US Ecology, Inc. Completes Acquisition of EQ - The Environmental Quality Company; Enters Into New $540 Million Credit Agreement

US Ecology, Inc. Completes Acquisition of EQ - The Environmental Quality 
Company; Enters Into New $540 Million Credit Agreement 
Board and Executive Management Appointments Also Announced 
BOISE, ID -- (Marketwired) -- 06/18/14 --  US Ecology, Inc. (NASDAQ:
ECOL) ("the Company") today announced the completion of its
previously announced acquisition of EQ - The Environmental Quality
Company ("EQ"), for $465 million. The combination of US Ecology and
EQ creates a leading North American environmental and industrial
services provider.  
The acquisition was funded with cash on hand and borrowings under a
new $540 million credit facility made up of $415 million in 7-year
term debt and a $125 million 5-year revolving line of credit.  
"The acquisition of EQ aligns perfectly with our strategy of
leveraging high quality treatment, disposal and recycling assets and
complementary service businesses to drive growth," commented Jeff
Feeler, President and CEO. "EQ broadens our geographic footprint by
adding a fifth hazardous waste landfill and a network of 18 treatment
facilities serving the eastern half of the United States including
many of the country's key industrial centers. It further enhances our
competitive position by adding a well established field and
industrial services business, allowing us to penetrate a much broader
portion of the overall environmental market than in the past. With a
solid stream of recurring revenue and national customer base, the
combined company offers cross-selling opportunities and operational
efficiencies that we believe will deliver compelling value to both
our customers and our stockholders for years to come."  
The Company anticipates updating its earnings guidance in connection
with the release of its second quarter results in August 2014.
Further details regarding these transactions can be found in our
Current Report on Form 8-K filed with the Securities and Exchange
Commission on June 18, 2014. 
Board and Executive Management Appointments
 The Company also
announced today that David M. Lusk, formerly President and CEO of EQ,
was appointed to the Board of Directors of US Ecology. Lusk, age 53,
brings more than 25 years of industry experience. Lusk previously
worked for eight years as EQ's Vice President of Operations at
Michigan Disposal Waste Treatment Plant and Wayne Disposal Hazardous
Waste Landfill before joining Republic Waste Industries as Vice
President of Midwest Operations. He returned as a senior EQ executive
in 1995. Lusk was later promoted to chief executive, successfully
leading the organization through a period of sustained revenue and
earnings expansion leading up to this acquisition. Lusk holds B.S.
degrees in Chemistry and Cellular and Molecular Biology from the
University of Michigan and has a M.B.A. from Eastern Michigan
University. 
In addition, Mario Romero, Vice President of Operations of EQ, was
named US Ecology's Executive Vice President of Field and Industrial
Services. Romero, age 56, joined EQ in 2009 from WOW Energy where he
was President, CEO and co-founder. He brings more than 30 years of
experience in the environmental, energy and industrial services
industries, holding executive positions at Energis LLC, Safety-Kleen
Corp., Philip Services Corp. and The GNI Group, Inc. Romero holds an
M.B.A. from the University of Chicago and a Masters and B.S. in
Chemical Engineering from Illinois Institute of Technology. Romero is
a Professional Engineer in the State of Illinois, a member of the
American Institute of Chemical Engineers and has served as director
on several private company boards. 
"We welcome EQ's exceptional team of environmental professionals and
look forward to building upon the excellent track record of both
companies," Feeler concluded. 
About US Ecology, Inc.
 US Ecology, Inc. is a leading North American
provider of environmental services to commercial and government
entities. The Company addresses the complex waste management needs of
its customers, offering treatment, disposal and recycling of
hazardous and radioactive waste, as well as a wide range of
complementary field and industrial services. US Ecology's focus on
safety, environmental compliance, and customer service, enables us to
effectively meet the needs of our customers and to build long-lasting
relationships. Headquartered in Boise, Idaho, with operations in the
United States, Canada and Mexico, the Company has been protecting the
environment since 1952. For more information visit www.usecology.com. 
This press release contains forward-looking statements (as such term
is defined in the Private Securities Litigation Reform Act of 1995)
that are based on our current expectations, beliefs and assumptions
about the industry and markets in which US Ecology, Inc. and its
subsidiaries operate. Such statements may include, but are not
limited to, statements about the Company's ability to integrate its
acquisition of EQ - The Environmental Quality Company (EQ), expected
synergies from the transaction, projections of the financial results
of the combined company and other statements that are not historical
facts. Such statements involve known and unknown risks, uncertainties
and other factors that could cause the actual results of the Company
to differ materially from the results expressed or implied by such
statements, including general economic and business conditions,
conditions affecting the industries served by US Ecology, EQ and
their respective subsidiaries, conditions affecting our customers and
suppliers, competitor responses to our products and services, the
overall market acceptance of such products and services, the
integration and performance of acquisitions (including the
acquisition of EQ) and other factors disclosed in the Company's
periodic reports filed with the Securities and Exchange Commission.
For information on other factors that could cause actual results to
differ materially from expectations, please refer to US Ecology,
Inc.'s December 31, 2013 Annual Report on Form 10-K and other reports
filed with the Securities and Exchange Commission. Many of the
factors that will determine the Company's future results are beyond
the ability of management to control or predict. Readers should not
place undue reliance on forward-looking statements, which reflect
management's views only as of the date such statements are made. The
Company undertakes no obligation to revise or update any
forward-looking statements, or to make any other forward-looking
statements, whether as a result of new information, future events or
otherwise. Important assumptions and other important factors that
could cause actual results to differ materially from those set forth
in the forward-looking information include a loss of a major customer
or contract, compliance with and changes to applicable laws, rules,
or regulations, access to cost effective transportation services,
access to insurance, surety bonds and other financial assurances,
loss of key personnel, lawsuits, labor disputes, adverse economic
conditions, government funding or competitive pressures, incidents or
adverse weather conditions that could limit or suspend specific
operations, implementation of new technologies, market conditions,
average selling prices for recycled materials, our ability to replace
business from recently completed large projects, our ability to
perform under required contracts, our ability to permit and contract
for timely construction of new or expanded disposal cells, our
willingness or ability to pay dividends and our ability to
effectively close, integrate and realize anticipated synergies from
future acquisitions, which can be impacted by the failure of the
acquired company to achieve anticipated revenues, earnings or cash
flows, assumption of liabilities that exceed our estimates, potential
compliance issues, diversion of management's attention or other
resources from our existing business, risks associated with entering
product / service areas in which we have limited experience,
increases in working capital investment, unexpected capital
expenditures, potential losses of key employees and customers of the
acquired company and future write-offs of intangible and other
assets, including goodwill, if the acquired operations fail to
generate sufficient cash flows. 
Investors should also be aware that while we do, from time to time,
communicate with securities analysts, it is against our policy to
disclose to them any material non-public information or other
confidential commercial information. Accordingly, stockholders should
not assume that we agree with any statement or report issued by any
analyst irrespective of the content of the statement or report.
Furthermore, we have a policy against issuing or confirming financial
forecasts or projections issued by others. Thus, to the extent that
reports issued by securities analysts contain any projections,
forecasts or opinions, such reports are not the responsibility of US
Ecology, Inc. 
Contact: 
Alison Ziegler
Cameron Associates 
(212) 554-5469
alison@cameronassoc.com 
www.usecology.com 
 
 
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