Acquisition SynergiesHEPACO is an excellent fit for CLH, with strong east coast presence and national emergency response capabilities, expected to add $30MM of adj. EBITDA in 2024 and $20MM of cost synergies after the first full year post-acquisition.
Financial OutlookThe strong financial performance expected from CLH in the near future will be driven by the Environmental Services business, reflecting the company's robust position in an essential industry.
Strategic PartnershipsCastrol, one of the world's largest lubricant suppliers, announced the launch of Castrol MoreCircular, a partnership with CLH’s Safety-Kleen Sustainability Solutions, signaling a significant move towards sustainable practices and potential market expansion.