#USA #Tampa #Industrial Services #Depot Connect #Clean Harbors

Depot Connect International Streamlines Business with Major Sale

Depot Connect International (DCI), a prominent player in the transportation service sector, has announced a groundbreaking decision to divest its Industrial Services and Rail Services business to Clean Harbors, a leading environmental and industrial services firm. This strategic move involves a definitive agreement worth approximately $130 million and is set to enhance DCI's focus on its core operations.

The transaction encompasses five key facilities strategically located across Ohio, Louisiana, and Texas. It is expected to finalize in the first half of 2026, pending standard closing conditions. DCI's CEO, Chris Synek, expressed enthusiasm regarding the agreement, emphasizing its role in streamlining the company's portfolio and enabling a shift towards its primary business objectives.

"We are pleased to reach this agreement with Clean Harbors," Synek stated. "This sale allows us to move forward with a more streamlined portfolio. By divesting these non-core assets, we are positioned to reinvest in our core functions, expanding our premier depot network and enhancing the specialized services that our customers rely on most."

The partnership between DCI and Clean Harbors is expected to persist in a collaborative manner even after the completion of the sale. DCI intends to maintain an operational presence alongside Clean Harbors at critical sites, particularly in Baton Rouge, Louisiana, and Pasadena, Texas. In these locations, DCI will continue to act as the dedicated provider of tank trailer cleaning and maintenance services.

Moreover, both companies will sustain an active partnership, focusing on essential transportation services and wastewater treatment. As both organizations work towards closing the transaction, they are committed to ensuring a seamless transition for their customers, preserving the quality of service they provide.

Through this strategic divestiture, DCI aims to realign its resources and management efforts towards innovation while enhancing operational efficiency within its North American and European markets. By honing in on core competencies, DCI seeks to become increasingly responsive to the dynamic needs of the transportation and logistics landscape.

Depot Connect International, recognized for providing vital services to the transportation industry, specializes in tank trailer cleaning and maintenance solutions. With a robust network of strategically situated facilities, DCI serves as an essential infrastructure partner for ensuring the safe and efficient operation of the global supply chain.

On the other hand, Clean Harbors operates as a significant player in North America, delivering environmental and industrial services across a wide array of clients, including numerous Fortune 500 companies. Known for its commitment to hazardous waste management, emergency spill responses, and comprehensive industrial cleaning services, Clean Harbors boasts an expansive network of service locations and impressive annual revenues nearing $6 billion.

This sale marks a pivotal moment for both DCI and Clean Harbors and symbolizes DCI's intent to strengthen its operational focus while fostering impactful collaborations that benefit its clientele. Though this transaction represents a shift in DCI's portfolio, it ultimately illustrates a concerted effort to adapt and thrive in an ever-evolving industry.

Through careful planning and execution, DCI aims to not only preserve its legacy but also map a path toward future growth and innovation, positioning itself as a formidable player in the landscape of transportation and logistics services.