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  6. Veolia Environnement Acquires Clean Earth

M&A Deal Summary

Veolia Environnement Acquires Clean Earth

On November 21, 2025, Veolia Environnement acquired environmental company Clean Earth from Enviri for 3.0B USD

Acquisition Highlights
  • This is Veolia Environnement’s 11th transaction in the Environmental sector.
  • This is Veolia Environnement’s largest (disclosed) transaction.
  • This is Veolia Environnement’s 10th transaction in the United States.
  • This is Veolia Environnement’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2025-11-21
Target Clean Earth
Sector Environmental
Buyer(s) Veolia Environnement
Sellers(s) Enviri
Deal Type Divestiture
Deal Value 3.0B 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

Veolia Environnement

Paris, France
Category Company
Founded 1853
Sector Consumer Services
Employees202,332
Revenue 44.7B EUR (2024)
DESCRIPTION

Veolia Environnement provides industrial cleaning, mechanical and maintenance services, and environmental waste management solutions. Veolia Environnement was founded in 1853 and is based in Paris, France.

DEAL STATS #
Overall 21 of 21
Sector: Environmental M&A 11 of 11
Type: Divestiture M&A Deals 4 of 4
State: Pennsylvania M&A 2 of 2
Country: United States M&A 10 of 10
Year: 2025 M&A 5 of 5
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-17 Icetec

Boothwyn, Pennsylvania, United States

Icetec is a digital and distributed energy management company focused on generating quantified energy savings and operational improvement for customers. Icetec is based in Boothwyn, Pennsylvania.

Buy -

Seller(S) 1

SELLER

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 3 of 3
Sector: Environmental M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: Pennsylvania M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-04 Reed Minerals

United States

Reed Minerals is a provider of abrasive blasting media and roofing granules.

Sell -
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