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Slide #2. US Ecology, Inc. — EQ
US Ecology, Inc. (NASDAQ:ECOL)
US Ecology, Inc. (NASDAQ: ECOL) ("the Company") today announced that it has entered into a definitive stock purchase agreement to acquire EQ - The Environmental Quality Company ("EQ"), a fully-integrated environmental services and waste management company based in Wayne, Michigan, with facilities throughout the Eastern United States. EQ is owned by an affiliate of New York based private equity fund Kinderhook Industries, LLC. The transaction, valued at $465 million, is expected to close in the second or third quarter of 2014 and is subject to customary closing conditions, and a purchase price adjustment based on working capital. The acquisition is expected to be accretive to adjusted earnings per share for the full year 2014.
US Ecology provides environmental services to commercial and government entities. Co.'s business segments are: Environmental Services, which provides a range of hazardous material management services including transportation, recycling, treatment and disposal of hazardous and non-hazardous waste; and Field and Industrial Services, which provides packaging and collection of hazardous waste and total waste management solutions such as on-site management, waste characterization, transportation and disposal of waste, as well as other services such as industrial cleaning and maintenance, remediation, lab packs, retail services, transportation, emergency response and other services.
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Hold (2.50 out of 4)
(ranked lower than approx. 85% of all stocks covered)
Based on Zacks ABR data;
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