US Ecology Finalizes EQ Acquisition

U.S. Ecology finalized its purchase of The Environmental Quality Company yesterday for $465 million, making the previously announced acquisition official. US Ecology announced back in April that it would purchase EQ in an effort to expand its geographic reach. “The acquisition of EQ aligns perfectly with our strategy of leveraging high quality treatment, disposal and recycling assets and complementary service businesses to drive growth,” US Ecology President and CEO Jeff Feeler said in a statement. “EQ broadens our geographic footprint by adding a fifth hazardous waste landfill and a network of 18 treatment facilities serving the eastern half of the United States including many of the country’s key industrial centers. With a solid stream of recurring revenue and national customer base, the combined company offers cross-selling opportunities and operational efficiencies that we believe will deliver compelling value to both our customers and our stockholders for years to come,” he said.

 

The company also announced the addition of former EQ executives into the US Ecology leadership team. EQ’s former president and CEO David Lusk has been added to US Ecology’s board of directors, while Mario Romero, vice president of operations of EQ, will serve as executive vice president of field and industrial services.