secwatch.observer — SEC 8-K summary
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Issuer:     CLEAN HARBORS INC (CLH)
CIK:        0000822818
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000822818-24-000002
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Harbors to acquire HEPACO for $400M cash; expects $20M cost synergies
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822818/000082281824000002/0000822818-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822818/000082281824000002/clh-20240202.htm
  HTML page:      https://secwatch.observer/filing/0000822818-24-000002

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