Republic Companies, Inc. introduced that it accomplished its acquisition of all excellent shares of US Ecology, Inc. on Might 2, 2022. This transaction expands Republic’s environmental options footprint throughout the U.S. and Canada and gives vertically built-in capabilities for its environmental options enterprise. It additionally gives a platform for accelerated development, together with cross-selling income alternative and extra tuck-in acquisitions.
“We’re excited to welcome US Ecology workers to the Republic crew,” mentioned Jon Vander Ark, president and chief government officer. “With US Ecology’s deep experience in specialty waste dealing with, this acquisition strengthens our place as a number one environmental providers firm providing some of the full units of services to our prospects.”
Republic funded the transaction utilizing a mixture of its credit score amenities and a brand new three-year time period mortgage. The Firm expects to keep up a powerful steadiness sheet and strong investment-grade credit score profile, and plans web debt-to-EBITDA, as outlined in its credit score settlement, to return to under 3x inside 18 months.