M&A Deal Summary

Veolia Acquires Clean Earth

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

Acquisition Highlights
  • This is Veolia’s 1st transaction in the Environmental sector.
  • This is Veolia’s largest (disclosed) transaction.
  • This is Veolia’s 2nd transaction in the United States.
  • This is Veolia’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2025-11-21
Target Clean Earth
Sector Environmental
Buyer(s) Veolia
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

Stockholm, Sweden

Category Company
Sector Environmental
DESCRIPTION

Veolia is an ecological transformation company which designs and provides game-changing solutions that are both useful and practical for water, waste, and energy management. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and replenish them. Veolia is based in Stockholm, Sweden.


DEAL STATS #
Overall 3 of 3
Sector: Environmental M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2025 M&A 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-24 Chameleon Industries

Mesquite, Texas, United States

Chameleon Industries is a producer of specialty chemicals that operates four production facilities in Texas, Oregon, and Arizona that recover byproducts of semiconductor manufacturing for beneficial reuse. Chameleon Industries is based in Mesquite, Texas.

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