Clean Harbors Founder McKim to Retire
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2026
0mins
Clean Harbors announced that its Founder and Executive Chairman, Alan McKim, has informed the Board of Directors of his intention to retire from the Board and his role as Chief Technology Officer upon the Board appointing a new Chair. The Board expects to appoint an independent Chair later this summer as part of a planned leadership transition.
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Analyst Views on CLH
Wall Street analysts forecast CLH stock price to fall
8 Analyst Rating
5 Buy
3 Hold
0 Sell
Moderate Buy
Current: 280.710
Low
230.00
Averages
263.14
High
290.00
Current: 280.710
Low
230.00
Averages
263.14
High
290.00
About CLH
Clean Harbors, Inc. is a provider of environmental and industrial services. The Company delivers a range of services, such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Its Environmental Services segment offers an array of services to customers. It collects, transports, treats and disposes of hazardous and non-hazardous waste through its network of waste disposal facilities, including incinerators, landfills, treatment, storage and disposal facilities (TSDFs), wastewater treatment facilities and solvent recycling centers. Its Safety-Kleen Sustainability Solutions (SKSS) segment offerings span the lifecycle of sustainable lubricant products. It collects used oil which serves as feedstock for its oil re-refineries. At these facilities, it manufactures, formulates and packages lubricants which are returned to the marketplace. It also provides parts washers and environmental services to various customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Invest in Three Sales Growth Stocks to Combat Market Volatility
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- Banking Service Expansion: UMB Financial Corp. expects a sales growth rate of 10.8% for 2026, and its strategic alignment across commercial, institutional, and personal banking segments is likely to strengthen its customer base and market share, thereby improving overall profitability.
- Environmental Services Demand: Clean Harbors, Inc. anticipates a 4% sales growth rate in 2026; while modest, its leadership in environmental, energy, and industrial services in North America will continue to provide stable revenue streams for the company.
- Market Adaptability: Amid increasing market volatility and macroeconomic uncertainties, these three companies demonstrate strong adaptability through consistent sales growth, potentially offering investors more reliable long-term returns.
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- Revenue Expectations: Clean Harbors anticipates that Terra Nova will generate between $45 million and $50 million in annual revenue, contributing approximately $15 million in adjusted EBITDA, indicating strong financial potential from this acquisition.
- Synergy Realization: The company expects to achieve around $4 million in synergies after the first full year of operation, which will further enhance profitability and operational efficiency.
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Clean Harbors Acquires Terra Nova Solutions
- Acquisition Announcement: Clean Harbors has announced the acquisition of Terra Nova Solutions, which will enhance its market position in hazardous waste management and is expected to create new growth opportunities for the company.
- Market Expansion: This acquisition allows Clean Harbors to broaden its service offerings, particularly in hazardous waste treatment and environmental services, further solidifying its leadership in the industry.
- Financial Impact: While specific financial terms have not been disclosed, the acquisition is anticipated to positively affect Clean Harbors' revenue and profitability, driving future financial growth for the company.
- Strategic Significance: This acquisition is not only a key move for Clean Harbors to expand its market share but also demonstrates the company's commitment to ongoing investments in the environmental services sector to meet the growing market demand.
See More
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- Financial Expectations: The acquisition is expected to generate annual revenues of $45 million to $50 million and approximately $15 million in Adjusted EBITDA, with anticipated synergies of about $4 million after the first full year of operation, resulting in a post-synergy multiple of 11.8x.
- Strategic Market Fit: As a recognized regional leader in waste treatment and processing, Terra Nova's diverse service offerings align well with Clean Harbors' Technical Services and Field Services, creating additional cross-selling opportunities and strengthening market position.
- Operational Capacity Enhancement: Terra Nova's facilities have an annual capacity to treat 35 million gallons of wastewater and over 85 million gallons of solidification capacity, and its fleet of 150 specialized trucks and tankers will enhance Clean Harbors' operational efficiency and service capabilities.
See More
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- Market Impact: This adjustment reflects the company's growth expectations and market performance.
