M&A Deal Summary

Clean Harbors Acquires Thermo Fluids

On February 4, 2015, Clean Harbors acquired environmental company Thermo Fluids from VeroLube for 85M USD

Acquisition Highlights
  • This is Clean Harbors’ 2nd transaction in the Environmental sector.
  • This is Clean Harbors’ 7th largest (disclosed) transaction.
  • This is Clean Harbors’ 2nd transaction in the United States.
  • This is Clean Harbors’ 1st transaction in Arizona.

M&A Deal Summary
Date 2015-02-04
Target Thermo Fluids
Sector Environmental
Buyer(s) Clean Harbors
Sellers(s) VeroLube
Deal Type Divestiture
Deal Value 85M USD

Target

Thermo Fluids

Phoenix, Arizona, United States
Thermo Fluids, Inc. is a provider of environmental services in 21 U.S. states through a network of 36 permitted facilities. The company operates a well-maintained fleet of trucks and rail cars in servicing more than 20,000 customers. TFI's range of environmental services includes used oil recycling, used oil filter recycling, antifreeze products, parts washers and solvent recycling. Its industrial waste management services include vacuum services, remediation, lab pack and hazardous waste management. Thermo Fluids was formed in 1993 and Based in Scottsdale, Arizona.

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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 4 of 10
Sector (Environmental) 2 of 5
Type (Divestiture) 1 of 4
State (Arizona) 1 of 1
Country (United States) 2 of 7
Year (2015) 1 of 1
Size (of disclosed) 7 of 8
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Catalyst Services

United States

Catalyst Services, Inc. is a provider of catalyst change-out services, with a particular expertise in the refining and petrochemicals sector.

Sell -

Seller(S) 1

SELLER

VeroLube

Plano, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

VeroLube is a provider of used oil re-refining services using its own patented and certified ReGenTM re-refining process producing high yields quality hydrocarbon products from used motor oil and operator of vertically integrated route based collectors of used motor oil.

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-10 Thermo Fluids

Phoenix, Arizona, United States

Thermo Fluids, Inc. is a provider of environmental services in 21 U.S. states through a network of 36 permitted facilities. The company operates a well-maintained fleet of trucks and rail cars in servicing more than 20,000 customers. TFI's range of environmental services includes used oil recycling, used oil filter recycling, antifreeze products, parts washers and solvent recycling. Its industrial waste management services include vacuum services, remediation, lab pack and hazardous waste management. Thermo Fluids was formed in 1993 and Based in Scottsdale, Arizona.

Buy $165M
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