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BGL ANNOUNCES THE SALE OF VEOLIA NORTH AMERICA’S U.S. INDUSTRIAL CLEANING SERVICES DIVISION

Brown Gibbons Lang & Company (“BGL”) has announced the sale of the U.S. Industrial Cleaning Services Division (the “Division”) of Veolia Environmental Services North America, LLC, a subsidiary of Veolia North America, Inc. (“Veolia”) to Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH). BGL’s Environmental & Industrial Services team served as the exclusive financial advisor to Veolia in the transaction. BGL’s Environmental & Industrial Services team served as the exclusive financial advisor to Veolia in the transaction. Headquartered in Houston, Texas, Veolia’s U.S. Industrial Cleaning Services Division is a leading national provider of industrial cleaning services with total 2017 revenue of approximately $210 million.

 

Operating from more than 60 locations across the U.S., many of which are nested inside customer facilities, Veolia’s U.S. Industrial Cleaning Services Division provides a broad range of specialized and critical services to an extensive customer base. Such services include industrial vacuuming, hydro-blasting, tank cleaning, chemical cleaning, turnaround support, total waste management, decontamination, and transportation. The Division’s well-trained workforce, extensive fleet of more than 600 specialized vehicles and equipment, industry leadership in Hands Free™ technologies, and safety have enabled it to become a trusted service partner to a wide range of refining, chemical, automotive, power generation, and other industrial customers nationwide.

Source: PRNewswire