Clean Harbors completed the acquisition of Lonestar West, a move that immediately vaults the company into the upper echelon of hydro excavation service providers in the U.S. and Canada.
An Alberta-based company, Lonestar specializes in hydro excavation and daylighting — a safer water and vacuum alternative to traditional, hard-edged digging that can damage underground pipes and wires. The addition of Lonestar’s 90 hydro vacuums effectively doubles the Clean Harbors fleet. Another 50 units — vacuum trucks and end dumps — were also acquired.
The acquisition was finalized for $43 million Canadian ($34.5 million American).
“With the purchase of Lonestar, we saw an opportunity to accelerate our position in the hydro-vac market and substantially increase our scale,” said Clean Harbors CEO Alan McKim. “Given the versatility of hydro vacs, we can leverage these highly desirable assets across a number of our lines of business.”
For more information, visit www.Cleanharbors.com or call (781) 792-5100.