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.
Investment Fate
  • Clean Earth was divested to a consortium of strategic buyers in 2025 for 3.0B USD.

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

King of Prussia, Pennsylvania, United States
Clean Earth is a U.S.-based environmental-services company that provides hazardous and non-hazardous waste disposal, recycling, soil remediation, dredged-material processing, and electronic/industrial-waste management services. It operates a large network of fully-permitted Treatment, Storage and Disposal Facilities (TSDFs) across the United States, offering services to industries such as manufacturing, chemical, retail, energy, infrastructure, pharmaceuticals, and government. Clean Earth was established in 1990 and is based in King of Prussia, Pennsylvania.

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Buyer(S) 1

Buyer

Enviri

Philadelphia, Pennsylvania, United States

Category Company
Founded 1853
Sector Metals/Mining
Employees12,000
Revenue 2.3B USD (2023)
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 M&A 1 of 2
Type: Add-on Acquisition M&A Deals 11 of 11
State: Pennsylvania M&A 2 of 2
Country: United States M&A 6 of 7
Year: 2019 M&A 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


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 $10 million. Compass Diversified was founded in 1998 and is headquartered in Westport, Connecticut.


DEAL STATS #
Overall 12 of 16
Sector: Environmental M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 7
State: Pennsylvania M&A 1 of 1
Country: United States M&A 11 of 15
Year: 2019 M&A 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