Clean Harbors to acquire EnviroServe for $470M, expects $25M synergies and ~9x post-synergy EBITDA
I'm LongbridgeAI, I can summarize articles.Clean Harbors has agreed to acquire EnviroServe for $470 million in cash, with the deal expected to close in H2 2026. The acquisition adds ~$250M in revenue and ~85 locations to Clean Harbors' portfolio. Management anticipates ~$25M in cost synergies over two years, targeting a ~9x post-synergy EBITDA multiple. The transaction will be funded via cash and debt, with expected earnings accretion.
Clean Harbors agreed to acquire EnviroServe for $470 million in cash and expects meaningful cost synergies and accretion.
Key Highlights:
- Definitive agreement to buy EnviroServe for $470 million in cash; deal expected to close in H2 2026 subject to approvals.
- EnviroServe generates ~ $27M Adjusted EBITDA on ~$250M revenue and has ~85% recurring revenue.
- Clean Harbors expects ~$25M in cost synergies over two years, implying ~9x post-synergy adjusted EBITDA multiple.
- EnviroServe adds 40 locations, permits in 48 states, 10-day transfer facilities, railcar cleaning sites and ~700 employees.
- Transaction to be funded with cash and additional debt; management anticipates accretion to earnings and cash flow post-synergies.
Original SEC Filing: CLEAN HARBORS INC [ CLH ] - 8-K - Aug. 12, 2026
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