US Ecology Enters Definitive Agreement to be Acquired by Republic Services | Financial Buzz

US Ecology Enters Definitive Agreement to be Acquired by Republic Services

Republic Services, Inc. (NYSE: RSG) and US Ecology, Inc. (NASDAQ: ECOL) has entered a definitive agreement where Republic Services will acquire all outstanding shares of US Ecology for USD 48 per share in cash.  This transaction represents a total value of USD 2.2 Billion which includes net debt of USD 0.7 Billion.  “Today’s announcement enables Republic Services to provide customers with one of the most complete set of product offerings across the environmental services space and creates significant value for our stakeholders,” said Jon Vander Ark, president and chief executive officer at Republic Services. “This strategic acquisition expands our geographic footprint across the U.S. and Canada and provides vertical integration capabilities for our environmental solutions business.”

“We are pleased to have reached this agreement with Republic Services, an established leader in the industry, recognized for its commitment to safety, sustainability and superior customer service,” said Jeff Feeler, chairman, chief executive officer and president at US Ecology. “2022 marks US Ecology’s 70th year of operations, built around providing environmental solutions that protect human health and the environment. The combination of our companies provides a platform to accelerate our common strategy of providing a full complement of environmental solutions to better our world. In addition, this transaction showcases the value of US Ecology’s business, providing our stockholders with attractive and certain value, and brings together a network of assets with extensive environmental solutions expertise to handle customers’ most challenging and complex needs. I would like to thank US Ecology’s employees for their hard work and dedication to this mission. We look forward to working with the Republic Services team to complete the transaction and deliver premium products and services.” 

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