J.F. Lehman & Company Expands Portfolio with Atomic Transport Acquisition

On February 20, 2025, J.F. Lehman & Company (JFLCO), a prominent private equity firm targeting the aerospace, defense, maritime, government, and environmental sectors, announced its recent acquisition of Atomic Transport, LLC. This move marks a significant milestone for JFLCO as it seeks to expand its involvement in the specialized waste management industry.

Atomic Transport, established in 2015, has swiftly emerged as a key player in waste services, operating in 19 states through 30 terminals. The company's primary focus is on bulk-material transport and transfer station management services. With a commitment to innovative waste management solutions and a dedication to employee investment, Atomic has built a reputation for delivering top-notch services.

Strategic Partnership and Leadership
JFLCO's acquisition involves collaboration with the existing management team at Atomic, including founder Shayne McCallie, who will maintain a significant role as CEO. Glenn Shor, a partner at JFLCO, expressed excitement about partnering with Atomic’s culturally and professionally adept team. He stated, “The commitment to excellence in customer service, safety, and innovation at Atomic creates a strong foundation for success in their operational markets.”

Dave Thomas, a Managing Director at JFLCO, highlighted that Atomic aligns perfectly with their investment strategy due to the critical nature of its services and market leadership. “The growth-oriented culture at Atomic fits seamlessly within the JFLCO portfolio,” he added.

Future Growth and Innovation
The acquisition presents numerous opportunities for growth and innovation for Atomic Transport. JFLCO aims to support the company in executing its growth initiatives, ensuring the continuation of its high-quality service and advanced waste management solutions across the nation.

In commenting on the acquisition, McCallie stated, “Our success to date has been made possible by the employees' dedication and hard work. We are eager to work with JFLCO for the next chapter in Atomic's journey toward providing best-in-class services to our customers.”

Financing the Acquisition
The financial aspects of this acquisition were facilitated by Netrex Capital Markets and a lender group headed by Deutsche Bank Private Credit Infrastructure. Legal support for JFLCO was provided by AO Shearman, while Houlihan Lokey assisted Atomic with financial advisory services. Scudder Law Firm safeguarded the interests of Atomic and its majority equity holders.

About J.F. Lehman & Company
Founded in 1992, J.F. Lehman & Company specializes in investments across various sectors, including aerospace, defense, maritime, government, and environmental domains. With offices in New York and Washington, D.C., JFLCO continues to focus on strategic acquisitions and partnerships that bolster its portfolio.

With this acquisition of Atomic Transport, J.F. Lehman & Company is poised to make significant strides in the waste management industry, underscoring its commitment to innovation and customer service excellence. This partnership not only enhances JFLCO's investment portfolio but also promises to create robust waste management solutions across the United States, positioning Atomic as a front-runner in its field.