M&A Deal Summary

Enviri Acquires Clean Earth

On May 9, 2019, Enviri acquired environmental company Clean Earth from Compass Diversified for 625M USD

Acquisition Highlights
  • This is Enviri’s 1st transaction in the Environmental sector.
  • This is Enviri’s largest (disclosed) transaction.
  • This is Enviri’s 6th transaction in the United States.
  • This is Enviri’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2019-05-09
Target Clean Earth
Sector Environmental
Buyer(s) Enviri
Sellers(s) Compass Diversified
Deal Type Add-on Acquisition
Deal Value 625M USD

Target

Clean Earth

Hatboro, Pennsylvania, United States
website
Clean Earth, Inc. is a provider of environmental services for a variety of contaminated materials including soils, dredged materials, and hazardous waste and drill cuttings. The company analyzes, treats, documents, and recycles waste streams generated in multiple end-markets such as power, construction, oil & gas, infrastructure, industrial, and dredging. Treatment includes thermal desorption, dredged material stabilization, bioremediation, physical treatment/screening, and chemical fixation. Clean Earth was established in 1990 and is based in Hatboro, Pennsylvania.

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Buyer(S) 1

Buyer

Enviri

Philadelphia, Pennsylvania, United States

website

Category Company
Founded 1853
Sector Metals/Mining
Employees12,000
Revenue 1.8B USD (2021)
DESCRIPTION

Enviri is a diversified industrial company serving major industries that are fundamental to worldwide growth and development, including steel and metals, railways and energy. Enviri was founded in 1853 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 16 of 17
Sector (Environmental) 1 of 2
Type (Add-on Acquisition) 11 of 11
State (Pennsylvania) 2 of 2
Country (United States) 6 of 7
Year (2019) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-02 Protran Technology

Newton, New Jersey, United States

Protran Technology LLC is a design and produces a safety systems products for transportation and industrial applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-10 IKG

Houston, Texas, United States

IKG is a manufacturer of high-quality steel and aluminum bar grating, with manufacturing plants throughout North America. From power plants to petroleum refineries, shipyards to large scale factories, IKG services major businesses throughout the industrial sector.

Sell $85M

Seller(S) 1

SELLER

Compass Diversified

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Compass Diversified is a holding company focused on acquiring controlling interests in profitable small to middle-market businesses in attractive niche industries. Compass generally looks for US-based companies with proven management in place, low technological and/or product obsolescence risk, diverse customers, and EBITDA of at least $20 million. Compass Diversified was founded in 1998 and is headquartered in Westport, Connecticut.

DEAL STATS #
Overall 12 of 15
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (Pennsylvania) 1 of 1
Country (United States) 11 of 14
Year (2019) 2 of 2
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-20 Manitoba Harvest

Winnipeg, Manitoba, Canada

Fresh Hemp Foods Ltd. (Manitoba Harvest) is a provider of food products. Manitoba Harvest’s 100% all-natural product lineup includes hemp hearts, hemp protein powder, and hemp snacks and is currently carried in about 16,000 retail locations across the U.S. and Canada.

Sell CA$419M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Marucci

Baton Rouge, Louisiana, United States

Marucci is a manufacturer and distributor of baseball and softball equipment under the Marucci and Victus brands. Its product portfolio includes wood and metal bats, apparel and accessories, batting and fielding gloves, and bags and protective gear. Marucci Sports was established in 2009 and is based in Baton Rouge, Louisiana.

Buy $200M
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