EnergySolutions Announces Acquisition of MHF Services

EnergySolutions announced today it has reached an agreement to acquire MHF Services, an integrated packaging, transportation and logistics provider of radioactive, hazardous and non-hazardous materials. Transportation services include rail, truck, marine and a national network of transload facilities.

"We are pleased that MHF is joining the EnergySolutions team. MHF is a seasoned organization with strong capabilities that complement the services we provide our customers," said David Lockwood, President and CEO of EnergySolutions. "Acquiring MHF strengthens our ability to provide our customers a complete range of logistics and disposal services more cost effectively," added Lockwood.

Headquartered in Pittsburgh, PA, MHF was founded in 1994 and has the largest independent fleet of specialized rail equipment, four strategically located transload facilities and a manufacturing facility for fabricating both hard and soft sided waste containers. For more than twenty years MHF has maintained an impeccable safety record, strong regulatory compliance and reliable operations with no major incidents.

"I want to personally thank every MHF employee for their commitment to safety and incredible work which has made MHF what it is today," said MHF CEO Bob Shawver. "The combination of MHF and EnergySolutions will provide a strong platform for the continued growth of our business."

In addition to a proven history of compliance and reliability MHF has moved more than 20 million tons of hazardous, radioactive and non-hazardous material and is the winner of the CSX Chemical Safety Excellence Award every year since 2009. The company remains compliant with all industry standards including ASME/NQA-11 and MSHA.

MHF will continue to operate as a subsidiary of EnergySolutions after the completion of this acquisition which is expected to be finalized in the next two weeks.