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Clean Harbors

Clean Harbors, Inc., headquartered in Norwell, Massachusetts, is a provider of waste management and industrial services for commercial customers, specializing in the collection, transportation, treatment and disposal of hazardous waste, but also offering services for non-hazardous waste.[1] The company has 870 operating locations in 630 properties in the U.S. and Canada including a network of over 100 waste disposal facilities such as incinerators, landfills (seven hazardous waste landfills and two non-hazardous waste landfills), treatment, storage and disposal facilities.[1] It also owns Safety-Kleen, the largest re-refiner and recycler of used oil in North America.[1] In 2024, the company received 91% of its revenues in the United States and 9% of its revenues in Canada.[1] In 2024, the company's revenues primarily came from the following industries: chemical industry (15%), manufacturing (14%), refineries (13%), automotive industry (8%), utilities (6%), base and blended oils (5%), oil and gas industry (5%), transportation (4%), government (4%) and retail (3%).[1]

The company is ranked 586th on the Fortune 500.[2]

History

Clean Harbors was founded in 1980 in Brockton, Massachusetts, by Alan McKim as a four-person tank cleaning business.[3]

In November 1987, the company became a public company via an initial public offering.[4]

In 1984, the company removed 130,000 gallons of fuel oil from the tanker Eldia, which became the largest ship to have been beached off Cape Cod.[5]

Acquisitions

See also

References

  1. Clean Harbors, Inc. 2024 Form 10-K Annual Report U.S. Securities and Exchange Commission, February 19, 2025^
  2. Clean Harbors Company Profile Fortune^
  3. Company History Clean Harbors^
  4. PAUL RICHTER. INVESTMENT OUTLOOK : ASSESSING 1987 : WELCOME TO THE MARKET : 1987: the Best and Worst Year for Initial Public Offerings Los Angeles Times, December 6, 1987^
  5. DOUG FRASER. Eldia 'seems like yesterday' Cape Cod Times, March 31, 2014^
  6. Jacob Wallace. Backlog at Clean Harbors’ Nebraska incinerator leads to $270K EPA fine Industry Dive, February 15, 2024^
  7. COMPANY NEWS; CLEAN HARBORS IS BUYING A SAFETY-KLEEN SERVICES UNIT The New York Times, February 26, 2002^
  8. Favorite Stock: Clean Harbors CNN, September 3, 2002^
  9. Clean Harbors Completes Acquisition Of Teris L.L.C. SolidWaste.com, August 21, 2006^
  10. Clean Harbors Acquires Recycling Sites for $15 Million Waste Business Journal, February 27, 2008^
  11. Jon Chesto. Clean Harbors charts Canadian expansion with $387 million acquisition The Patriot Ledger, April 30, 2009^
  12. Clean Harbors completes acquisition of Peak Energy The Patriot Ledger, June 13, 2011^
  13. Clean Harbors completes deal with Safety-Kleen December 29, 2012^
  14. Nicole Wrona. Clean Harbors closes on Thermo Fluids acquisition Industry Dive, April 16, 2015^
  15. Cascadia Capital Advises Emerald Services, Inc. on its Acquisition by Clean Harbors, Inc. Cascadia Capital, September 14, 2016^
  16. Conor Dooley, Michael Dolphin. WeirFoulds Represents Lonestar West in a $43 Million acquisition by Clean Harbors WeirFoulds LLP, July 17, 2017^
  17. Littlejohn & Co. Completes Sale of HydroChemPSC to Clean Harbors Littlejohn & Co., October 8, 2021^
  18. Megan Quinn. Clean Harbors says disposal demand and $110M Thompson Industries deal position it well for 2023 Industry Dive, May 5, 2023^
  19. Clean Harbors Closes $400MM Acquisition of HEPACO Hart Energy, March 25, 2024^