M&A
confidence high
sentiment positive
materiality 0.85
Clean Harbors to acquire HydroChemPSC for $1.25B in cash
CLEAN HARBORS INC
- All-cash purchase price of $1.25 billion, subject to customary adjustments.
- HPC 2021E revenue ~$744M, adjusted EBITDA ~$115M.
- Clean Harbors anticipates $40M in cost synergies after first full year, implying 8.1x post-synergy multiple.
- Financing through cash on hand and debt; Goldman Sachs committed $1.0B term loan.
- Transaction expected to close later in 2021, pending regulatory approval.