Clean Harbors, Inc. completed the acquisition of HEPACO, LLC from Gryphon Investors Inc.
March 21, 2024
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Clean Harbors, Inc. (NYSE:CLH) agreed to acquire HEPACO, LLC from Gryphon Investors Inc for $400 million on February 2, 2024. As per the terms, the consideration will be paid in cash and transaction is subject to regulatory approval and other customary closing conditions. HEPACO generated full-year 2023 EBITDA of approximately $36 million on $270 million of revenue. Davis, Malm & D'Agostine, P.C. acted as a legal advisor to Clean Harbors, Inc. John Tye, Chris Clark, Tripp Griffin, Robert Kendrick and Jen Donohue of Piper Sandler Companies (NYSE:PIPR) and Houlihan Lokey, Inc. (NYSE:HLI) acted as a financial advisors and Kirkland & Ellis LLP and Moore & Van Allen PLLC acted as a legal advisor to HEPACO, LLC. The acquisition is expected to close in the first half of 2024.
Clean Harbors, Inc. (NYSE:CLH) completed the acquisition of HEPACO, LLC from Gryphon Investors Inc on March 22, 2024.
Clean Harbors, Inc. is a provider of sustainable environmental and industrial services throughout North America. The Company provides parts cleaning and related environmental services to general manufacturing, automotive and commercial customers in North America and re-refiner and recycler of used oil in North America. The Companyâs Environmental Services segment collects, transports, treats and disposes hazardous and non-hazardous waste, including resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemical disposal, explosives management and CleanPack services. It also offers emergency response services. Its Safety-Kleen Sustainability Solutions (SKSS) segment offers recycled base and blended oil products and other automotive and industrial lubricants to end users including distributors and manufacturers of oil products and industrial plants. It collects used oil which serves as feedstock for its eight oil re-refineries.