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Clean Harbors acquires Depot Connect International

PUBLIC · CLHFeb 19, 2026•4 months ago

Acquiring Company

Clean Harbors

Acquired Company

Depot Connect International

TampaTransportation

Description

Depot Connect International (DCI) announced today the completion of an agreement to sell its industrial and rail services business to Clean Harbors for approximately $130 million. The transaction includes five strategic sites in Ohio, Louisiana, and Texas and is expected to close in the first half of 2026, subject to customary closing conditions. This divestiture marks a significant milestone in DCI's long-term strategy to focus more on its core business.

Company Information

Company

Clean Harbors

About

Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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