Clean Harbors Closes $400 Mln Acquisition Of HEPACO

RTTNews | 583 days ago
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 | 616 days ago
U.S. Pending Home Sales Unexpectedly Unchanged In September

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RTTNews | 1h 8min ago
Bank Of Canada Cuts Interest Rates By Another Quarter Point

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RTTNews | 1h 10min ago
FTSE 100 Advances As Miners, Pharma Stocks Rally

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RTTNews | 3h 25min ago
Pound Slides Amid UK Fiscal Concerns

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RTTNews | 3h 55min ago
CAC 40 Flat In Cautious Trade Ahead Of Fed Rate Decision

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RTTNews | 4h 16min ago