Clean Harbors Announces $305M Acquisition of ES&H and Expands Data Center Services
Clean Harbors reported strong second-quarter financial results, with revenue rising 11.9% year over year to $1.74 billion, net income up 34.3%, and adjusted EBITDA increasing by 21.6%. The company attributed its performance to macroeconomic tailwinds and several key projects. In a significant move, Clean Harbors announced an all-cash acquisition of Louisiana-based ES&H for $305 million. Expected to add about $90 million in annual revenue and $5 million in cost synergies within the first year, the deal is set to enhance its emergency response capabilities across 13 service branches. The company also revealed a new data center strategy involving an investment of around $50 million for specialized equipment. Clean Harbors aims to leverage its existing expertise in chemical and refinery services by offering mechanical flushing, water filtration, and other related solutions tailored for the growing data center industry.
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