J.F. Lehman & Company Acquires Lone Star Disposal

Waste Connections Acquires Lone Star Disposal from J.F. Lehman & Company

August 15, 2022

Environmental Services

Waste Connections, Inc. has acquired Lone Star Disposal from investment affiliates of J.F. Lehman & Company. Lone Star is a vertically integrated provider of C&D and municipal solid waste disposal and related environmental services in the Houston, Texas market; terms were not disclosed.

J.F. Lehman & Company Acquires Atomic Transport

February 20, 2025

Environmental Services

J.F. Lehman & Company (through an investment affiliate) has acquired Atomic Transport, a Chattanooga-based specialized waste transport and transfer station management company. Comvest Partners (Comvest Credit Opportunities) sold its stake in Atomic; Atomic founders and management rolled equity and will continue to lead the business as JFLCO supports growth initiatives across the company's 30 terminals in 19 states.

Deep Blue Midland Basin LLC Acquires Environmental Disposal Systems, LLC from Diamondback Energy

September 2, 2025

Energy

Deep Blue Midland Basin LLC, the Midland Basin water-infrastructure platform backed by Five Point and Diamondback, agreed to acquire Environmental Disposal Systems, LLC from Diamondback Energy. The transaction (valued at $750 million) nearly doubles Deep Blue's scale, secures a 15-year dedication from Diamondback, and is expected to unlock operational and commercial synergies across the integrated produced-water system.

LRS Acquires Lee's Trash Service

August 24, 2022

Environmental Services

LRS (Lakeshore Recycling Systems) has acquired Lee's Trash Service, a long‑time independent hauler serving the Arkansas River Valley, to densify its LRS South footprint. The deal brings more than 25,000 subscription and municipal residential customers, commercial disposal and roll‑off capabilities, and a transfer station to support regional expansion; founder Tony Lee will remain with LRS in a senior operations role.

American AllWaste Acquires L&G Environmental

March 8, 2021

Environmental Services

Houston-based American AllWaste LLC has acquired Brenham, Texas-based L&G Environmental LLC, a non-hazardous liquid waste processing facility. The deal is an add-on to AllWaste's platform and will expand the company's processing capacity and service footprint in central Texas.

Motion & Control Enterprises Acquires Lone Star Machine Works

June 1, 2022

Industrial Services

Motion & Control Enterprises (MCE), a Frontenac-backed industrial services platform, has acquired Lone Star Machine Works (LSMW), a Mabank, Texas-based provider of hydraulic repair, precision machining, welding, and fabrication services. The add-on acquisition expands MCE's hydraulic repair capabilities and geographic footprint across the Southwest.