Company: CLH
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000822818-25-000030
Chunk: 28

Company: CLEAN HARBORS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 is not deductible for tax purposes.

10

Table of Contents

The operations of HEPACO are included in the Company’s financial statements as of the date of acquisition. Pro forma revenue and earnings amounts on a combined basis as if this acquisition had been completed on January 1, 2024 are immaterial to the consolidated financial statements of the Company.On March 1, 2024, the Company acquired Noble Oil Services, Inc and its subsidiaries (collectively, “Noble”) for an all-cash purchase price of $68.7 million, net of cash acquired. The acquisition of Noble expanded the SKSS segment’s oil collection operations in the southeastern region of the United States while also adding incremental production from the re-refinery owned and operated by the acquired company. The Company finalized the purchase accounting for this acquisition in the first quarter of 2025. The allocation of the purchase price was based on estimates of the fair value of assets acquired and liabilities assumed as of March 1, 2024. The following table summarizes the preliminary and final determinations and recognition of assets acquired and liabilities assumed (in thousands):At Acquisition Date As Reported December 31, 2024Measurement Period AdjustmentsFinal Allocation At Acquisition DateAccounts receivable, including unbilled receivables$5,855 $(8)$5,847 Inventories and supplies6,598 — 6,598 Prepaid expenses and other current assets408 — 408 Property, plant and equipment55,615 35 55,650 Permits and other intangibles14,500 — 14,500 Operating lease right-of-use assets3,615 — 3,615 Other long-term assets92 — 92 Accounts payable(7,752)— (7,752)Accrued expenses and other current liabilities(1,145)17 (1,128)Current portion of operating lease liabilities(1,823)— (1,823)Operating lease liabilities, less current portion(1,792)— (1,792)Closure and post-closure liabilities(8,929)(35)(8,964)Remedial liabilities(2,757)90 (2,667)Total identifiable net assets62,485 99 62,584 Goodwill6,257 (99)6,158 Total purchase price$68,742 $— $68,742 Other intangible assets acquired include customer relationships and trademarks/traden