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Depot Connect International Streamlines Portfolio with Sale of Industrial and Rail Services to Clean Harbors
Prnewswire· 2026-02-19 15:18
Core Viewpoint - Depot Connect International (DCI) has entered into a definitive agreement to sell its Industrial Services and Rail Services business to Clean Harbors for approximately $130 million, marking a strategic move to streamline its portfolio and focus on core operations [1]. Group 1: Transaction Details - The sale includes five strategic locations across Ohio, Louisiana, and Texas and is expected to close in the first half of 2026, pending customary closing conditions [1]. - The divestiture is part of DCI's long-term strategy to enhance its core business functions and reinvest in its depot network and specialized services [1]. Group 2: Future Collaboration - Post-sale, DCI will maintain a collaborative relationship with Clean Harbors, continuing to provide tank trailer cleaning and maintenance services at major facilities in Baton Rouge, Louisiana, and Pasadena, Texas [1]. - Both companies will sustain an active partnership for essential transportation services and wastewater treatment, ensuring a smooth transition for customers [1]. Group 3: Company Profiles - Depot Connect International is a leading provider of mission-critical services to the transportation industry, specializing in tank trailer cleaning, maintenance, and container solutions [1]. - Clean Harbors is North America's leading provider of environmental and industrial services, with annual revenues of approximately $6 billion and a diverse customer base, including many Fortune 500 companies [1].
Aristotle Small Cap Equity Fund Sold Westinghouse Air Brake Technologies Corporation (WAB) as It Grew Beyond Small-Cap Space
Yahoo Finance· 2026-02-16 13:01
Company Overview - Westinghouse Air Brake Technologies Corporation (NYSE:WAB) is a leading rail technology and equipment company that provides locomotives, equipment, systems, and services [2][3] - The company has a market capitalization of approximately $43.775 billion [2] Financial Performance - Westinghouse Air Brake Technologies Corporation reported $2.97 billion in sales for the fourth quarter of 2025, reflecting a year-over-year increase of 14.8% [4] - The stock closed at $256.06 per share on February 13, 2026, with a one-month return of 11.52% and a twelve-month increase of 36.06% [2] Investment Insights - The Aristotle Small Cap Equity Fund noted that Westinghouse Air Brake Technologies Corporation transitioned from a small-cap to a large-cap company, leading to a redeployment of capital into new positions with potential upside [3] - At the end of the third quarter, 62 hedge fund portfolios held shares of Westinghouse Air Brake Technologies Corporation, a decrease from 68 in the previous quarter [4]