Clean Harbors Closes $400 Mln Acquisition Of HEPACO

RTTNews | Před 581 dny
Clean Harbors Closes $400 Mln Acquisition Of HEPACO

(RTTNews) - Clean Harbors, Inc. (CLH) announced Monday the completion of its acquisition of HEPACO from Gryphon Investors for $400 million in cash. The acquisition was financed through proceeds from a recently completed $500 million expansion of the Company's Term Loan facility. Clean Harbors expects the acquisition to generate cost synergies of approximately $20 million after the first full year of operations, which equates to a post-synergy acquisition multiple of 7.1 times.

Based on the completion date of the transaction, Clean Harbors currently expects that HEPACO will add approximately $30 million of Adjusted EBITDA in 2024. Clean Harbors' management plans to update its 2024 guidance when it reports its first-quarter results on May 1.

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Clean Harbors Provides Q1, FY24 Adj. EBITDA Outlook

Clean Harbors Provides Q1, FY24 Adj. EBITDA Outlook

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RTTNews | Před 614 dny
Asian Markets Mixed Amid Cautious Trades

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RTTNews | Před 20 minutami
Sensex, Nifty To See Muted Start

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RTTNews | Před 42 minutami
Japanese Market Modestly Lower

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RTTNews | Před 1 h 49 min
Australian Market Modestly Lower

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RTTNews | Před 2 h 21 min
Swiss Market Ends Modestly Lower

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RTTNews | Před 8 h 53 min
European Stocks Close Mostly Higher On Easing Trade Tensions

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RTTNews | Před 9 h 9 min