Dive Brief:
- In a deal worth $465M, Waste firm US Ecology has acquired The Environmental Quality Company, a waste management company specializing in recycling and disposal services.
- The Boise, Idaho-based US Ecology said it will finance the sale with cash and debt financing; the deal is expected to close in the second or third quarter.
- Environmental Quality, based in Wayne, Michigan, has facilities throughout the eastern United States and was previously owned by Kinderhook Industries, a private equity fund based in New York.
Dive Insight:
The President and CEO of US Ecology said, "The addition of EQ to US Ecology's family of permitted facilities will provide us with an expanded environmental revokes platform, broadening our geographic footprint and providing a greater array of services to better meet the needs of our customers. We expect the combination of US Ecology and EQ will result in cross-selling opportunities, transportation synergies and efficiencies of scale."
