Waste Management Leader Acquires Carolina-Based Company for $225 Million

CLEAN HARBORS INC (CLH) announced on May 14 that it has agreed to acquire Terra Nova Solutions, a hazardous and non-hazardous waste treatment company operating in the Carolinas, for approximately $225 million in cash. Terra Nova generates annual revenues of $45–50 million and roughly $15 million of adjusted EBITDA. With this acquisition, Clean Harbors will add five sites—including wastewater treatment and solidification facilities—more than 100 employees and 150 specialty vehicles to its network. The company expects the deal to strengthen its technical and field service capabilities, expand recurring revenue, create cross-selling opportunities and deliver about $4 million in annual synergies beginning in the first year.

Earlier, on May 6, Clean Harbors reported record first-quarter 2026 results, with revenue of $1.46 billion, net income of $63.2 million and a 6% increase in adjusted EBITDA. Following these results, the company raised its full-year 2026 guidance for both adjusted EBITDA and adjusted free cash flow. Over the past several years, Clean Harbors has expanded its service offerings and geographic coverage through acquisitions—such as HEPACO—and capital investments; the Terra Nova transaction continues that strategy. (Source: SEC)

Headquartered in Norwell, Massachusetts, Clean Harbors is North America’s largest environmental and industrial services and hazardous waste management provider. Through its two segments—Environmental Services and Safety-Kleen Sustainability Solutions—the company offers hazardous waste collection, transportation, incineration and disposal; oil re-refining; industrial cleaning; and emergency spill response services. With an extensive network of treatment facilities and service locations across North America, Clean Harbors competes with Waste Management, Republic Services, GFL Environmental and other leading waste and environmental services firms. (Source: Clean Harbors)