#USA #New York #Private Equity #J.F. Lehman & Company #Atomic Transport

J.F. Lehman & Company Completes Acquisition of Atomic Transport

In an exciting development for the aerospace, defense, maritime, and environmental sectors, J.F. Lehman & Company (JFLCO) has announced its acquisition of Atomic Transport, LLC. This move marks a strategic partnership aimed at enhancing JFLCO's offerings in the specialized waste management domain.

About Atomic Transport

Founded in 2015, Atomic Transport has garnered a reputation as a leading specialized waste services provider. The company operates in 19 states across 30 terminals, offering tailored waste management solutions that cater to the specific needs of its clients. This comprehensive coverage allows Atomic to manage bulk-material transport and transfer station services efficiently.

Atomic's growth strategy is heavily anchored on consistently investing in its workforce and expanding its fleet of equipment. This commitment has resulted in the delivery of top-tier waste management services, a hallmark of the company's operations. A significant part of Atomic's philosophy is its focus on customer satisfaction, safety, and innovative practices in the waste management sphere.

The Acquisition Insights

The acquisition strategy was articulated by Glenn Shor, a partner at JFLCO, who expressed enthusiasm about collaborating with the talented teams at Atomic. He emphasized the importance of customer service excellence, safety measures, and an innovative mindset as foundational aspects for success in the specialized waste services market. JFLCO is keen on supporting Atomic's growth initiatives, reinforcing its commitment to scaling operations and enhancing service delivery.

Dave Thomas, another Managing Director at JFLCO, echoed these sentiments, highlighting that Atomic's services align perfectly with their established investment criteria. He noted the critical nature of Atomic's services and praised its market-leading capabilities as essential elements for future success. This strategic fit, according to JFLCO, will contribute meaningfully to its overall portfolio.

In the deal, JFLCO is partnering with Atomic's former majority shareholders, including the company's founders and management. These individuals will continue to play pivotal roles in Atomic’s trajectory while retaining equity stakes in the business.

Co-founder and CEO Shayne McCallie shared his positive outlook on the partnership. He believes that JFLCO's extensive industry experience and focus makes them an ideal ally for the next phase of Atomic’s growth. McCallie credits the current success of Atomic to the dedication of its team and looks forward to working closely with JFLCO to build further on their sound foundation of delivering exceptional services nationwide.

Financial and Legal Guidance

The financial structuring of the deal was aided by Netrex Capital Markets, which organized financing provided by a lender group led by Deutsche Bank Private Credit Infrastructure. For legal representation, JFLCO enlisted the support of AO Shearman while Houlihan Lokey served as the financial advisor to Atomic. The Scudder Law Firm provided legal counsel to Atomic and its majority equity holders.

Conclusion

J.F. Lehman & Company's acquisition of Atomic Transport signifies a pivotal movement towards enhancing their operational scope within specialized waste management. This strategic partnership not only strengthens JFLCO's investment portfolio but also reinforces Atomic's commitment to delivering premier waste solutions across the country. As both entities combine their expertise, the future of waste management solutions is anticipated to see elevated standards and increased efficiency, benefitting numerous clients and partners across various industries.