Norwell, Mass.-based Clean Harbors has acquired Sturgeon & Son Transportation Inc. for $12.5 million in cash and 16,000 shares of Clean Harbors’ common stock. Based in Bakersfield, Calif., Sturgeon & Son Transportation specializes in hazardous waste removal.
“This acquisition enhances our growing West Coast presence,” said Alan S. McKim, chairman and CEO of Clean Harbors, in a press release. “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.”