Tuesday, Clean Harbors, Inc. (CLH) announced that it has reached a definitive agreement with Gryphon Investors to purchase environmental and emergency services company Hepaco LLC for $400 million in cash.
It is anticipated that the Eastern United States-based Hepaco will generate approximately $36 million in EBITDA for the full year of 2023, based on adjusted figures from $270 million in revenues.
Clean Harbors foresees achieving around $20 million in cost synergies following the first complete year of operations post-acquisition, resulting in a post-synergy acquisition multiple of 7.1 times.
The acquisition is set to be financed through existing cash reserves and additional debt financing, with the transaction expected to be finalized in the first half of 2024.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.