Clean Harbors Acquires Thompson Industrial Services from Reynolda Equity Partners

Clean Harbors Acquires HydroChemPSC from Littlejohn & Co. for $1.25 Billion

October 8, 2021

Industrial Services

Clean Harbors, Inc. completed the acquisition of HydroChemPSC (HPC), a U.S. provider of industrial cleaning, specialty maintenance and utilities services, from an affiliate of Littlejohn & Co. for $1.25 billion in cash. The transaction — financed with existing cash and proceeds from a new $1.0 billion incremental term loan — expands Clean Harbors' industrial services capabilities and creates cross-selling and margin-improvement opportunities across refining, chemical and utilities end markets.

Clean Harbors Acquires HEPACO from Gryphon Investors for $400M

February 6, 2024

Industrial Services

Clean Harbors, Inc. completed the acquisition of HEPACO from Gryphon Investors for $400 million in cash, financed in part by a $500 million expansion of its term loan facility. HEPACO, headquartered in Charlotte, North Carolina, generated approximately $270 million of revenue and $36 million of adjusted EBITDA in 2023 (about 1,000 employees across ~40 locations); Clean Harbors expects roughly $20 million of cost synergies and about $30 million of incremental adjusted EBITDA in 2024.

Reynolda Equity Partners Acquires Carlton Industrial Solutions

September 3, 2024

Industrial Services

Reynolda Equity Partners has acquired Carlton Industrial Solutions, a Greensboro, North Carolina-based provider of calibration, repair, automation, crane & hoist services, and safety training. Reynolda is partnering with CEO Chris Trevey and management to support Carlton's continued growth and regional expansion across regulated end markets such as food & beverage, pharmaceutical, and transportation & logistics.

Quanta Services Acquires Evergreen North America Industrial Services from The Sterling Group

February 23, 2024

Industrial Services

Quanta Services has completed the acquisition of Evergreen North America Industrial Services from private equity firm The Sterling Group. Evergreen is a provider of specialized and recurring environmental and industrial services to downstream/midstream energy, industrial and chemical customers; the deal expands Quanta’s environmental and specialty infrastructure capabilities and geographic footprint across North America.

Shenandoah Industrial Services Acquires Bay Area Environmental Services

December 3, 2020

Environmental Services

Shenandoah Industrial Services, a KLH Capital-backed provider of storm drainage and pipeline rehabilitation services, has acquired Bay Area Environmental Services, a Gibsonton, Florida-based water and sewer pipeline cleaning, testing, and restoration specialist. The add-on expands Shenandoah’s footprint into Tampa Bay and West Central Florida, adds experienced staff and new municipal, industrial and government customers, and broadens its service capabilities in pipeline inspection and rehabilitation.

Momentum Environmental Acquires T&R Environmental

May 21, 2024

Environmental Services

Momentum Environmental, a PE-backed environmental services platform, acquired T&R Environmental, a Bath, New York-based provider of environmental and industrial cleaning services. The deal (completed alongside Momentum's investor Nonantum Capital Partners) will expand Momentum's service capabilities and footprint across the Northeast and Mid-Atlantic, with T&R Founder Brian Polmanteer joining Momentum as Senior Vice President.