BGL Announces the Sale of Veolia North America’s U.S. Industrial Cleaning Services Division
February 26 2018
Chicago/Cleveland – February 26, 2018 – Brown Gibbons Lang & Company (“BGL”) is pleased to announce the sale of the U.S. Industrial Cleaning Services Division (the “Division”) of Veolia Environmental Services North America, LLC, a subsidiary of Veolia North America, Inc. (“Veolia”) to Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH). BGL’s Environmental & Industrial Services team served as the exclusive financial advisor to Veolia in the transaction.
Headquartered in Houston, Texas, Veolia’s U.S. Industrial Cleaning Services Division is a leading national provider of industrial cleaning services with total 2017 revenue of approximately $210 million. Operating from more than 60 locations across the U.S., many of which are nested inside customer facilities, Veolia’s U.S. Industrial Cleaning Services Division provides a broad range of specialized and critical services to an extensive customer base. Such services include industrial vacuuming, hydro-blasting, tank cleaning, chemical cleaning, turnaround support, total waste management, decontamination, and transportation. The Division’s well-trained workforce, extensive fleet of more than 600 specialized vehicles and equipment, industry leadership in Hands Free™ technologies, and safety have enabled it to become a trusted service partner to a wide range of refining, chemical, automotive, power generation, and other industrial customers nationwide.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer & Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Diversified Industrials, Metals & Metals Processing, and Real Estate. BGL has offices in Chicago, Cleveland, Philadelphia, San Antonio, and San Diego in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.