1

Clean Harbors

#1365

Rank

$13.3B

Marketcap

US United States

Country

Clean Harbors
Leadership team

Mr. Alan S. McKim (Founder, Chairman, Pres & CEO)

Mr. Michael L. Battles CPA (Exec. VP & CFO)

Mr. Eric W. Gerstenberg (Chief Operating Officer)

Products/ Services
CleanTech, Energy, Industrial
Number of Employees
1,000 - 20,000
Headquarters
Norwell, Massachusetts, United States
Established
1980
Company Registration
SEC CIK number: 0000822818
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
CLH
Social Media
Overview
Location
Summary
Clean Harbors, Inc. provides environmental and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste. This segment also provides industrial maintenance and specialty industrial services, and utilizes specialty equipment and resources that performs field services. The Safety-Kleen Sustainability Solutions segment offers specially designed parts washers; automotive and industrial cleaning products, such as antifreeze, windshield washer fluid, degreasers, glass and floor cleaners, hand cleaners, absorbents, mats, and spill kits; pickup and transportation services for hazardous and non-hazardous containerized waste for recycling or disposal; and vacuum services to remove solids, residual oily water and sludge, and other fluids from customers oil/water separators, sumps, and collection tanks, as well as remove and collect waste fluids found at metal fabricators, auto maintenance providers, and general manufacturers. This segment also manufactures, formulates, packages, distributes, and markets lubricants; and provides containerized waste, vacuum services, used motor oil collection, and contract blending and packaging services. Clean Harbors, Inc. was incorporated in 1980 and is headquartered in Norwell, Massachusetts.
History

Clean Harbors, Inc. was founded in 1980 in Brockton, Massachusetts, a Boston suburb, by Alan S. McKim, who continues as the company's CEO and Chairman. The company had one truck and four employees who transported and disposed of hazardous wastes for local businesses. It soon began adding larger corporate accounts and grew to 18 employees and $1.5 million in revenues by the end of its second year. In year three its revenue increased to $4.2 million and 34 employees.

Clean Harbors expanded to offer emergency hazardous waste cleaning services and industrial waste disposal, as well as ongoing management of hazardous material sites. Revenues continued to climb approaching $50 million in 1986.

Expansion and diversification

Clean Harbors held its initial public offering offering of one million shares at $9 a share on the NASDAQ on November 24, 1987. Six months later Clean Harbors' stock had risen from $9 to more than $15. The company made a secondary offering at the higher share price. After the two tranches Alan McKim retained about 60 percent ownership of Clean Harbors.

Going public set the stage for expansion. Clean Harbors, still solely an environmental services company, purchased Occupational Safety and Health Administration Resource Conservation and Recovery Act certified hazardous waste incinerators in Arkansas, Nebraska, Ontario, Quebec, Texas and Utah, which it continues to own and operate to this day.

During this time Clean Harbors also developed its emergency response capabilities. Its first project came in 1984 when it removed oil from a tanker, which foundered off Cape Cod in a snowstorm. It participated in several cleanup projects in New England and expanded to respond to emergencies outside of the region as well as handling industrial and land-based cleanup and transportation projects.

During this time the company also greatly expanded its services for the industrial and chemical industry sectors. These services focused on collecting, packing and disposing of industrial and research laboratory and production chemicals, many of which were disposed of through Clean Harbors' expanding network of RCRA-certified landfills and incinerators. In 1998, Clean Harbors Industrial Services was established as division to handle in-plant cleaning and maintenance services, including chemical cleaning, vacuuming, steam cleaning and hydroblasting of chemical processing equipment.

Over the years Clean Harbors has continued to expand through organic growth and approximately 35 acquisitions. Most of the acquisitions were relatively small compared to Clean Harbors’ overall revenues. Major acquisitions, such as Eveready, Inc., Peak Energy Services, Teris LLC and most notably, Safety-Kleen Systems, their best acquisition to date, have substantially added to the company's assets and broadened its service lines to include industrial and energy services, solvent recovery/recycling, lodging and oilfield and environmental dewatering technologies.

Today, Clean Harbors has a substantial presence in oil and gas oilfields and refinery operations and used oil recycling and re-refining while maintaining and growing its environmental and industrial services business lines.

Acquisitions timetable

Over the years Clean Harbors has completed the purchase of more than 35 companies or substantial divisions of companies. Early investments from Clean Harbors’ founding until 2009 were primarily in the environmental services, waste management and industrial services areas. It made its first major acquisition in the oil and gas area in 2009 and has since further expanded in that sector through organic growth and acquisitions.

Significant acquisitions include:

1989 – Chem Clear Inc. First major acquisition outside of New England.

1995 – Kimball Incinerator Facility First RCRA-certified incinerator.

2002 – Chemical Services Division of Safety-Kleen Significantly expanded Clean Harbors' chemical and waste disposal services.

2007 – Teris LLC Extended Clean Harbors’ reach to California.

2008 – Safety-Kleen Solvent Recycling Division and Universal Environmental Gave Clean Harbors a significant position in solvent recycling.

2009 – Eveready Inc. significantly expanded energy and industrial services and provided a major presence in Canada.

2011 – Peak Energy Services Added new capabilities to Clean Harbors oilfield services.

2012 – Safety-Kleen The $1.25 billion purchase added small generator market resources and significantly expanded the company.

2021 - HydroChemPSC .

Mission
Company-wide, Safety is Clean Harbors No. 1 Priority
Vision
To be recognized as the premier provider of environmental, energy and industrial services The Company operates two reporting segments – Environmental Services and Safety-Kleen – which are made up of several businesses.
Key Team

Mr. Brian P. Weber (Exec. VP of Corp. Planning & Devel.)

Mr. Robert E. Speights (Pres of Industrial Services)

Mr. Eric J. Dugas (Sr. VP of Fin. & Chief Accounting Officer)

Mr. Michael R. McDonald (Gen. Counsel)

Ms. Sharon M. Gabriel (Exec. VP & Chief Information Officer)

Mr. James R. Buckley (Sr. VP of Investor Relations & Corp. Communications)

Ms. Melkeya McDuffie (Exec. VP & Chief HR Officer)

Recognition and Awards
Clean Harbors has been named a “World’s Most Admired Company” by Fortune magazine and a “Best Managed Company” by The Wall Street Journal. The company has also received recognition from various environmental and industry organizations, such as the EPA, for its exceptional environmental and sustainability efforts.
References
Clean Harbors
Leadership team

Mr. Alan S. McKim (Founder, Chairman, Pres & CEO)

Mr. Michael L. Battles CPA (Exec. VP & CFO)

Mr. Eric W. Gerstenberg (Chief Operating Officer)

Products/ Services
CleanTech, Energy, Industrial
Number of Employees
1,000 - 20,000
Headquarters
Norwell, Massachusetts, United States
Established
1980
Company Registration
SEC CIK number: 0000822818
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
CLH
Social Media