#USA #Hoffman Estates #J.F. Lehman #Environmental Services #Crystal Clean

Crystal Clean Expands Its Reach with New Acquisitions

Crystal Clean, Inc. has made headlines with its recent acquisitions of Premium Environmental Services, Inc. (PES) and the combined operations of Worldwide Recovery Systems, Inc. (WRS) and YES Management, Inc. (operating as Yuma Environmental Services). This strategic move marks a significant advancement in the company's mission to enhance its environmental and waste management solutions across commercial and industrial sectors.

Overview of the Acquisitions

The acquisition of PES, headquartered in Newburgh, Indiana, stands out as it specializes in spill response and waste disposal services. This capability is vital for businesses needing to swiftly and efficiently address environmental incidents while ensuring compliance with various regulations at federal, state, and local levels. PES's extensive contractor network enables it to provide 24/7 emergency response across the nation, an invaluable resource for its clients facing urgent environmental challenges.

Additionally, Crystal Clean has acquired WRS, located in Pomona, California, which offers waste collection, transportation, and disposal services primarily within California and Arizona. WRS also includes the operations of YES, which runs a non-hazardous waste transfer station in Yuma, Arizona. Through these acquisitions, Crystal Clean aims to bolster its capacity in managing waste while expanding its geographical footprint significantly.

Strategic Importance

Brian Recatto, President and CEO of Crystal Clean, expressed his enthusiasm about these acquisitions, stating, "The acquisitions of PES and WRS each have tremendous potential to advance our strategic priorities with increased access to the eastern and western U.S. markets." He emphasizes the synergies created within their growing branch network and industrial service capabilities, which in turn enhance the company's proposition to large national accounts.

The company also aims for vertical integration, viewing targeted investments as a key component of its long-term strategy. The mergers are expected to enhance operational efficiencies and market competitiveness, enabling Crystal Clean to provide even better service and support to its client base.

Glenn Shor, Chairman of Crystal Clean, also shared insights, highlighting the acquired businesses as excellent fits within their M&A strategy. He noted, "We anticipate continuing to be acquisitive as we execute our value creation plan," reflecting the company's ambition for future growth through strategic acquisitions.

Legal Counsel and Future Prospects

Legal counsel for the acquisitions was provided by AO Shearman, showcasing the meticulous planning that went into these deals. As the environmental services market continues to be robust, Crystal Clean's recent activities reaffirm its position as a market leader. The company is poised for further growth, not only through acquisitions but also via expanded service offerings that meet the evolving needs of industries seeking sustainable and compliant waste management solutions.

About Crystal Clean

Crystal Clean operates at the intersection of environmental and industrial services. Catering to manufacturers, governmental entities, and vehicle maintenance businesses, their service spectrum includes parts cleaning, waste management, used oil collection, and emergency spill response, among others. This comprehensive portfolio ensures clients can manage their waste responsibly while minimizing regulatory burdens.

For more in-depth information about Crystal Clean and its extensive service offerings, visit Crystal Clean's official website.

About J.F. Lehman Company

Founded in 1992, J.F. Lehman Company is a respected investment firm focusing on the aerospace, defense, maritime, government, and environmental sectors. Their strategic investments underscore a commitment to enhancing the operational capabilities of companies like Crystal Clean, driving forward innovation and sustainability in essential industries.

Through these acquisitions, Crystal Clean is not only expanding its operational capacity but also reaffirming its commitment to providing top-tier environmental services while navigating the complexities of regulatory compliance. With strong market positioning and a clear vision for the future, the company is set to thrive in the dynamic landscape of environmental management.