AcquisitionsMay 14, 2026, 11:02 AM
Clean Harbors Acquires Terra Nova Solutions for $225M
AI Summary
Clean Harbors, Inc. announced the completion of its acquisition of Terra Nova Solutions for $225 million, funded with available cash. This strategic acquisition enhances Clean Harbors' Technical Services and Field Services businesses by adding a regional provider of hazardous and non-hazardous waste solutions. The company expects Terra Nova to generate $45 million to $50 million in annual revenue and approximately $15 million in Adjusted EBITDA, with an anticipated $4 million in annual synergies.
Key Highlights
- Clean Harbors acquired Terra Nova Solutions for $225 million in an all-cash transaction.
- Terra Nova Solutions is expected to generate $45 million to $50 million in annual revenue.
- The acquisition is anticipated to add approximately $15 million in Adjusted EBITDA.
- Clean Harbors expects to achieve $4 million in annual synergies after the first full year.
- The post-synergy multiple for the acquisition is estimated at 11.8 times.
- Terra Nova operates five sites in the Carolinas, including wastewater treatment and solidification facilities.
- Terra Nova has an annual capacity to treat 35 million gallons of wastewater and 85 million gallons of solidification.
- The acquisition includes Terra Nova's fleet of 150 specialized trucks and tankers.