Heritage Environmental Services (HES) is a prominent provider of sustainability and industrial waste management services in the United States. Founded in 1970 and headquartered in Indianapolis, Indiana, HES operates 37 highly regulated facilities across key industrial hubs nationwide. With a workforce of approximately 1,600 employees, the company manages around 660,000 tons of industrial waste annually for over 1,800 customers.
Company Overview
HES offers a comprehensive suite of services, including waste disposal, on-site support, technical solutions, emergency response, and sustainability services. These services address complex waste challenges across more than a thousand waste types, ensuring reliable and compliant final disposal.
Recent Developments
- Acquisition by EQT Infrastructure: In December 2023, EQT Infrastructure VI fund agreed to acquire a majority position in HES from The Heritage Group. This partnership aims to accelerate HES's growth through investments in sustainability, digitalization, and operational excellence. The transaction is expected to close in the first quarter of 2024.
- Acquisition of EBV: HES reached an agreement to acquire EBV from General Dynamics. EBV specializes in disposing of energetic waste and provides demilitarization services. This acquisition is expected to strengthen HES's position in energetics management and expand its capabilities into the demilitarization market. The deal is anticipated to close in the third quarter of 2024.
- Investment in Hazardous Waste Shredder: In January 2025, HES installed a new shredder at its East Liverpool, Ohio, hazardous waste incineration facility. This addition enhances the facility's capabilities by ensuring a more consistent feed into the kiln and reducing manual waste processing, thereby minimizing employee exposure to hazardous materials.
Market Position and Industry Trends
The industrial waste management sector is experiencing significant growth, driven by factors such as increased U.S. industrial output, manufacturing onshoring, and policy incentives like the CHIPS and Science Act. HES's extensive operational history and national footprint position it well to capitalize on these trends.
Competitive Landscape
HES operates in a competitive market alongside companies like Vertex Resource Group, Perma-Fix Environmental Services, and Clean Earth. Its comprehensive service offerings, strategic facility locations, and recent investments in technology and acquisitions provide a competitive edge.
