M&A Deal Summary

Stericycle Acquires PSC Environmental Services

On April 22, 2014, Stericycle acquired environmental company PSC Environmental Services from Lindsay Goldberg for 275M USD

Acquisition Highlights
  • This is Stericycle’s 3rd transaction in the Environmental sector.
  • This is Stericycle’s 2nd largest (disclosed) transaction.
  • This is Stericycle’s 6th transaction in the United States.
  • This is Stericycle’s 2nd transaction in Texas.

M&A Deal Summary
Date 2014-04-22
Target PSC Environmental Services
Sector Environmental
Buyer(s) Stericycle
Sellers(s) Lindsay Goldberg
Deal Type Add-on Acquisition
Deal Value 275M USD

Target

PSC Environmental Services

Houston, Texas, United States
PSC Environmental Services LLC a provider of industrial cleaning, hazardous waste management and reverse logistics services in the United States. Over its 40 year history, PSC, LLC has built a reputation for integrity, safety and environmental compliance, technological innovation and high quality customer service.  With a nationwide network of locations supported by more than 3,500 employees, PSC, LLC services the retail, refining, petrochemical, utility, pulp and paper, academic, and pharmaceutical industries.

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Buyer(S) 1

Buyer

Stericycle

Bannockburn, Illinois, United States
Category Company
Founded 1989
Sector Environmental
Employees14,400
Revenue 2.7B USD (2023)
DESCRIPTION

Stericycle is a medical waste management company focused on medical waste collection, transportation, treatment, and disposal of sanitized sterilized medical waste to unrelated fourth-party owned landfills. Stericycle was founded in 1989 and is based in Bannockburn, Illinois.

DEAL STATS #
Overall 7 of 9
Sector (Environmental) 3 of 4
Type (Add-on Acquisition) 7 of 9
State (Texas) 2 of 2
Country (United States) 6 of 7
Year (2014) 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Prompt Alert

Toronto, Ontario, Canada

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-07 Chemical Analytics

Romulus, Michigan, United States

Chemical Analytics, Inc. is a provider of waste treatment, storage, transportation, and disposal services for colleges, laboratories, hospitals, and research & development facilities.

Buy -

Seller(S) 1

SELLER

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 18 of 40
Sector (Environmental) 2 of 2
Type (Add-on Acquisition) 5 of 12
State (Texas) 5 of 8
Country (United States) 14 of 31
Year (2014) 1 of 3
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-23 Scandza AS

Oslo, Norway

Scandza AS is a food and beverage business services provider. Scandza portfolio of Scandinavian iconic brands have enabled to take leading positions within cheese, yogurt and potato chips in Norway, as well as hot-dogs and baked goods in Scandinavia. Scandza AS was founded in 2008 and is based in Oslo, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-18 First American Payment Systems

Fort Worth, Texas, United States

First American Payment Systems is a service provider of credit card processing for merchants. It provides debit/EBT card processing, Secur-Chex check services, FirstPay.Net e-Commerce payment gateway, national ATM deployment, and Merimac Capital point-of-sale equipment and ATM leasing. First American Payment Systems was formed in 1990 and is based in Fort Worth, Texas.

Sell -
Mergr

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