M&A
confidence high
sentiment positive
materiality 0.80
Clean Harbors to acquire HEPACO for $400M cash; expects $20M cost synergies
CLEAN HARBORS INC
- Acquisition of HEPACO, a specialized environmental and emergency response services provider in Eastern U.S.
- HEPACO expected 2023 adj. EBITDA ~$36M on $270M revenue; post-synergy multiple of 7.1x.
- Clean Harbors expects $20M in cost synergies after first full year of operations.
- Transaction expected to close in first half of 2024, subject to regulatory approval.
- Funding through available cash and additional debt financing.