Clean Harbors, Inc. signed a definitive agreement to acquire U.S. Industrial Cleaning Services Division of Veolia Environmental Services North America Corp. for $120 million.
January 22, 2018
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Clean Harbors, Inc. (NYSE:CLH) signed a definitive agreement to acquire U.S. Industrial Cleaning Services Division of Veolia Environmental Services North America Corp. for $120 million on January 17, 2018. The division will be acquired in an all-cash transaction. Industrial Cleaning Services division employees will join Clean Harbors. The transaction is subject to approval by U.S. regulators and other customary closing conditions and is expected to close in the first quarter of 2018. The proceeds of the sale will help fuel and accelerate growth for Veolia North America. Clean Harbors expects the division to generate adjusted EBITDA of approximately $15 million to $20 million in its first full year of operations, post synergies. Davis, Malm & D’Agostine acted as legal advisor to Clean Harbors. Brown Gibbons Lang & Company acted as financial advisor and Orrick, Herrington & Sutcliffe LLP acted as legal advisor to Veolia North America.
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 Companyâs 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.
Clean Harbors, Inc. signed a definitive agreement to acquire U.S. Industrial Cleaning Services Division of Veolia Environmental Services North America Corp. for $120 million.
CLEAN HARBORS, INC. 
