Crystal Clean Expands Reach with Acquisitions of PES and WRS
Deal News | Feb 13, 2025 | PR Newswire Cision J.F. Lehman & Company
Hoffman Estates-based Crystal Clean, Inc., a leading provider of environmental and waste management solutions, has completed the acquisitions of Premium Environmental Services (PES) and Worldwide Recovery Systems (WRS), along with its division YES Management (d/b/a Yuma Environmental Services). Crystal Clean is a portfolio company of J.F. Lehman & Company (JFLCO). PES, based in Newburgh, Indiana, specializes in spill response and waste disposal, delivering nationwide emergency services. WRS operates out of Pomona, California, offering waste management services primarily in California and Arizona. The CEO of Crystal Clean, Brian Recatto, emphasized the strategic potential of these acquisitions in expanding Crystal Clean's market access and enhancing its service offerings. Glenn Shor and Dave Thomas from JFLCO highlighted these acquisitions align with their M&A strategy and bolster Crystal Clean's leadership in the robust environmental services market. A&O Shearman provided legal counsel for the deals.
Sectors
- Environmental Services
- Private Equity
- Waste Management
Geography
- United States – All companies mentioned, including Crystal Clean, PES, and WRS, operate and are headquartered in the United States.
- Indiana – Premium Environmental Services is headquartered in Newburgh, Indiana, highlighting its geographical significance.
- California – Worldwide Recovery Systems operates prominently in California, emphasizing its geographical importance.
- Arizona – Part of Worldwide Recovery Systems’ operations and the YES division are based in Arizona.
Industry
- Environmental Services – The article discusses acquisitions to strengthen environmental and waste management solutions, indicating its relevance to the Environmental Services industry.
- Private Equity – J.F. Lehman & Co., a private equity firm, plays a central role by owning Crystal Clean, making this relevant to the Private Equity sector.
- Waste Management – Crystal Clean and the acquired companies are involved in waste management, including waste disposal and recycling services.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Crystal Clean, Inc. | Acquirer | Company | A leading environmental and waste management solutions provider, and the acquiring company in the discussed transactions. |
| Premium Environmental Services, Inc. (PES) | Target | Company | Provides spill response and waste disposal solutions with nationwide coverage. |
| Worldwide Recovery Systems, Inc. (WRS) | Target | Company | Offers waste collection, transportation, and disposal services, mainly in California and Arizona. |
| YES Management, Inc. | Division of Target | Company | Operates a non-hazardous waste transfer station in Yuma, Arizona, and is part of WRS. |
| J.F. Lehman & Company | Investor | Company | A private equity firm that owns Crystal Clean and supports its strategic acquisitions. |
| Brian Recatto | Executive | Person | President & CEO of Crystal Clean, providing statements on the strategic impact of the acquisitions. |
| Glenn Shor | Executive | Person | Chairman of Crystal Clean and Partner at J.F. Lehman & Company, commenting on acquisition strategy. |
| Dave Thomas | Executive | Person | Director of Crystal Clean and Managing Director at J.F. Lehman & Company, discussing market leadership in environmental services. |
| A&O Shearman | Legal Advisor | Company | Provided legal counsel for Crystal Clean and J.F. Lehman & Company on the acquisitions. |