M&A Deal Summary

Clean Harbors Acquires Vertex Energy - Used Motor Oil Collection & Re-Refining Assets

On June 29, 2021, Clean Harbors acquired environmental company Vertex Energy - Used Motor Oil Collection & Re-Refining Assets from Vertex Energy for 140M USD

Acquisition Highlights
  • This is Clean Harbors’ 4th transaction in the Environmental sector.
  • This is Clean Harbors’ 5th largest (disclosed) transaction.
  • This is Clean Harbors’ 4th transaction in the United States.
  • This is Clean Harbors’ 1st transaction in Texas.

M&A Deal Summary

Date 2021-06-29
Target Vertex Energy - Used Motor Oil Collection & Re-Refining Assets
Sector Environmental
Buyer(s) Clean Harbors
Sellers(s) Vertex Energy
Deal Type Divestiture
Deal Value 140M USD

Target

Vertex Energy - Used Motor Oil Collection & Re-Refining Assets

Houston, Texas, United States
The Vertex assets being acquired include a 20-million-gallon re-refinery in Columbus, Ohio, and a 69-million-gallon re-refinery in Marrero, Louisiana. The deal involves 17 service branches strategically located throughout the Midwest and Gulf Coast, supported by approximately 200 employees and a fleet of collection vehicles.

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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 7 of 10
Sector (Environmental) 4 of 5
Type (Divestiture) 3 of 4
State (Texas) 1 of 2
Country (United States) 4 of 7
Year (2021) 1 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-02 JL Filtration

Leduc, Alberta, Canada

JL Filtration is an industrial fluids filtration manufacturing and services company that provides comprehensive solutions to the environmental compliance challenges of its customers across Canada. JL Filtration was founded in 1986 and is based in Leduc, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 HydroChemPSC

Deer Park, Texas, United States

HydroChemPSC is a national provider of industrial cleaning, specialty maintenance services, and technology solutions to the critical energy infrastructure in the United States. The company has built a strong business platform by partnering with clients who value safety, the most modern and productive equipment in the industry, a deep bench of engineering talent, and the highest standards for environmental compliance. It works as partners to transparently identify ways to reduce wastes, costs, and liabilities. HydroChemPSC was formed in 1977 and is based in Deer Park, Texas.

Buy $1.3B

Seller(S) 1

SELLER

Vertex Energy

Houston, Texas, United States

Category Company
Founded 2001
Sector Environmental
Employees481
Revenue 3.2B USD (2023)
DESCRIPTION

Vertex Energy is a environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its primary focus is recycling used motor oil and other petroleum by-product streams. Vertex Energy was founded in 2001 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Mobile Chemical Refinery

Mobile, Alabama, United States

Mobile Chemical LP Refinery is designed to process approximately 90,000 barrels per day of crude oil and products that include LPG, diesel fuel, jet fuel, and gasoline. It also produces low-sulfur VGO/Heavy Olefin Feed and Benzene. It has the optionality to run as a stand-alone refinery, produce base oils or chemicals feedstock.

Buy $75M