Company:Clean Harbors
From HandWiki
 | |
| Type | Public |
|---|---|
| Industry | Waste management |
| Founded | 1980 |
| Founder | Alan McKim |
| Headquarters | Norwell, Massachusetts, U.S. |
Number of locations | 870 |
Area served | United States Canada |
Key people | Alan McKim (chairperson) Michael L. Battles (co-CEO and co-president) Eric W. Gerstenberg (co-CEO and co-president) Eric J. Dugas (CFO) |
| Services | Environmental & Industrial |
| Revenue |  $5.889 billion (2024) |
| $670 million (2024) | |
| $402 million (2024) | |
| Total assets | $7.377 billion (2024) |
| Total equity | $2.573 billion (2024) |
| Owner | Alan McKim (4.8%) |
Number of employees | 25,232 (2024) |
| Subsidiaries | Safety-Kleen |
| Website | cleanharbors |
| Footnotes / references [1] | |
Clean Harbors, Inc., headquartered in Norwell, Massachusetts, is a provider of waste management and industrial services for commercial customers, specializing in the collection, transportation, treatment and disposal of hazardous waste, but also offering services for non-hazardous waste.[1] The company has 870 operating locations in 630 properties in the U.S. and Canada including a network of over 100 waste disposal facilities such as incinerators, landfills (seven hazardous waste landfills and two non-hazardous waste landfills), treatment, storage and disposal facilities.[1] It also owns Safety-Kleen, the largest re-refiner and recycler of used oil in North America.[1] In 2024, the company received 91% of its revenues in the United States and 9% of its revenues in Canada.[1] In 2024, the company's revenues primarily came from the following industries: chemical industry (15%), manufacturing (14%), refineries (13%), automotive industry (8%), utilities (6%), base and blended oils (5%), oil and gas industry (5%), transportation (4%), government (4%) and retail (3%).[1]
The company is ranked 586th on the Fortune 500.[2]
History
Clean Harbors was founded in 1980 in Brockton, Massachusetts, by Alan McKim as a four-person tank cleaning business.[3]
In November 1987, the company became a public company via an initial public offering.[4]
In 1984, the company removed 130,000 gallons of fuel oil from the tanker Eldia, which became the largest ship to have been beached off Cape Cod.[5]
Acquisitions
| # | Date | Company | Price | Description of Assets | Ref(s). |
|---|---|---|---|---|---|
| 1 | 1989 | Chem Clear | Aqueous waste treatment with facilities in Baltimore, Chicago and Cleveland; first major acquisition outside of New England. | [3] | |
| 2 | 1995 | Kimball, Nebraska Incinerator Facility | Waste incinerator facility acquired from Amoco; first RCRA-certified incinerator. | [6] | |
| 3 | 2002 | Chemical Services Division of Safety-Kleen | $46.3 million | 55 service centers and 33 waste management facilities; expanded chemical and waste disposal services. | [3][7][8] |
| 4 | 2006 | Teris | $52.7 million | Incinerator and treatment, storage and disposal facilities; extended reach to California. | [9] |
| 5 | 2008 | Recycling facilities in Chicago and Hebron, Ohio from Safety-Kleen | $12.5 million in cash and the assumption of $3 million in liabilities | [10] | |
| 6 | 2009 | Eveready | C$464 million | Services for the oil and gas industry; expanded into Canada. | [11] |
| 7 | 2011 | Peak Energy Services | C$$202 million | Oil and gas surface rentals for liquid, solid and sludge processing. | [12] |
| 8 | 2012 | Safety-Kleen | US$1.25 billion | Used oil recycling and re-refining, and parts washers. | [13] |
| 9 | 2015 | Thermo Fluids | $85 million | Recycles used oil, solvents and oil filters. | [14] |
| 10 | 2016 | Emerald Services | Oil and wastewater recycling services. | [15] | |
| 11 | 2017 | Lonestar West | C$44 million | Daylighting and hydro excavation services. | [16] |
| 12 | 2021 | HydroChemPSC | $1.25 billion | Provider of industrial cleaning, specialty maintenance and utilities services; acquired from Littlejohn & Co. | [17] |
| 13 | 2023 | Thompson Industries | $110 million | Industrial service operations in the Southeastern United States. | [18] |
| 14 | 2024 | Hepaco | $400 million | Environmental and emergency response capabilities. | [19] |
See also
- List of cleaning companies
- List of S&P 400 companies
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Clean Harbors, Inc. 2024 Form 10-K Annual Report". U.S. Securities and Exchange Commission. February 19, 2025. https://www.sec.gov/ix?doc=/Archives/edgar/data/0000822818/000082281825000007/clh-20241231.htm.
