Clean Harbors : Consolidated Financial Statements - Form 8-K

October 08, 2021 11:26 AM Eastern Daylight Time
GREENWICH, Conn.--( BUSINESS WIRE )--Littlejohn & Co. LLC, a private investment firm based in Greenwich, CT, today announced the successful completion of its sale of HydroChemPSC (“HPC” or the “Company”), a leading provider of industrial cleaning, specialty maintenance and utilities services with more than 240 service locations throughout the United States, to Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH) for $1.25 billion in cash. Since Littlejohn’s initial investment in PSC in 2014, HPC has achieved significant operational improvements, expanded its specialty mechanical service offerings, invested in new technologies, designed a customer focused data analytics platform and merged with HydroChem in 2017 in addition to completing four acquisitions. Michael Kaplan, a Managing Director at Littlejohn, said, “We are pleased to have supported HydroChemPSC’s evolution into an industry leader and reached a successful outcome for our investors. Littlejohn’s investment in HydroChemPSC demonstrates our expertise in unlocking value for our portfolio companies and building strong businesses by closely partnering with management teams and identifying numerous opportunities for growth.” Brian Michaud, a Littlejohn Managing Director, added, “We thank HPC’s exceptional management team for their dedication and we are confident the Company’s best days are ahead as part of Clean Harbors.”
Moelis & Company and Harris Williams served as financial advisors to HydroChemPSC and Troutman Pepper Hamilton Sanders served as its legal counsel. About Littlejohn & Co., LLC
Littlejohn & Co. is a Greenwich, Connecticut-based investment firm focused on private equity and debt investments primarily in middle market companies. With approximately $13.5 billion in regulatory assets under management, the firm seeks to build sustainable success for its portfolio companies through a disciplined approach to engineering change. For more information about Littlejohn, visit www.littlejohnllc.com . Contacts

Littlejohn &amp; Co. Completes Sale of HydroChemPSC to Clean Harbors

Littlejohn & Co. Completes Sale of HydroChemPSC to Clean Harbors

HYFLUX'S judicial managers said on Thursday that the winding up application of the beleaguered water treatment company and its unit Hydrochem will be heard on July 12.

Hyflux's winding up application to be heard on July 12

Spartan Bioscience provides on-demand DNA testing, bringing complete sample-to-result DNA testing systems to medicine. Spartan's technology fully integrates DNA collection, extraction, and analysis with an easy-to-use interface.

Spartan Bioscience

HydroChem partners with Spartan Bioscience to bring the world 's first on-site , molecular Legionella test to Australia .

Wells Fargo Success Story

Professional Services

Platform Overview

HydroChem

Compete with HydroChem?

Compete with HydroChem?

Discover the right solution for your team