Clean Harbors to Acquire Depot Connect Industrial and Rail Services for $130M

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Clean Harbors has agreed to acquire Depot Connect International’s Industrial Services and Rail Services business for approximately $130 million, encompassing five strategic locations across Ohio, Louisiana and Texas. The transaction is set to close in the first half of 2026, expanding Clean Harbors’ industrial services footprint and reinforcing regional infrastructure.

1. Transaction Details

Clean Harbors will acquire Depot Connect International’s Industrial Services and Rail Services operations for approximately $130 million in a definitive agreement covering five strategic locations in Ohio, Louisiana and Texas. The deal is expected to close in the first half of 2026, subject to customary closing conditions.

2. Strategic Rationale

The purchase extends Clean Harbors’ service network into critical transportation hubs, enhancing its capacity to serve industrial and rail customers across three states. This targeted expansion bolsters the company’s regional infrastructure and supports its long-term growth strategy.

3. Post-Closing Collaboration

Following the acquisition, Depot Connect International will remain closely integrated with Clean Harbors, co-locating at major facilities in Baton Rouge and Pasadena to provide tank trailer cleaning and maintenance. Both companies will continue collaborating on transportation services and wastewater treatment to ensure a seamless transition for customers.

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