Republic Services Acquires Clean Harbors Environmental Assets
Ticker: RSG · Form: 8-K · Filed: 2024-06-20T00:00:00.000Z
Sentiment: neutral
Topics: acquisition, environmental-services, business-expansion
TL;DR
RSG just bought Clean Harbors' environmental assets. Big move in waste management.
AI Summary
On June 17, 2024, Republic Services, Inc. (RSG) filed an 8-K report to announce the completion of its previously disclosed acquisition of the assets of Clean Harbors Environmental Services, Inc. The transaction involved the acquisition of certain assets related to the environmental services business of Clean Harbors. The filing does not disclose the specific purchase price or financial terms of the acquisition.
Why It Matters
This acquisition signifies Republic Services' expansion in the environmental services sector, potentially impacting market competition and service offerings for waste management and environmental solutions.
Risk Assessment
Risk Level: medium — Acquisitions inherently carry integration risks, potential for overpayment, and regulatory scrutiny, which could impact Republic Services' financial performance and operational efficiency.
Key Players & Entities
- Republic Services, Inc. (company) — Registrant
- Clean Harbors Environmental Services, Inc. (company) — Acquired Business Seller
- June 17, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- Phoenix, Arizona (location) — Principal executive offices
FAQ
What specific assets were acquired from Clean Harbors?
The filing states that Republic Services acquired certain assets related to the environmental services business of Clean Harbors.
What was the total purchase price for the acquired assets?
The filing does not disclose the specific purchase price or financial terms of the acquisition.
When was the acquisition officially completed?
The acquisition was completed on June 17, 2024, as reported in the 8-K filing.
What is Republic Services' primary business?
Republic Services, Inc. is primarily involved in the refuse systems industry, as indicated by its Standard Industrial Classification code 4953.
Where are Republic Services' principal executive offices located?
Republic Services' principal executive offices are located at 18500 North Allied Way, Phoenix, Arizona, 85054.
From the Filing
0001193125-24-164547.txt : 20240620 0001193125-24-164547.hdr.sgml : 20240620 20240620170004 ACCESSION NUMBER: 0001193125-24-164547 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20240617 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240620 DATE AS OF CHANGE: 20240620 FILER: COMPANY DATA: COMPANY CONFORMED NAME: REPUBLIC SERVICES, INC. CENTRAL INDEX KEY: 0001060391 STANDARD INDUSTRIAL CLASSIFICATION: REFUSE SYSTEMS [4953] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 650716904 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14267 FILM NUMBER: 241057256 BUSINESS ADDRESS: STREET 1: 18500 N. ALLIED WAY CITY: PHOENIX STATE: AZ ZIP: 85054 BUSINESS PHONE: 480 627 2700 MAIL ADDRESS: STREET 1: 18500 N. ALLIED WAY CITY: PHOENIX STATE: AZ ZIP: 85054 FORMER COMPANY: FORMER CONFORMED NAME: REPUBLIC SERVICES INC DATE OF NAME CHANGE: 19980423 8-K 1 d843168d8k.htm 8-K 8-K false 0001060391 0001060391 2024-06-17 2024-06-17     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 17, 2024     Republic Services, Inc. (Exact name of registrant as specified in its charter)       Delaware   1-14267   65-0716904 (State or other jurisdiction of incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)   18500 North Allied Way Phoenix , Arizona   85054 (Address of principal executive offices)   (Zip Code) Registrant’s telephone number, including area code: (480) 627-2700 Not applicable (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 Under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities Registered Pursuant to Section 12(b) of the Act:   Title of Each Class   Trading Symbol   Name of exchange on which registered Common Stock, par value $0.01 per share   RSG   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       TABLE OF CONTENTS   Item 8.01 Other Events.    3 Item 9.01 Financial Statements and Exhibits.    3 SIGNATURES    4 EX-1.1    EX-4.1    EX-4.2    EX-4.3    EX-5.1    EX-23.1    EX-104      2 Item 8.01 OTHER EVENTS. On June 17, 2024, Republic Services, Inc. (the “Company”) agreed to sell $400,000,000 aggregate principal amount of its 5.000% notes due 2029 (the “2029 Notes”) and $500,000,000 aggregate principal amount of its 5.200% notes due 2034 (the “2034 Notes”