M&A Deal Summary

Clean Harbors Acquires Safety-Kleen Europe

On December 28, 2012, Clean Harbors acquired business services company Safety-Kleen Europe from Warburg Pincus for 1.3B USD

Acquisition Highlights
  • This is Clean Harbors’ 1st transaction in the Business Services sector.
  • This is Clean Harbors’ 2nd largest (disclosed) transaction.
  • This is Clean Harbors’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2012-12-28
Target Safety-Kleen Europe
Sector Business Services
Buyer(s) Clean Harbors
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Credit Suisse Investment Banking
Morgan Stanley
Houlihan Lokey (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Safety-Kleen Europe

Brentford, United Kingdom
Safetykleen is a parts-washing company. Offering the widest choice of machine, support and service options, Safetykleen provides the automotive sector and general industry with cost-effective solutions for component cleaning and degreasing, spraygun cleaning and hazardous waste management.

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Buyer(S) 1

Buyer

Clean Harbors

Norwell, Massachusetts, United States
Category Company
Founded 1980
Sector Environmental
Employees21,021
Revenue 5.4B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 10
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 2 of 5
Country (United Kingdom) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Cat Tech

North Lincolnshire, United Kingdom

Cat Tech is a Catalyst Handling Company, that provides niche industrial services to oil refineries and petrochemical plants across the major international markets and operates from offices in UK, Bulgaria, Sweden, China, Singapore, and Thailand. Cat Tech was founded in 1973 and is based in North Lincolnshire, United kingdom.

Sell £3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-16 Evergreen Oil

Irvine, California, United States

Evergreen Environmental Services is an environmental services company, that collects waste oil. Evergreen Environmental Services was formed in 1984 and is based in Irvine, California.

Buy -

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.

DEAL STATS #
Overall 78 of 251
Sector (Business Services) 7 of 10
Type (Add-on Acquisition) 30 of 90
Country (United Kingdom) 9 of 17
Year (2012) 12 of 12
Size (of disclosed) 18 of 63
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-19 Crossmark

Plano, Texas, United States

Crossmark specializes in sales, merchandising, and in-store marketing spans the grocery, mass, club, drug, dollar, convenience store, consumer electronics and specialty channels. Crossmark was founded in 1905 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 JHP Pharmaceuticals

Parsippany, New Jersey, United States

JHP, headquartered in New Jersey, is a fully integrated specialty pharmaceutical company that acquires, develops, manufactures and sells sterile injectable products. JHP's sterile manufacturing facility, located in Rochester, Michigan, sits on over 80 acres of land and includes a 171,000 sq. ft. production building and warehouse. JHP employs more than 370 staff in the USA in its manufacturing, product development, sales & marketing and corporate areas.

Buy $195M
Mergr

Product

Company

Legal