Clean Harbors Acquires HydroChemPSC from Littlejohn & Co. for $1.25 Billion
October 8, 2021
Clean Harbors, Inc. completed the acquisition of HydroChemPSC (HPC), a U.S. provider of industrial cleaning, specialty maintenance and utilities services, from an affiliate of Littlejohn & Co. for $1.25 billion in cash. The transaction — financed with existing cash and proceeds from a new $1.0 billion incremental term loan — expands Clean Harbors' industrial services capabilities and creates cross-selling and margin-improvement opportunities across refining, chemical and utilities end markets.
- Buyers
- Clean Harbors, Inc.
- Targets
- HydroChemPSC
- Sellers
- Littlejohn & Co., LLC
- Industry
- Industrial Services
- Location
- United States
- Transaction Type
- Buyout
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