Clean Harbors Moving Toward Waste Disposal Acquisitions

After acquiring Canadian Badger Daylighting in January and Canada’s Peak Energy Services in April, Clean Harbors, Inc. (Norwell, MA) CEO Alan McKim told Reuters recently that his company would likely raise its 2011 revenue outlook following recent acquisitions and that the company will look at deals in the waste disposal business.  Last month’s acquisition of Canada’s Peak Energy Services Ltd. could raise this year’s revenue by about $100 million. Moreover, Mississippi flood cleanup is likely to drive more volume to its disposal facilities which have already reported steady volume despite the usually slow seasonal quarter, according to last week’s first quarter report.

Clean Harbors said, adding Peak and Badger to its existing assets will give it a sizeable presence in the rapidly expanding energy services space. That will likely steer the company, which has recently been diversifying into the energy services business, towards more traditional waste deals. In its first quarter report, the company said volumes at its waste disposal business, its largest segment, are being driven by manufacturing activity and by a rebound in the economy

Information provided by WBJ and Reuters Inc.

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