M&A Deal Summary

Crystal Clean Acquires Patriot Environmental Services

On June 30, 2022, Crystal Clean acquired environmental company Patriot Environmental Services from Angeleno Group

Acquisition Highlights
  • This is Crystal Clean’s 2nd transaction in the Environmental sector.
  • This is Crystal Clean’s 3rd transaction in the United States.
  • This is Crystal Clean’s 1st transaction in California.

M&A Deal Summary

Date 2022-06-30
Target Patriot Environmental Services
Sector Environmental
Buyer(s) Crystal Clean
Sellers(s) Angeleno Group
Deal Type Add-on Acquisition

Target

Patriot Environmental Services

Wilmington, California, United States
Patriot Environmental Services is an environmental service provider serving the Southwestern United States with a proven ability to implement. Patriot provides full-service environmental solutions to a wide variety of end markets, serving customers within manufacturing, agriculture, construction, healthcare, mining, oil & gas, transportation, and utilities markets. Patriot Environmental Services was founded in 2002 and is based in Wilmington, California.

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Buyer(S) 1

Buyer

Crystal Clean

Hoffman Estates, Illinois, United States

Category Company
Founded 2007
Sector Environmental
Employees1,793
Revenue 709M USD (2022)
DESCRIPTION

Crystal Clean is an environmental service company that provides parts cleaning, used oil, re-refining, and hazardous and non-hazardous waste collection services. Crystal Clean was founded in 2007 and is based in Hoffman Estates, Illinois.


DEAL STATS #
Overall 3 of 4
Sector (Environmental) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 3 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-16 FCC Environmental

Houston, Texas, United States

FCC Environmental LLC is an environmental services provider and a significant collector of used oil in the United States.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Envirosafe

Oregon, Ohio, United States

Envirosafe operates a fully permitted hazardous waste treatment, storage, and disposal facility, supplying customers with specialized expertise in the stabilization and landfilling of environmentally sensitive waste and by-products. Envirosafe was formed in 1954 and is based in Oregon, Ohio.

Buy -

Seller(S) 1

SELLER

Angeleno Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Angeleno Group is a private equity firm focused on high growth investments within the energy sector. The Firm pursues a wide range of opportunities and will consider transactions across the US. Angeleno looks for companies that are heavily involved in the development of innovative products and services that are emerging as potential solutions to global energy and environmental challenges. Specific sub-sectors of interest include clean transportation, emissions control and carbon management, energy efficiency, power infrastructure, renewable energy, solar, waste management, and wind. The Firm looks to commit $10 to $30 million per investment and will consider a variety of deal types, including secondaries, first institutional equity, growth equity, and PIPEs. Angeleno Group was founded in 2001 and is based in Los Angeles, California.


DEAL STATS #
Overall 17 of 18
Sector (Environmental) 2 of 2
Type (Add-on Acquisition) 9 of 10
State (California) 8 of 8
Country (United States) 13 of 14
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-20 New Forests

Sydney, Australia

New Forests operates and manages investments in sustainably managed timberland and associated eco products, such as carbon credits, biodiversity credits, and mitigation banks. New Forests was founded in 2005 and is based in Sydney, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-10 Locana

Seattle, Washington, United States

Locana is a technology consultancy and geospatial info provider that helps businesses drive performance through spatial IT solutions, services and software products. Locana is based in Seattle, Washington.

Sell -