M&A Deal Summary

Clean Harbors Acquires HydroChemPSC

On August 4, 2021, Clean Harbors acquired business services company HydroChemPSC from Littlejohn for 1.3B USD

Acquisition Highlights
  • This is Clean Harbors’ 2nd transaction in the Business Services sector.
  • This is Clean Harbors’ 2nd largest (disclosed) transaction.
  • This is Clean Harbors’ 5th transaction in the United States.
  • This is Clean Harbors’ 2nd transaction in Texas.

M&A Deal Summary
Date 2021-08-04
Target HydroChemPSC
Sector Business Services
Buyer(s) Clean Harbors
Sellers(s) Littlejohn
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Moelis & Co. (Financial)
Troutman Pepper Hamilton Sanders (Legal)

Target

HydroChemPSC

Deer Park, Texas, United States
website
HydroChemPSC is a national provider of industrial cleaning, specialty maintenance services, and technology solutions to the critical energy infrastructure in the United States. The company has built a strong business platform by partnering with clients who value safety, the most modern and productive equipment in the industry, a deep bench of engineering talent, and the highest standards for environmental compliance. It works as partners to transparently identify ways to reduce wastes, costs, and liabilities. HydroChemPSC was formed in 1977 and is based in Deer Park, Texas.

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Buyer(S) 1

Buyer

Clean Harbors

Norwell, Massachusetts, United States

website

Category Company
Founded 1980
Sector Environmental
Employees19,775
Revenue 5.2B USD (2022)
DESCRIPTION

Clean Harbors is a provider of environmental and hazardous waste management services, providing essential services to over 45,000 customers. Clean Harbors was founded in 1980 and is based in Norwell, Massachusetts.

DEAL STATS #
Overall 8 of 10
Sector (Business Services) 2 of 3
Type (Add-on Acquisition) 4 of 5
State (Texas) 2 of 2
Country (United States) 5 of 7
Year (2021) 2 of 2
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Vertex Energy - Used Motor Oil Collection & Re-Refining Assets

Houston, Texas, United States

The Vertex assets being acquired include a 20-million-gallon re-refinery in Columbus, Ohio, and a 69-million-gallon re-refinery in Marrero, Louisiana. The deal involves 17 service branches strategically located throughout the Midwest and Gulf Coast, supported by approximately 200 employees and a fleet of collection vehicles.

Buy $140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-10 Airborne Imaging

Calgary, Alberta, Canada

Airborne Imaging partners with companies and government agencies for high-quality, aerial LiDAR acquisition including ground control and data processing. Airborne serves a diverse set of customers across multiple end markets throughout North America including forestry, utility, government, mining, engineering, transportation, and oil and gas. The company also has a privately owned LiDAR library in North America available for purchase. It is continuously expanding and refreshing the library to assist customers with monitoring change and identifying threats to critical infrastructure. Airborne Imaging was formed in 2004 and is based in Calgary, Alberta.

Sell -

Seller(S) 1

SELLER

Littlejohn

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 7.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Littlejohn is a private equity firm that makes control investments in mid-sized companies undergoing change; either in capital structure, strategy, operations, or growth. Littlejohn looks to commit $50 to $250 million of equity, mezzanine, or credit capital in companies with annual revenues of $100 to $800 million. Sectors of interest include industrial equipment, packaging, chemicals, automotive and transportation parts and equipment, food and food processing, healthcare, plastics, aerospace/defense, distribution, environmental and infrastructure services, and consumer products. The Firm avoids investing in real estate, fashion, retail, and businesses engaged in high technology. Littlejohn prefers opportunities located in the US, but also considers opportunities in Europe and Canada. Littlejohn was formed in 1996 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 41 of 45
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 16 of 19
State (Texas) 4 of 5
Country (United States) 37 of 41
Year (2021) 4 of 5
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Alliance Ground International

Miami, Florida, United States

Alliance Ground International is a North American provider of specialized air cargo and ramp handling services to the aviation industry. The company provides on-airport handling, warehousing, cold storage, pallet buildup/breakdown, mail sorting, and aircraft loading and unloading services to over 80 air carrier customers from its strategic operating footprint of 33 facilities at 21 airports across the United States. AGI is headquartered in Miami, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Pritchard Industries

New York, New York, United States

Pritchard Industries is a provider of essential, recurring facility services to commercial office buildings, education and government facilities, sports and entertainment venues, medical complexes and industrial facilities. Pritchard Industries was founded in 1914 and is based in New York, New York.

Buy -
Mergr

Product

Company

Legal