November 06, 2012 - Boston, MA
For more information contact: Joanne Thorud
(617) 589-3894; firstname.lastname@example.org
Davis Malm attorneys C. Michael Malm, John D. Chambliss, and Daniel T. Janis represented long-standing client Clean Harbors, Inc. (NYSE: CLH) in its recently signed definitive agreement to acquire Safety-Kleen, Inc. Safety-Kleen is the largest re-refiner and recycler of used oil in North America and a leading provider of parts cleaning and environmental services. Under the terms of the agreement, Clean Harbors will purchase Safety-Kleen in an all-cash transaction valued at $1.25 billion. The acquisition is subject to approval by U.S. and Canadian regulators, as well as other customary closing conditions. The transaction is expected to be completed by year-end.
Clean Harbors anticipates that the acquisition will enable it to significantly expand its range of services, enhance its commitment to sustainability, and add to its strong cash flow. “This acquisition is a landmark achievement for Clean Harbors that we believe will build significant long-term value for our shareholders,” said Alan S. McKim, Chairman and Chief Executive Officer. “The addition of its entire organization aligns perfectly with our acquisition strategy of expanding our Environmental Services business in North America,” McKim said.
Clean Harbors is the leading provider of environmental, energy, and industrial services throughout North America. Clean Harbors now serves over 60,000 customers, including the majority of Fortune 500 companies, thousands of smaller private entities and many federal, state, and local governmental agencies. Headquartered in Norwell, Massachusetts, it has more than 200 locations strategically positioned throughout North America in 38 U.S. states, seven Canadian provinces, Mexico, and Puerto Rico. Please visit Clean Harbors' website for more information.
Davis Malm has proudly served as Clean Harbors’ counsel since the company’s initial formation in 1980, and the firm represented Clean Harbors over a decade ago in its acquisition of the Chemical Services Division of Safety-Kleen.
About Davis, Malm & D'Agostine, P.C.
Founded in 1979, Davis Malm is a premier, mid-sized New England law firm. The firm provides sophisticated, cost-effective legal representation to local, national, and international clients in a wide spectrum of industries. The attorneys at the firm practice at the top level of the profession and deliver successful results to clients through direct partner involvement, responsive client service, and practical and creative problem solving.
Davis Malm has proudly served as Clean Harbors' counsel since the company's initial formation in 1980, and the firm represented Clean Harbors over a decade ago in its acquisition of the Chemical Services Division of Safety-Kleen.