- ↑ "Clean Harbors Company Profile". https://fortune.com/company/clean-harbors/.
- ↑ 3.0 3.1 3.2 "Company History". Clean Harbors. https://www.cleanharbors.com/about-us/history.
- ↑ RICHTER, PAUL (December 6, 1987). "INVESTMENT OUTLOOK : ASSESSING 1987 : WELCOME TO THE MARKET : 1987: the Best and Worst Year for Initial Public Offerings". Los Angeles Times. https://www.latimes.com/archives/la-xpm-1987-12-06-ss-27183-story.html.
- ↑ FRASER, DOUG (March 31, 2014). "Eldia 'seems like yesterday'". Cape Cod Times. https://www.capecodtimes.com/story/news/2014/03/31/eldia-seems-like-yesterday/37845612007/.
- ↑ Wallace, Jacob (February 15, 2024). "Backlog at Clean Harbors’ Nebraska incinerator leads to $270K EPA fine". Industry Dive. https://www.wastedive.com/news/clean-harbors-kimball-nebraska-incinerator-epa-fine-backlog/707704/.
- ↑ "COMPANY NEWS; CLEAN HARBORS IS BUYING A SAFETY-KLEEN SERVICES UNIT". The New York Times. Reuters. February 26, 2002. https://www.nytimes.com/2002/02/26/business/company-news-clean-harbors-is-buying-a-safety-kleen-services-unit.html.
- ↑ "Favorite Stock: Clean Harbors". CNN. September 3, 2002. https://money.cnn.com/2002/08/27/pf/investing/favorite_stock/index.htm.
- ↑ "Clean Harbors Completes Acquisition Of Teris L.L.C." (Press release). SolidWaste.com. August 21, 2006.
- ↑ "Clean Harbors Acquires Recycling Sites for $15 Million". Waste Business Journal. February 27, 2008. https://www.wasteinfo.com/news/wbj20080304G.htm.
- ↑ Chesto, Jon (April 30, 2009). "Clean Harbors charts Canadian expansion with $387 million acquisition". The Patriot Ledger. https://www.patriotledger.com/story/business/2009/04/30/clean-harbors-charts-canadian-expansion/40112551007/.
- ↑ "Clean Harbors completes acquisition of Peak Energy". The Patriot Ledger. June 13, 2011. https://www.patriotledger.com/story/business/2011/06/13/clean-harbors-completes-acquisition-peak/40043885007/.
- ↑ "Clean Harbors completes deal with Safety-Kleen". Associated Press. December 29, 2012. https://www.yahoo.com/news/clean-harbors-completes-deal-safety-231021145.html.
- ↑ Wrona, Nicole (April 16, 2015). "Clean Harbors closes on Thermo Fluids acquisition". Industry Dive. https://www.wastedive.com/news/clean-harbors-closes-on-thermo-fluids-acquisition/387510/.
- ↑ "Cascadia Capital Advises Emerald Services, Inc. on its Acquisition by Clean Harbors, Inc.". Cascadia Capital. September 14, 2016. https://www.cascadiacapital.com/news/cascadia-capital-advises-emerald-services-inc-acquisition-clean-harbors-inc/.
- ↑ Dooley, Conor; Dolphin, Michael (July 17, 2017). "WeirFoulds Represents Lonestar West in a $43 Million acquisition by Clean Harbors". WeirFoulds LLP. https://www.weirfoulds.com/weirfoulds-represents-lonestar-west-in-in-a-43-million-acquisition-by-clean-harbors.
- ↑ "Littlejohn & Co. Completes Sale of HydroChemPSC to Clean Harbors" (Press release). Littlejohn & Co. October 8, 2021.
- ↑ Quinn, Megan (May 5, 2023). "Clean Harbors says disposal demand and $110M Thompson Industries deal position it well for 2023". Industry Dive. https://www.wastedive.com/news/q1-2023-earnings-clean-harbors-thompson/649405/.
- ↑ "Clean Harbors Closes $400MM Acquisition of HEPACO". Hart Energy. March 25, 2024. https://www.hartenergy.com/exclusives/clean-harbors-closes-400mm-acquisition-hepaco-208594.
 |  |
