Clean Harbors Buys Haz-Waste Transporter Sturgeon & Son

Date: May 5, 2010

Source: Clean Harbors, Inc.

Clean Harbors said it acquired Sturgeon & Son Transportation Inc. for $12.5 million in cash and 16,000 shares of Clean Harbors' common stock. Bakersfield, CA-based Sturgeon & Son specializes in hazardous waste removal and refinery services for which it generated about $12.4 million in revenue during 2009. "This acquisition enhances our growing West Coast presence," said McKim. "Sturgeon & Son Transportation is a family owned and operated business with an outstanding reputation among its regional customer base. We currently expect the acquisition to be accretive to earnings in 2010."

From Clean Harbors' First Quarter Earnings Announcement:

Acquisition of Sturgeon & Son Transportation, Inc.

Clean Harbors also announced today that it has acquired privately-held Sturgeon & Son Transportation, Inc., a wholly owned subsidiary of Sturgeon Services International, Inc., for $12.5 million in cash and 16,000 shares of Clean Harbors' common stock. Headquartered in Bakersfield, California, Sturgeon & Son Transportation specializes in hazardous waste removal, transportation and refinery services. The company generated positive EBITDA and approximately $12.4 million in revenue during 2009.

"This acquisition enhances our growing West Coast presence," said McKim. "Sturgeon & Son Transportation is a family owned and operated business with an outstanding reputation among its regional customer base. The company has a history of success in a number of attractive vertical markets, including oilfield and refinery services. Sturgeon & Son Transportation operates an extensive fleet of specialized equipment that will be a strong addition to our existing network of assets in the Western U.S. We currently expect the acquisition to be accretive to earnings in 2010."

Sturgeon Services International, Inc. will continue to provide construction, paving and grading, construction material recycling and other special projects to its customer base.

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