CLEAN HARBORS INC 8K

Clean Harbors, Inc. agreed to acquire EnviroServe from an affiliate of One Rock Capital Partners for $470 million in cash, expecting significant cost synergies and accretion to earnings with closing targeted for the second half of 2026.

Clean Harbors, Inc. announced that it has entered into a definitive agreement to acquire EnviroServe, a national provider of environmental and waste management services headquartered in Sandy, Utah, from an affiliate of One Rock Capital Partners, LLC for $470 million in cash, with closing expected in the second half of 2026 subject to regulatory and customary conditions. EnviroServe operates a network of 40 locations with permits in 48 states, including 18 10-day transfer facilities, several solidification and railcar cleaning facilities, and a specialized fleet serving nearly 2,500 customers across diverse industries, generating approximately $250 million in annual revenue and $27 million in Adjusted EBITDA. Clean Harbors expects approximately $25 million of cost synergies over the first two years post-closing, implying a post-synergy acquisition multiple of about nine times Adjusted EBITDA, and anticipates that the transaction will be meaningfully accretive to earnings and cash flow while enhancing its Technical Services and Field Services businesses through increased throughput, expanded railcar cleaning capabilities, cross-selling opportunities, and an enlarged fleet and customer base. The company plans to fund the acquisition with available cash and additional debt financing, and has engaged Davis, Malm & D’Agostine as its legal counsel, while EnviroServe is advised by RBC Capital Markets and Brown Gibbons Lang & Company (BGL) as financial advisors and Latham & Watkins LLP as legal counsel.

Filing Facts

CIK

822818

Ticker

-

Form

8K

Source Type

sec

Accession

0000822818-26-000037

Alert Tier

8