Clean Harbors - M&A Summary and Business Overview

EnvironmentalCompany

Clean Harbors M&A Summary

Clean Harbors has acquired 11 companies, including 5 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 6 assets.

Clean Harbors’ largest acquisition to date was in 2021, when it acquired HydroChemPSC for $1.3B. It’s largest disclosed sale occurred in 2010, when it sold Pembina Area Landfill to Secure Energy Services for $12M. Clean Harbors has acquired in 6 different US states, and 3 countries. The Company’s most targeted sectors include environmental (50%) and business services (30%).

Clean Harbors Business Overview

Where is Clean Harbors headquartered?

Clean Harbors is headquartered in Norwell, Massachusetts.

What is Clean Harbors’ revenue?

Clean Harbors disclosed revenue of 5,409M USD for 2023 and 5,167M USD for 2022.

How many employees does Clean Harbors have?

Clean Harbors has 21,021 employees.

What sector is Clean Harbors in?

Clean Harbors is an environmental company.

When was Clean Harbors founded?

Clean Harbors was founded in 1980.

M&A Summary

  • M&A Total Activity16
    • M&A Buy Activity10
    • M&A Sell Activity6
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 14
  • M&A Advisors 1

Clean Harbors

Clean Harbors, Inc.

42 Longwater Drive,
Norwell, Massachusetts 02061
United States,
(781) 792-5000
www.cleanharbors.com

Clean Harbors is a provider of environmental and hazardous waste management services, providing essential services to over 45,000 customers. Clean Harbors was founded in 1980 and is based in Norwell, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 6 - 2 - 1 1 10
vol $1.7B $1.4B $400M $3.4B
Sell (0.4/yr) # 4 1 - 1 - - 6
vol $16M $16M
  16

Most Recent M&A

Company Date Value Type
Hepaco, Inc. 2024-02-06 400M USD Divestiture
Charlotte, North Carolina · www.hepaco.com
Thompson Industrial Services LLC 2023-03-31 - Add-on Acquisition
Sumter, South Carolina · www.thompsonindustrialservices.com
Airborne Imaging, Inc. 2022-08-10 - Divestiture
Calgary, Alberta · www.airborneimaginginc.com
HydroChemPSC 2021-08-04 1.3B USD Add-on Acquisition
Deer Park, Texas · www.hydrochempsc.com
Vertex Energy, Inc. - Used Motor Oil Collection & Re-Refining Assets 2021-06-29 140M USD Divestiture
Houston, Texas
JL Filtration Operating Ltd. 2020-04-02 - Divestiture
Leduc, Alberta · www.jlfiltration.com
Veolia North America LLC - Industrial Cleaning Services 2018-01-23 120M USD Divestiture
Chicago, Illinois
Clean Harbors, Inc. - Transformer Services 2017-07-05 - Divestiture
Norwell, Massachusetts
Lonestar West, Inc. 2017-05-11 44M USD Add-on Acquisition
Sylvan Lake, Alberta · www.lonestarwest.com
Catalyst Services, Inc. 2016-09-01 - Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Environmental 5 (50%) 745M (22%) 2 (33%) 12M (72%)
Energy Services and Equipment 2 (20%) 198M (6%) 2 (33%) 5M (28%)
Business Services 3 (30%) 2.5B (73%) - -
Information Technology - - 1 (17%) -
Machinery - - 1 (17%) -
Total 10 $3.4B 6 $16M

By Geo

State/Country Buy Value Sell Value
United States 7 2.0B 2 -
  Texas 2 1.4B - -
  South Carolina 1 - - -
  North Carolina 1 400M - -
  Illinois 1 120M - -
  California 1 - - -
  Arizona 1 85M - -
  Massachusetts - - 1 -
Canada 2 198M 3 12M
  Alberta 2 198M 3 12M
United Kingdom 1 1.3B 1 5M
Domestic 7 (70%) 2.0B (58%) 2 (33%) -
Cross-border 3 (30%) 1.4B (42%) 4 (67%) 16M (100%)
Total 10 $3.4B 6 $16M

Top M&A Advisors

Legal Deals
Davis, Malm & D'Agostine
2

Deal Values

buy # Total
> $1B 2 $2.5B
$100M to $1B 4 $814M
< $100M 2 $129M
TOTAL $3.4B
Largest HydroChemPSC
$1.3B (2021-08-04)
sell # Total
< $100M 2 $16M
TOTAL $16M
Largest Pembina Area Landfill Ltd.
$12M (2010-05-03)

M&A Connections

Deals
Acquired from
Investor(s)
40%
4 (40%)
Strategic(s)
30%
3 (30%)
Divested to
Investor(s)
33%
2 (33%)
Strategic(s)
67%
4 (67%)

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