Beyond profits: How corporate mandates are steering M&A
By: JEREMY OSTERBERGER President BIC Alliance Peel back the M&A deals in the O&G and petrochemical industries over the past two years and you’ll see two general paths: betting on business as usual or preparing for the future regulatory environment. On the business-as-usual front, for example, data from Wood Mackenzie reveals that 2023 M&A activity in the […]
M&A activity in 2023 furthers consolidation of U.S. crude oil and natural gas firms
In 2023, crude oil and natural gas exploration and production companies increased spending on mergers and acquisitions to $234 billion, the most in real 2023 dollars since 2012. Recent dealmaking marks a return to the previous trend of consolidation among oil companies in the United States after transactions declined amid significant oil market volatility in 2020 and 2022. Spending on […]
Clean Harbors completes acquisition of HEPACO
Clean Harbors, Inc. announced the completion of its acquisition of HEPACO, a leading environmental provider of field and emergency response services in the Eastern United States. Clean Harbors purchased HEPACO from Gryphon Investors for $400 million in cash. The acquisition was financed through proceeds from a recently completed $500 million expansion of the company’s Term Loan […]
