Clean Harbors, Inc. signed a purchase and sale agreement to acquire Environmental Businesses of Depot Connect International for approximately $130 million.
Clean Harbors, Inc. (NYSE:CLH) signed a purchase and sale agreement to acquire Environmental Businesses of Depot Connect International for approximately $130 million on February 18, 2026. A cash consideration of $130 million will be paid by Clean Harbors, Inc. As part of consideration, $130 million is paid towards assets of Environmental Businesses of Depot Connect International. Clean Harbors will fund the acquisition with available cash.
Clean Harbors expects the transaction to close in the first half of 2026, subject to customary closing conditions.
Simpson Thacher & Bartlett LLP acted as legal advisor to Depot Connect International. Stifel Financial Corp. (NYSE:SF) acted as financial advisor to Depot Connect International.
Clean Harbors, Inc. is a provider of sustainable environmental and industrial services throughout North America. The Company provides parts cleaning and related environmental services to general manufacturing, automotive and commercial customers in North America and re-refiner and recycler of used oil in North America. The Company’s Environmental Services segment collects, transports, treats and disposes hazardous and non-hazardous waste, including resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemical disposal, explosives management and CleanPack services. It also offers emergency response services. Its Safety-Kleen Sustainability Solutions (SKSS) segment offers recycled base and blended oil products and other automotive and industrial lubricants to end users including distributors and manufacturers of oil products and industrial plants. It collects used oil which serves as feedstock for its eight oil re-refineries.
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Clean Harbors, Inc. signed a purchase and sale agreement to acquire Environmental Businesses of Depot Connect International for approximately $130 million.
