Depot Connect International Streamlines Portfolio with Sale of Industrial and Rail Services to Clean Harbors

Depot Connect International agreed to sell its Industrial Services and Rail Services business to Clean Harbors (NYSE: CLH) for approximately $130 million.

Rhea-AI Summary

Depot Connect International agreed to sell its Industrial Services and Rail Services business to Clean Harbors (NYSE: CLH) for approximately $130 million. The transaction covers five locations in Ohio, Louisiana, and Texas and is expected to close in the first half of 2026, subject to customary closing conditions.

Depot Connect said the divestiture refines its portfolio to focus on core depot network operations; the companies will continue collaborative co-location and service partnerships in Baton Rouge and Pasadena and across DCI's network.

Positive

• $130 million sale proceeds expected from divestiture
• Five strategic locations transferred in OH, LA, TX
• Ongoing co-location in Baton Rouge and Pasadena
• Maintained partnership for transportation and wastewater services

Negative

• Divests its Industrial and Rail Services business, reducing service scope
• Deal closing is subject to customary conditions, creating timing uncertainty

Argus Feb 19 session

+1.84% close to close Open Argus

Details

News Market Reaction – CLH

On Feb 19, the day this news came out, CLH closed 1.84% above the previous close.

Data tracked by StockTitan Argus for the Feb 19 session.

Key Figures

Acquisition price: $130 million Included sites: 5 locations Expected closing window: First half of 2026

Acquisition price

$130 million

Purchase of DCI Industrial and Rail Services business

Included sites

5 locations

Strategic facilities across Ohio, Louisiana, and Texas

Expected closing window

First half of 2026

Anticipated timing for transaction close

Historical Context

5 past events · Latest: Jan 28

5 events

1. Jan 28

   Earnings date notice

   24h Move

   -0.7%

   Announced timing of Q4 and full-year 2025 earnings release and call.

2. Jan 06

   Investor conferences

   24h Move

   +0.3%

   Management participation in two January investor conferences with webcasts.

3. Dec 02

   Project award

   24h Move

   +4.8%

   Won $110M PFAS water filtration contracts at JBPHH in Hawaii.

4. Nov 20

   Conference appearance

   24h Move

   -1.4%

   Planned fireside chat at Goldman Sachs Industrials and Materials Conference.

5. Oct 29

   Earnings results

   24h Move

   -11.5%

   Reported strong Q3 2025 results and raised full-year guidance and investment plans.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

TAMPA, Fla., Feb. 19, 2026 /PRNewswire/ -- Depot Connect International (DCI) announced today that it has entered into a definitive agreement to sell its Industrial Services and Rail Services business to Clean Harbors (NYSE: CLH) for approximately $130 million. The transaction, which includes five strategic locations across Ohio, Louisiana, and Texas, is expected to close in the first half of 2026, subject to the completion of customary closing conditions.

The divestiture marks a significant milestone in DCI's long-term strategy to sharpen its focus on its primary business.

"We are pleased to reach this agreement with Clean Harbors," said Chris Synek, CEO of Depot Connect International. "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 relationship between DCI and Clean Harbors will remain deeply collaborative following the sale. DCI will continue to co-locate with Clean Harbors at major facilities in Baton Rouge, Louisiana, and Pasadena, Texas, where DCI will remain the dedicated provider for tank trailer cleaning and maintenance services. Additionally, the two companies will maintain an active partnership across the DCI network for essential transportation services and wastewater treatment. Both DCI and Clean Harbors are committed to a seamless and smooth transition for our valued customers as we close this transaction.

By focusing on its core strengths, DCI remains committed to driving innovation and operational excellence across its North American and European footprint, ensuring the company is more agile and better equipped to serve the evolving needs of the transportation and logistics industry.

Depot Connect International was advised by Simpson Thacher & Bartlett LLP as legal counsel and Stifel as financial advisor.

About Depot Connect International:
Depot Connect International (DCI) is a leading provider of mission-critical services to the transportation industry, specializing in tank trailer cleaning, maintenance, and container solutions. With a vast network of strategically located facilities, DCI provides the essential infrastructure required to keep the global supply chain moving safely and efficiently.

About Clean Harbors:
Clean Harbors (NYSE: CLH) is North America's leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. With annual revenues of approximately $6 billion and a vast network of service locations across North America, Clean Harbors provides a broad range of services such as end-to-end hazardous waste management, emergency spill response, and industrial cleaning.

Contact for Media Inquiries:
Terry O'Brien, Chief Development Officer
tobrien@depotconnect.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/depot-connect-international-streamlines-portfolio-with-sale-of-industrial-and-rail-services-to-clean-harbors-302692747.html

SOURCE Depot Connect International

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Depot Connect announce about the sale to Clean Harbors (CLH) on February 19, 2026?

Depot Connect agreed to sell its Industrial and Rail Services business for about $130 million. According to Depot Connect, the deal covers five locations and is expected to close in the first half of 2026, subject to customary closing conditions.

How will the approximately $130 million sale to CLH affect Depot Connect shareholders?

The sale provides near-term cash of about $130 million that could fund core operations or reinvestment. According to Depot Connect, proceeds are intended to sharpen focus on its core depot network and specialized services for future growth.

When is the Clean Harbors (CLH) acquisition of DCI's business expected to close?

The transaction is expected to close in the first half of 2026, pending customary closing conditions. According to Depot Connect, timing depends on completing those conditions and executing a seamless customer transition.

Which locations are included in the Industrial and Rail Services sale to CLH (NYSE:CLH)?

The sale includes five strategic locations across Ohio, Louisiana, and Texas. According to Depot Connect, the arrangement also preserves co-location operations in Baton Rouge and Pasadena for continued service continuity.

Will Depot Connect continue to work with Clean Harbors after the sale to CLH?

Yes. Depot Connect will remain collaborative, co-locating at major Clean Harbors facilities and continuing to provide tank trailer cleaning and maintenance. According to Depot Connect, partnerships will persist for transportation and wastewater services across the DCI network.