AcquisitionsAug 12, 2026, 12:32 PM
Clean Harbors to Acquire EnviroServe for $470M
AI Summary
Clean Harbors, Inc. announced a definitive agreement to acquire EnviroServe, a national provider of environmental and waste management services, for $470 million in cash. The acquisition is expected to close in the second half of 2026, subject to regulatory approval. EnviroServe is projected to generate approximately $27 million in annual Adjusted EBITDA on $250 million in revenues, and Clean Harbors anticipates $25 million in cost synergies, resulting in a post-synergy multiple of about 9x Adjusted EBITDA. The deal is expected to be meaningfully accretive to earnings and cash flow.
Key Highlights
- Clean Harbors to acquire EnviroServe for $470 million in cash.
- Acquisition expected to close in the second half of 2026.
- EnviroServe expected to generate annual Adjusted EBITDA of approximately $27 million on $250 million in revenues.
- Clean Harbors anticipates $25 million in cost synergies over the first two years.
- Post-synergy acquisition multiple is approximately 9x Adjusted EBITDA.
- EnviroServe operates a network of 40 locations and serves nearly 2,500 customers.
- EnviroServe employs more than 700 people and has a specialized fleet of over 700 vehicles.
Price Impact
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