Republic Services, Inc. announced that it completed its acquisition of all outstanding shares of US Ecology, Inc. on May 2, 2022. This transaction expands Republic’s environmental solutions footprint across the U.S. and Canada and provides vertically integrated capabilities for its environmental solutions business. It also provides a platform for accelerated growth, including cross-selling revenue opportunity and additional tuck-in acquisitions.
“We are excited to welcome US Ecology employees to the Republic team,” said Jon Vander Ark, president and chief executive officer. “With US Ecology’s deep expertise in specialty waste handling, this acquisition strengthens our position as a leading environmental services company offering one of the most complete sets of products and services to our customers.”
Republic funded the transaction using a combination of its credit facilities and a new three-year term loan. The Company expects to maintain a strong balance sheet and solid investment-grade credit profile, and plans net debt-to-EBITDA, as defined in its credit agreement, to return to below 3x within 18 months.