See More
Clean Harbors (CLH) Q1 2026 Earnings Transcript
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Invest in Three Sales Growth Stocks to Combat Market Volatility
- Sales Growth Potential: MKS Inc. is projected to have a sales growth rate of 20.5% in 2026, indicating strong demand for its critical parameter control and monitoring solutions in advanced manufacturing processes, which could enhance its competitive position in the industry.
- Banking Service Expansion: UMB Financial Corp. expects a sales growth rate of 10.8% for 2026, and its strategic alignment across commercial, institutional, and personal banking segments is likely to strengthen its customer base and market share, thereby improving overall profitability.
- Environmental Services Demand: Clean Harbors, Inc. anticipates a 4% sales growth rate in 2026; while modest, its leadership in environmental, energy, and industrial services in North America will continue to provide stable revenue streams for the company.
- Market Adaptability: Amid increasing market volatility and macroeconomic uncertainties, these three companies demonstrate strong adaptability through consistent sales growth, potentially offering investors more reliable long-term returns.
See More
Clean Harbors Acquires Terra Nova Solutions for $225M
- Acquisition Announcement: Clean Harbors has announced the acquisition of Terra Nova Solutions for $225 million in cash, a strategic move aimed at enhancing its technical and field services business, thereby solidifying its market position in waste management.
- Revenue Expectations: Clean Harbors anticipates that Terra Nova will generate between $45 million and $50 million in annual revenue, contributing approximately $15 million in adjusted EBITDA, indicating strong financial potential from this acquisition.
- Synergy Realization: The company expects to achieve around $4 million in synergies after the first full year of operation, which will further enhance profitability and operational efficiency.
- Processing Capacity: Terra Nova operates five sites in the Carolinas with the capacity to treat 35 million gallons of wastewater and over 85 million gallons of solidification annually, supporting high-margin, recurring revenue streams.
See More
Clean Harbors Acquires Terra Nova Solutions
- Acquisition Announcement: Clean Harbors has announced the acquisition of Terra Nova Solutions, which will enhance its market position in hazardous waste management and is expected to create new growth opportunities for the company.
- Market Expansion: This acquisition allows Clean Harbors to broaden its service offerings, particularly in hazardous waste treatment and environmental services, further solidifying its leadership in the industry.
- Financial Impact: While specific financial terms have not been disclosed, the acquisition is anticipated to positively affect Clean Harbors' revenue and profitability, driving future financial growth for the company.
- Strategic Significance: This acquisition is not only a key move for Clean Harbors to expand its market share but also demonstrates the company's commitment to ongoing investments in the environmental services sector to meet the growing market demand.
See More
Clean Harbors Acquires Terra Nova for $225 Million
- Acquisition Overview: Clean Harbors has announced the acquisition of Terra Nova Solutions for $225 million in cash, which will be funded through available cash, aiming to enhance the company's technical and field services businesses.
- Financial Expectations: The acquisition is expected to generate annual revenues of $45 million to $50 million and approximately $15 million in Adjusted EBITDA, with anticipated synergies of about $4 million after the first full year of operation, resulting in a post-synergy multiple of 11.8x.
- Strategic Market Fit: As a recognized regional leader in waste treatment and processing, Terra Nova's diverse service offerings align well with Clean Harbors' Technical Services and Field Services, creating additional cross-selling opportunities and strengthening market position.
- Operational Capacity Enhancement: Terra Nova's facilities have an annual capacity to treat 35 million gallons of wastewater and over 85 million gallons of solidification capacity, and its fleet of 150 specialized trucks and tankers will enhance Clean Harbors' operational efficiency and service capabilities.
See More
CLEAN HARBORS INC: NEEDHAM INCREASES TARGET PRICE TO $325, UP FROM $308
- Price Increase Announcement: Clean Harbors has raised its target price to $325 from $308.
- Market Impact: This adjustment reflects the company's growth expectations and market performance.
See More
Clean Harbors (CLH) Q1 2026 Earnings Transcript
See More
