Clean Harbors Closes $400 Mln Acquisition Of HEPACO

RTTNews | 588 dni temu
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

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RTTNews | 621 dni temu
Australian Market Extends Early Losses In Mid-market

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RTTNews | 1g 49 minut temu
Asian Markets Trade Mixed

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RTTNews | 2g 16 minut temu
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Thai Stock Market May Snap Losing Streak On Tuesday

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RTTNews | 3g 15 minut temu
Japanese Market Slightly Higher

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RTTNews | 3g 32 minut temu
Indonesia Stock Market To Remain Rangebound On Tuesday

Indonesia Stock Market To Remain Rangebound On Tuesday

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RTTNews | 3g 45 minut temu
Mild Upside Seen For Hong Kong Stock Market

Mild Upside Seen For Hong Kong Stock Market

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