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

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Sandy Scott	President, Chief Operating Officer	Current
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