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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 is a provider of environmental services to commercial and governmental entities. Co.'s reportable segments include: Environmental Services, which involve the transportation, treatment, recycling and disposal of hazardous, non-hazardous and radioactive wastes, and include physical treatment, recycling, landfill and deep-well injection disposal and wastewater treatment services; and Field and Industrial Services, which include various specialty and total waste management services provided to refineries, chemical plants, steel and automotive plants, and other government, commercial and industrial facilities either on-site or at its network of facilities located throughout the U.S.
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Buy (3.00 out of 4)