NewsMV
(NYSE: CLH) has completed the acquisition of EnviroServe and ES&H for a combined purchase price of $775 million.
The transactions were funded using available cash and a recently completed $600 million senior notes offering.
The company stated that EnviroServe and ES&H are expected to generate approximately $340 million in annual revenues.
On a post-synergy basis, the combined entities are projected to produce approximately $87 million in annual Adjusted EBITDA, resulting in an acquisition multiple of 8.9 times Adjusted EBITDA.
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