Depot Connect International Streamlines Portfolio with $130M Sale to Clean Harbors

Depot Connect International (DCI), a leading provider of maritime and logistics services, has announced 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. According to the press release, the transaction will allow DCI to streamline its portfolio and focus on its core maritime and logistics operations. 'This sale represents an important step in optimizing our business and positioning DCI for continued growth and success,' said DCI's CEO, John Smith. Clean Harbors, a major provider of environmental, energy and industrial services, will acquire DCI's industrial cleaning, waste management, and rail services divisions as part of the deal. 'This acquisition aligns with our strategy of expanding our industrial services capabilities to better serve our customers,' said Clean Harbors' President, Jane Doe. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals. DCI said it will use the proceeds from the sale to invest in its core maritime logistics operations and explore new growth opportunities. This move by DCI is part of a broader trend in the maritime industry, where companies are streamlining their portfolios and divesting non-core assets to focus on their key competencies. As the industry navigates challenges such as decarbonization and supply chain disruptions, strategic portfolio management has become increasingly important for maintaining competitiveness and profitability.