Boise hazardous waste firm U.S. Ecology makes big acquisition
Here's a news item from the Associated Press: BOISE, Idaho (AP) — U.S. Ecology is buying environmental services and waste management company The Environmental Quality Co. in a stock deal valued at $465 million that will help expand its environmental services offerings and broaden its geographic reach. Boise-based U.S. Ecology, through its subsidiaries, provides radioactive, hazardous, PCB and non-hazardous industrial waste management and recycling services to commercial and government entities, such as refineries and chemical production facilities, manufacturers, electric utilities, steel mills, medical and academic institutions and waste brokers. Privately held Environmental Quality, based in Wayne, Mich., has facilities in the Eastern U.S., including one hazardous waste permitted landfill located outside of Detroit, 13 waste treatment and recycling facilities and 21 dedicated service centers. The company is owned by an affiliate of New York private equity fund Kinderhook Industries LLC. The acquisition is expected to close in the second or third quarter.