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

Depot Connect International Restructures Business

In a strategic move, Depot Connect International (DCI) has announced a significant agreement to sell its industrial and railway services to Clean Harbors, a prominent environmental services provider. The transaction is valued at approximately $130 million and involves five key locations in Ohio, Louisiana, and Texas. The deal is expected to close in the first half of 2026, pending the fulfillment of customary closing conditions.

Streamlining Operations

DCI's decision to divest its non-core services marks a pivotal moment in the company's long-term strategy to concentrate on its primary business functions. "We are thrilled to have reached this agreement with Clean Harbors," said Chris Synek, CEO of DCI. This sale will allow DCI to streamline its portfolio, enabling reinvestment in its core operations and expansion of its network of top-tier depots.

By shedding these essential assets, DCI plans to boost specialized services that its clients rely on. This relationship will continue post-sale, as DCI will maintain collaborative ties with Clean Harbors, sharing facilities in Baton Rouge, Louisiana and Pasadena, Texas, where DCI will remain the exclusive provider of cleaning and maintenance services for tank trucks. Additionally, both companies will work together across DCI's network for essential wastewater transportation and treatment services.

Commitment to Customer Service

Both DCI and Clean Harbors are committed to ensuring a smooth transition for customers as they navigate this transaction. This cooperation aims to uphold the high-quality service that clients expect during the changeover.

DCI's ongoing focus on operational excellence and innovation across its North American and European presence is encapsulated in their future plans, which include enhancing the agility of the business. This restructuring aims to better prepare the company to meet the evolving demands of the transportation and logistics sector.

About Depot Connect International

Depot Connect International is a leading provider of critical services for the transportation sector, specializing in the cleaning and maintenance of tank trucks and container solutions. With a robust network of strategically located facilities, DCI provides essential infrastructure necessary for the global supply chain to operate safely and efficiently.

About Clean Harbors

Clean Harbors is recognized as North America's leading provider of environmental and industrial services. Serving a diverse customer base that includes many Fortune 500 companies, Clean Harbors reported annual revenues of approximately $6 billion. The company offers an extensive range of services, including comprehensive hazardous waste management, emergency spill response, and industrial cleaning.

Conclusion

With this strategic divestment, Depot Connect International reaffirms its commitment to enhancing its core operations and positioning itself as a more agile player in the transportation industry. The shared vision with Clean Harbors ensures continued collaboration aimed at delivering essential services to their clients while navigating the complexities of modern logistics.

For media inquiries, please contact:
Terry O'Brien, Development Director
[email protected]