Peoria Disposal Company is being sold to a Toronto-based company.
PDC spokesman Eric Shangraw says the sale to GFL Environmental is expected to close on October 1. It was announced to employees on Wednesday.
Shangraw said Royal Coulter, the head of the family-owned company based in Peoria since 1928, is retiring.
Shangraw says the sale includes most of the company as-is, including its name, facilities, equipment, and contracts.
Chris Coulter family will continue to own and operate PDC Labs, which is not included in the sale. Matt Coulter will remain with GFL's Illinois-based operations. Jeff Coulter is seeking other opportunities outside the organization, Shangraw said.
PDC was the 38th largest waste disposal company in North America. GFL is the fourth-largest. GFL made $5 billion in revenues last year.
Shangraw declined to disclose the sale price.
PDC's service area extends throughout much of Central Illinois and into parts of Missouri and Iowa.
Shangraw said customers shouldn't notice any changes in service. He said it's unclear if GFL intends to continue using the PDC name, or if they will rebrand.
