Republic Services’ $2.2 Billion Acquisition of US Ecology

Davis Polk advised Republic Services, Inc., while Dechert advised US Ecology Inc. on the deal.

Republic Services, Inc. announced its approximately $2.2 billion acquisition of US Ecology, Inc. The transaction was unanimously approved by the boards of directors of both companies and is expected to close by the end of the second quarter of 2022, subject to the satisfaction of customary closing conditions, including receipt of regulatory approvals and approval by holders of a majority of the outstanding shares of US Ecology’s common stock.

Republic Services is a leader in the U.S. environmental services industry that partners with customers to create a more sustainable world.

US Ecology is a leading provider of environmental services to commercial and government entities. US Ecology addresses the complex waste management and response needs of its customers offering treatment, disposal, beneficial re-use, and recycling of hazardous, non-hazardous, radioactive and other specialty waste.

The Davis Polk corporate team included partners Marc O. Williams (Picture) and Brian Wolfe and associates Sharanjit Kaur Sandhu and Samuel Liebmann. The antitrust and competition team included partner Howard Shelanski and counsel Suzanne Munck af Rosenschold. Counsel Michael Comstock provided environmental advice. Partner Kyoko Takahashi Lin provided executive compensation advice. Partner Pritesh P. Shah provided intellectual property advice. Partner William A. Curran provided tax advice. 

The Dechert team advising US Ecology included corporate partners Stephen Leitzell and Michael Darby and associates Ross MacConnell, Ryan Abercrombie, Rodrigo Rivera and Kenneth Winterbottom; tax partner Edward Lemanowicz and associate Insung Kim; environmental partner Abbi Cohen and special counsel John Ix; employee benefits partner Kevin Kay and associate Jake Phillips; antitrust partner James Fishkin and associate Dennis Schmelzer; and litigation partner Rick Horvath.

Involved fees earner: Michael Comstock – Davis Polk & Wardwell; William Curran – Davis Polk & Wardwell; Samuel Liebmann – Davis Polk & Wardwell; Suzanne Munck af Rosenschold – Davis Polk & Wardwell; Sharanjit Kaur Sandhu – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Howard Shelanski – Davis Polk & Wardwell; Kyoko Takahashi Lin – Davis Polk & Wardwell; Marc Williams – Davis Polk & Wardwell; Brian Wolfe – Davis Polk & Wardwell; Ryan Abercrombie – Dechert; Abbi Cohen – Dechert; Michael Darby – Dechert; James Fishkin – Dechert; Richard Horvath – Dechert; John Ix – Dechert; Kevin Kay – Dechert; Insung Kim – Dechert; Stephen Leitzell – Dechert; Edward Lemanowicz – Dechert; Ross MacConnell – Dechert; Jake Phillips – Dechert; Rodrigo Rivera – Dechert; Dennis Schmelzer – Dechert; Kenneth Winterbottom – Dechert;

Law Firms: Davis Polk & Wardwell; Dechert;

Clients: Republic Services; US Ecology Inc.;