U.S. Ecology Inc. and NRC Group agree to Merge

US Ecology, Inc. (Nasdaq-GS: ECOL) recently announced that it has entered into a definitive merger agreement with NRC Group Holdings Corp. (NYSE American: NRCG), a company that provides comprehensive environmental, compliance and waste management services to the marine and rail transportation, general industrial and energy industries, in an all-stock transaction with an enterprise value of $966 million.

The transaction is expected to close in the fourth quarter of 2019. The transaction will create a company specializing in industrial and hazardous waste management services.

U.S. Ecology Inc. owns the Stablex hazardous treatment facility and landfill in Blainville, Quebec.

Stablex diposal cells

“The addition of NRCG’s substantial service network strengthens and expands US Ecology’s suite of environmental services,” said Jeffrey R. Feeler, President, Chief Executive Officer and Chairman of US Ecology. “This transaction will establish US Ecology as a leader in standby and emergency response services and adds a new waste vertical in oil and gas exploration and production landfill disposal to further drive waste volumes throughout the Gulf region.”

Headquartered in Great River, New York, NRC operates from over 65 offices and facilities throughout the Pacific (including Alaska and Hawaii), Southwest, Southeast, Atlantic, and Northeast regions.

As a nationally-recognized Oil Spill Removal Organization, NRCG generates a recurring, compliance-driven revenue stream, with upside from spill events and international expansion, particularly in Mexico and Canada.

NRCG is one of two leading national Oil Spill Removal Organizations (“OSRO”) that provide mandated standby emergency response for the transportation of oil products.  With more than 50 service centers, NRCG has a national service network providing emergency and spill response, light industrial services, hazardous and industrial waste management and transportation services.  From a growing base of disposal assets in the two key oil basins in the Gulf region, the Permian and the Eagle Ford, NRCG provides landfill disposal of waste from oil and gas drilling, treatment and handling of residual waste streams and rental and transportation services to support its disposal operations.

The combined company will use the US Ecology name, and its shares will continue to be listed on the Nasdaq Global Select Market under the ticker ECOL.  Jeffrey R. Feeler will continue to serve as President, Chief Executive Officer and Chairman of the Board of Directors.