US Ecology (NASDAQ: ECOL) today announced that it has entered into an agreement to acquire EQ - The Environmental Quality Company (EQ), a fully integrated environmental services company. The acquisition is subject to regulatory approval. EQ is owned by an affiliate of New York based private equity fund Kinderhook Industries, LLC (Kinderhook). Kinderhook acquired EQ in November of 2008 to capitalize the business for growth.
“EQ is pleased to announce this acquisition. This is a great opportunity for both our associates and the company to continue driving growth and offer best in class service to our customers,” EQ CEO Dave Lusk said. “The acquisition will position the combined companies to offer customers an enhanced and more comprehensive set of environmental services.”
“Kinderhook is very proud of the accomplishments of EQ’s management team and employees,” said Rob Michalik, Managing Director at Kinderhook Industries. "Five years ago Kinderhook partnered with EQ’s management team to recapitalize and grow the business. Since then, EQ has successfully completed six acquisitions and grown their service offerings. The combination with ECOL will provide a great next stage for EQ's continued growth and success.”
View US Ecology Press Release For More Information