Clean Harbors, Inc. has successfully acquired HEPACO for $400 million, enhancing its environmental services capabilities and positioning for future growth.

Information on the Target

HEPACO, headquartered in Charlotte, North Carolina, is a prominent environmental service provider specializing in field and emergency response services. With a workforce of approximately 1,000 employees and a fleet of 900 vehicles across 40 regional locations in 17 states, HEPACO serves over 2,000 customers, offering comprehensive services that include environmental remediation and emergency response. The company’s National Operations center ensures 24-hour coverage throughout the continental United States via a robust network of contractors.

In 2023, HEPACO reported approximately $270 million in revenue, achieving an adjusted EBITDA of around $36 million. This financial performance has positioned the company as a valuable asset in the environmental service sector, making it an attractive target for acquisition.

Industry Overview in the Target’s Specific Country

The environmental services industry in the United States has been experiencing significant growth fueled by increasing regulatory demands and a heightened public awareness of sustainability issues. Companies in this sector are crucial for managing wa