J.F. Lehman & Company Acquires Heritage-Crystal Clean

Heritage-Crystal Clean Acquires Patriot Environmental Services

June 30, 2022

Environmental Services

Heritage-Crystal Clean, Inc. (Nasdaq: HCCI) has acquired Patriot Environmental Services, Inc., a Western U.S. environmental services provider, from Solace Capital Partners for $156 million. The deal expands Heritage-Crystal Clean's footprint and capabilities—adding 18 locations, two wastewater treatment facilities and ~380 employees—to strengthen its wastewater vacuum platform and western U.S. service coverage.

Heritage-Crystal Clean Acquires Envirosafe Services of Ohio

January 9, 2024

Environmental Services

Heritage-Crystal Clean, Inc., a portfolio company of investment affiliates of J.F. Lehman & Company, has acquired Envirosafe Services of Ohio, a fully permitted hazardous waste treatment, storage and disposal facility. The deal expands Crystal Clean's hazardous waste infrastructure and processing capabilities, allowing the company to better support its commercial and industrial customer base.

Crystal Clean Acquires Premium Environmental Services, Worldwide Recovery Systems and Yuma Environmental Services

February 13, 2025

Environmental Services

Crystal Clean, a portfolio company of investment affiliates of J.F. Lehman & Company, has completed acquisitions of Premium Environmental Services (PES) and the combined operations of Worldwide Recovery Systems (WRS) and YES Management (d/b/a Yuma Environmental Services). The add-on deals expand Crystal Clean’s eastern and western U.S. footprint, enhance its waste collection, transport and disposal capabilities, and support targeted vertical integration and synergies with its branch and industrial services network.

FLEETWASH Acquires Krystal Klean

March 16, 2021

Environmental Services

FLEETWASH has completed the acquisition of Krystal Klean, a Jacksonville-based building care company serving the Southeastern United States. Krystal Klean's founders Jeremy and Anthony Morgan will remain with FLEETWASH to oversee Southeast operations and join its merger & acquisition team as the business leverages Fleetwash's national platform and resources.

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.