away and fired shots that Mr. Dovigi said mostly went into the ground.

What appeared to be a bullet hole could be seen on the brick exterior of the sprawling property early Tuesday, and a security guard was parked in the driveway outside. Police also said a car was hit in the attack. Mr. Dovigi spends most of his time in New York and Miami and was not home at the time of the shooting.

A second house was shot at one hour later, at 12:58 a.m. Monday morning. The home belongs to Ted Manziaris, who is a long-time business partner of Mr. Dovigi’s. Mr. Manziaris is currently a consultant in the GFL family of companies, advising an arm known as Green Infrastructure Partners whose services include road paving, demolition, excavation and remediation.

On Tuesday morning, a tradesman was patching up nine bullet holes on the front door of Mr. Manziaris’s North York home. A woman who answered the door declined to comment.

No injuries were reported and investigators have canvassed both neighbourhoods, where most of the homes have security systems and surveillance video. A neighbour of Mr. Manziaris’s, who did not want to be named as he said he was scared for his family’s safety, said security footage showed a black car outside the Manziaris property at the time of the shooting.

Mr. Dovigi and Mr. Manziaris go back more than a decade. Fresh out of university, Mr. Manziaris co-founded a company called Turtle Island Recycling Corp. that focused on non-hazardous solid waste and recycling collection services for commercial and industrial customers in the Greater Toronto Area. Turtle Island was sold to GFL in 2011.

At the time, GFL, which is based in Vaughan, Ont., was starting to build its empire through acquisitions and the company has grown rapidly since. As a serial acquirer, GFL plows its operating cash flows into new corporate buyouts and the company has not reported a profit since going public in early 2020.

GFL’s growth has made Mr. Dovigi very wealthy and the CEO recently paid US$59.75-million for an Aspen, Colo., house formerly owned by actor Jack Nicholson.

The company Mr. Manziaris currently consults for, Green Infrastructure Partners, or GIP, was created in 2022 by Mr. Dovigi. The division houses some units that used to operate inside GFL, and GIP also purchased Coco Paving, a family business run by siblings Jenny and Rock-Anthony Coco that predominately operates in Ontario. GIP teamed up with New York-based HPS Investment Partners Inc. to purchase the paving company for an undisclosed sum.

Beyond GFL, Mr. Manziaris has had his hand in a number of other companies, including founding Edgefront REIT, a publicly-traded company listed on the TSX Venture Excahnge that has since evolved into Nexus Industrial REIT.

His other business ventures include partnering into the Seattle Kraken, an NHL expansion team, and buying GP8 Oxygen Water, a company that produces water that uses a “revolutionary electrolysis process to increase the solubility of oxygen.”

Mr. Manziaris did not return a request for comment.