Clean harbors finalizes dual acquisitions for $775 million

• Clean Harbors completed its acquisitions of EnviroServe and ES&H for a combined purchase price of $775 million.
• The transactions were funded through available cash and a recently completed $600 million senior notes offering.
• The company stated that the acquisitions are expected to expand its Technical Services and Field Services businesses across North America.

Clean Harbors (NYSE:CLH) completed the acquisitions of EnviroServe and ES&H for a combined purchase price of $775 million in cash and senior notes.

The transactions expand the business into new regional markets compared to its previous operating footprint across North America.

The two acquired companies are expected to generate annual revenues of approximately $340 million with a combined post-synergy Adjusted EBITDA of approximately $87 million.

Following the announcement, Clean Harbors' share price was up at $215.50.

The company focuses on providing environmental, energy, and industrial services throughout North America.

The latest purchases align with the corporate strategy of prioritizing profitable growth within the Environmental Services segment.