m_and_a
confidence high
sentiment positive
materiality 0.75
Clean Harbors acquires Terra Nova Solutions for $225M all-cash
CLEAN HARBORS INC
- $225M all-cash acquisition of Terra Nova, a regional hazardous waste provider with 5 sites in the Carolinas.
- Terra Nova expected to generate $45-50M annual revenue and ~$15M Adjusted EBITDA.
- Clean Harbors anticipates ~$4M annual synergies, implying a post-synergy multiple of 11.8x.
- Acquisition adds 150 specialized trucks/tankers and 100+ employees; enhances Technical Services and Field Services.
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