Simpson Thacher is representing Harsco Corporation in connection with its definitive agreement to acquire the parent of Clean Earth, Inc. from Compass Group Diversified Holdings for $625 million. The transaction is expected to close in the next few months, subject to customary closing conditions, including regulatory approval.
Harsco Corporation is a diversified industrial company providing a range of onsite services and engineered products to the global steel, aluminum, energy and railway sectors.
Clean Earth, Inc. is one of the largest specialty waste processing companies in the U.S. providing processing and beneficial reuse solutions for hazardous wastes, contaminated materials and dredged volumes.
The Simpson Thacher team for the transaction includes Mario Ponce, Johanna Mayer, Michael Chao, Sara Park, Christopher Scavone and Joshua Harris (M&A); Andrew Blau, Caitlin Lucey and Aria Mahboubi (Employee Benefits); John Creed and Sophie Staples (Tax); Lori Lesser and Alysha Sekhon (Intellectual Property); Steve DeLott (Insurance); Mike Isby and Timothy Mulvihill (Environmental); Sara Razi, Peter Thomas and Joshua Hazan (Antitrust); and Krista McManus and Timothy Gallagher (Real Estate).