Safety-Kleen has sold its Hebron, Ohio Operations to Clean Harbors
Lincoln International, a leading global mid-market investment bank, acted as the exclusive financial advisor to Safety-Kleen Systems, Inc.. (“Safety-Kleen” or the “Company”) in connection with the sale of its Hebron, Ohio recycling operations to Clean Harbors, Inc.
Safety-Kleen, a privately held company, is the largest collector and re-refiner of used oil and provider of parts cleaning services in North America, and a leading provider of other environmental services. The Company’s approximately 4,300 employees serve more than 400,000 customer locations in the United States, Canada, Mexico and Puerto Rico. The Hebron operations recycle dry cleaning waste as well as solvent and several other waste streams for a variety of customers throughout the U.S. and are operated by a seasoned team of professionals. Services provided on-site at the 12-acre facility include core wastes processing, solvent distillation, packaging of recycled and virgin solvents, wastewater treatment, containerized waste processing and trans-shipping. Going forward, the Hebron operations represent a key component of Clean Harbors’ establishment of its presence in the solvents recycling market.
“With this transaction, Lincoln was able to assist Safety-Kleen in executing its ongoing strategic plan of selling off non-core or underutilized assets, ” said Mike Iannelli, a Managing Director and the co-head of Lincoln’s Business Services Industry group in North America. “This assignment was typical of our work for corporate clients and fit well with our focus on mergers and acquisitions, capital raising and financial advisory services for the burgeoning environmental services sector globally.”
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