Share “US Ecology buying Environmental Quality”

US Ecology buying Environmental Quality

Published on NewsOK Modified: April 7, 2014 at 7:55 am •  Published: April 7, 2014

BOISE, Idaho (AP) — U.S. Ecology is buying environmental services and waste management company The Environmental Quality Co. in a stock deal valued at $465 million that will help expand its environmental services offerings and broaden its geographic reach.

U.S. Ecology, through its subsidiaries, provides radioactive, hazardous, PCB and non-hazardous industrial waste management and recycling services to commercial and government entities, such as refineries and chemical production facilities, manufacturers, electric utilities, steel mills, medical and academic institutions and waste brokers.

Privately held Environmental Quality, based in Wayne, Mich., has facilities in the Eastern U.S. These facilities include one hazardous waste permitted landfill located outside of Detroit, 13 waste treatment and recycling facilities and 21 dedicated service centers. The company is owned by an affiliate of New York private equity fund Kinderhook Industries LLC.

Boise, Idaho-based U.S. Ecology Inc. said Monday that it will finance the deal with a combination of available cash and committed debt financing that includes a new $540 million credit facility made up of approximately $415 million in a seven-year term loan and a $125 million five-year revolving credit facility.

The transaction is expected to add to U.S. Ecology's 2014 adjusted earnings per share.

The acquisition is expected to close in the second or third quarter.

U.S. Ecology shares closed at $35.99 on Friday. They are down 3 percent so far this year.


  1. 1
    Vinita police chief: Extreme sunburn case still under investigation, drawing international media...
  2. 2
    Hundreds pack memorial service for man killed at north Tulsa park
  3. 3
    There’s a New Restaurant That Specializes in Potato-Chip Sandwiches
  4. 4
    The most popular liquor in every state
  5. 5
    The FBI has subpoenaed lewd text messages between Subway's Jared Fogle and a former Subway...
+ show more


× Trending business Article