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

Depot Connect International Streamlines Operations with Sale of Services

Introduction
In a decisive move aimed at enhancing its core operations, Depot Connect International (DCI) has announced the successful completion of a definitive agreement to sell its industrial and railway services to Clean Harbors for approximately $130 million. This transaction underscores DCI's commitment to focusing on its main business functions while leveraging partnerships that will bolster growth and efficiency.

Details of the Transaction

The sale, which is expected to finalize in the first half of 2026, includes five strategically located facilities across Ohio, Louisiana, and Texas. This divestiture is part of DCI's long-term strategy to streamline its portfolio, and it reflects a step forward in the company’s commitment to innovation and growth in key sectors.

Chris Synek, CEO of DCI, expressed enthusiasm about the agreement, stating, “We are thrilled to have reached this agreement with Clean Harbors. This sale allows us to move forward with a more streamlined portfolio. By divesting these non-core assets, we can reinvest in our core operations, expand our depot network, and enhance the specialized services that our customers value most.”

Ongoing Partnership

Despite the sale, DCI and Clean Harbors will continue to maintain a close relationship. DCI will still provide vital cleaning and maintenance services for tank trailers at major facilities in Baton Rouge, Louisiana, and Pasadena, Texas. The companies will also foster an active partnership within the DCI network for essential transport services and wastewater treatment, ensuring that the transition is seamless for customers.

Focus on Core Competencies

By divesting from non-core operations, DCI is positioned to concentrate on its main competencies, ensuring that it remains at the forefront of innovation and operational excellence within North America and Europe. The business is better equipped to adapt to the evolving needs in the transportation and logistics sectors, reinforcing its competitiveness.

About Depot Connect International

Depot Connect International is a leading provider of mission-critical services to the transportation industry, specializing in the cleaning and maintenance of tank trailers and container solutions. With a comprehensive network of strategically located facilities, DCI provides the essential infrastructure necessary to keep the global supply chain operating safely and efficiently.

About Clean Harbors

Clean Harbors, a leading provider of environmental and industrial services in North America, serves a diverse clientele, including a majority of Fortune 500 companies. With an annual revenue of approximately $6 billion, the company offers a comprehensive array of services, including end-to-end hazardous waste management, emergency spill response, and industrial cleaning.

Conclusion

The transaction between Depot Connect International and Clean Harbors marks a significant milestone in DCI's journey to streamline its operations and focus on delivering superior services to its clients. With a clear vision for the future, DCI is set to enhance its offerings and remain a key player in the transportation and logistics fields.

For media inquiries, please reach out to Terry O'Brien, Chief Development Officer.