Republic Services Reports Acquisition of US Ecology, an Environmental Solutions Company

Feb 9, 2022 By MarketDepth

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Republic Services, Inc. (NYSE: RSG) and US Ecology, Inc. (NASDAQ: ECOL) announced that the two companies have entered into a definitive agreement under which Republic Services will acquire all outstanding shares of US Ecology for $48 per share in cash, representing a total value of approximately $2.2 billion including net debt of approximately $0.7 billion.

“Today’s announcement enables Republic Services to provide customers with one of the most complete set of product offerings across the environmental services space and creates significant value for our stakeholders. This strategic acquisition expands our geographic footprint across the U.S. and Canada and provides vertical integration capabilities for our environmental solutions business.”

Jon Vander Ark, president and chief executive officer at Republic Services

US Ecology is a leading provider of environmental solutions offering treatment, recycling and disposal of hazardous, non-hazardous and specialty waste. US Ecology’s trailing twelve-month revenue as of September 30, 2021, was $968 million and adjusted EBITDA was $156 million.(1)

“We are pleased to have reached this agreement with Republic Services, an established leader in the industry, recognized for its commitment to safety, sustainability and superior customer service. 2022 marks US Ecology’s 70th year of operations, built around providing environmental solutions that protect human health and the environment. The combination of our companies provides a platform to accelerate our common strategy of providing a full complement of environmental solutions to better our world. In addition, this transaction showcases the value of US Ecology’s business, providing our stockholders with attractive and certain value, and brings together a network of assets with extensive environmental solutions expertise to handle customers’ most challenging and complex needs. I would like to thank US Ecology’s employees for their hard work and dedication to this mission. We look forward to working with the Republic Services team to complete the transaction and deliver premium products and services.”

Jeff Feeler, chairman, chief executive officer and president at US Ecology

(1) Represents US Ecology’s adjusted EBITDA for the twelve-month period ended September 30, 2021. US Ecology’s adjusted EBITDA is a non-GAAP measure. Please see US Ecology’s press releases and accompanying tables, filed with the SEC on form 8-K, for additional information about US Ecology’s use of non-GAAP measures and a reconciliation of adjusted EBITDA to the most comparable GAAP measure.