M&A Deal Summary

Clean Harbors Acquires HydroChemPSC

On August 4, 2021, Clean Harbors, Inc. acquired business services company HydroChemPSC from Littlejohn & Co. 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, Inc.
Sellers(s) Littlejohn & Co.
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) Moelis & Co. (Financial)
Troutman Pepper Hamilton Sanders LLP (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, Inc.

Norwell, Massachusetts, United States

website


Category Company
Founded 1980
SectorEnvironmental
Employees13,500
Revenue 3.1B USD (2020)
DESCRIPTION

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


DEAL STATS #
Overall 8 of 8
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Texas) 2 of 2
Country (United States) 5 of 5
Year (2021) 2 of 2
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Vertex Energy, Inc. - 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

Seller(S) 1

SELLER

Littlejohn & Co.

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 10.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Littlejohn & Co. 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 $150 million of equity 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 & Co. was formed in 1996 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 38 of 39
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 16 of 17
State (Texas) 3 of 3
Country (United States) 34 of 35
Year (2021) 2 of 3
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Interior Logic Group, Inc.

Irvine, California, United States

Interior Logic Group, Inc. is a provider of outsourced design center and installation services to homebuilders for new housing construction, including flooring, cabinets, countertops, other home finishes, as well as repair and remodel services to multi-family property owners. Interior Logic Group is based in Marietta, Georgia.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-14 Pritchard Industries, Inc.

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.

Buy -