September 14, 2016
Cascadia Capital, an investment bank serving middle market clients globally, is pleased to announce that it has acted as the exclusive financial advisor to Emerald Services, Inc. on its acquisition by Clean Harbors, Inc. (NYSE: CLH).
Emerald Services is a full-service provider of oil and wastewater recycling services to the automotive, commercial and industrial services sectors. This third-generation family-owned business is based in Seattle and employs over 350 people throughout the Pacific Northwest. Clean Harbors is a leading national supplier of environmental, energy and industrial services. The addition of Emerald Services complements Clean Harbors’ current logistics and national branch network of more than 160 locations, and positions the company for further growth with improved access to the Pacific Northwest market.
“As the leading environmental and industrial services company in North America, Clean Harbors will be an excellent long-term steward for Emerald Services going forward,” said Christian Schiller, Managing Director at Cascadia Capital. “We are pleased to have helped Emerald Services and the Banchero family find the optimal strategic partner to continue to foster the growth of this leading Pacific Northwest family-owned company.”
“We are very pleased with the win/win outcome of this transaction for the Emerald family of employees, our family, and Clean Harbors. This was the culmination of many years of effort in building our business. The Cascadia team was a trusted advisor with us for over 10 years leading up to this deal, advising our family as a long-term partner in this and various other strategic endeavors,” said Steve Banchero of Emerald Services.
For more information about this transaction, please feel free to contact the deal team: