Crystal Clean Adds Hazardous Waste Treatment Facility to Network with Acquisition of Envirosafe Services of Ohio, Inc.

Hoffman Estates, IL – Heritage-Crystal Clean, Inc. (“Crystal Clean”), a leading provider of parts cleaning, hazardous and non-hazardous waste services, used oil re-refining, antifreeze recycling, industrial and field services, and emergency and spill response services, has acquired Envirosafe Services of Ohio, Inc. (“Envirosafe”), based in Oregon, OH.

The acquisition of Envirosafe expands Crystal Clean’s network to include a fully permitted hazardous waste treatment, storage, and disposal facility. The facility holds both federal and state RCRA permits, allowing it to accept nearly 600 different U.S. EPA waste codes.

“The addition of Envirosafe immediately enhances our infrastructure with a fully permitted TSDF that improves our hazardous waste infrastructure and processing capabilities,” Brian Recatto, President & CEO of Crystal Clean, commented. “Adding these abilities will allow us to bring more value-added services to our growing customer base as we take another step towards realizing our of vision of helping the business world run cleaner. We are excited to welcome Envirosafe’s team members into Crystal Clean.”

With the acquisition, Crystal Clean now operates more than 120 service branches, industrial services facilities, and waste recovery centers serving the continental U.S. It’s waste recovery centers include a state-of-the-art oil re-refinery, multiple wastewater treatment and non-hazardous waste processing facilities, several antifreeze recovery centers, and the newest addition of a hazardous waste treatment, storage, and disposal facility.

About Heritage-Crystal Clean, Inc.

Heritage-Crystal Clean, Inc., provides environmental and industrial services to vehicle maintenance businesses, manufacturers and other industrial businesses, as well as utilities and governmental entities. Their service programs include parts cleaning, regulated containerized and bulk waste management, used oil collection and re-refining, wastewater vacuum, emergency and spill response, industrial and field services, and waste antifreeze collection, recycling and product sales. These services help customers manage their used chemicals and liquid and solid wastes, while also helping to minimize their regulatory burdens. For more information about Heritage-Crystal Clean, visit www.crystal-clean.com.  

About Envirosafe Services of Ohio, Inc. (ESOI)

ESOI is a fully permitted hazardous waste TSDF with both state and federal Part B permits in Oregon, Ohio. ESOI supplies customers with specialized expertise in the treatment and disposal of environmentally sensitive wastes and by-products. ESOI’s long- term liability protection, proven waste management expertise, and commitment to premium services combine to offer premiere waste treatment and disposal services.

J.F. Lehman & Company Completes Acquisition of Heritage-Crystal Clean, Inc.

HOFFMAN ESTATES, Ill. — Heritage-Crystal Clean, Inc. (“Crystal Clean” or the “Company”), a leading provider of parts cleaning, used oil re-refining, hazardous and non-hazardous waste disposal, emergency and spill response, and industrial and field services to vehicle maintenance businesses, manufacturers and other industrial businesses, as well as utilities and governmental entities, today announced that an investment affiliate of J.F. Lehman & Company (“JFLCO”), a leading private equity investment firm focused on the aerospace, defense, maritime and environmental sectors, completed its acquisition of Crystal Clean for $45.50 per share in an all-cash transaction that valued Crystal Clean at approximately $1.2 billion. 

With the completion of the transaction, Crystal Clean’s common stock has ceased trading and is no longer listed on the NASDAQ Global Select Market.

Advisors

William Blair & Company served as financial advisor to Crystal Clean, Stifel delivered a fairness opinion to Crystal Clean with respect to the transaction, and McDermott Will & Emery LLP served as legal counsel to Crystal Clean.

Houlihan Lokey, Inc. served as lead financial advisor to JFLCO, and Jefferies LLC also served as financial advisor to JFLCO; Shearman & Sterling LLP and Jones Day served as legal counsel to JFLCO.

About Heritage-Crystal Clean, Inc.

Heritage-Crystal Clean, Inc. provides parts cleaning, used oil re-refining, hazardous and non-hazardous waste disposal, emergency and spill response, and industrial and field services to vehicle maintenance businesses, manufacturers and other industrial businesses, as well as utilities and governmental entities. Our service programs include parts cleaning, regulated containerized and bulk waste management, used oil collection and re-refining, wastewater vacuum, emergency and spill response, industrial and field services, waste antifreeze collection, recycling and product sales. These services help our customers manage their used chemicals and liquid and solid wastes, while also helping to minimize their regulatory burdens. Through our used oil re-refining program, during fiscal 2022, we recycled approximately 66 million gallons of used oil into high quality lubricating base oil, and we are a supplier to firms that produce and market finished lubricants. Through our antifreeze program during fiscal 2022 we recycled approximately 4.5 million gallons of spent antifreeze which was used to produce a full line of virgin-quality antifreeze products. Through our parts cleaning program during fiscal 2022 we recycled 2.3 million gallons of used solvent into virgin-quality solvent to be used again by our customers. In addition, we sold 0.6 million gallons of used solvent into the reuse market. Through our containerized waste program during fiscal 2022 we collected approximately 22 thousand tons of regulated waste which was sent for energy recovery. Through our wastewater vacuum services program during fiscal 2022 we treated approximately 84 million gallons of wastewater. Crystal Clean is headquartered in Hoffman Estates, Illinois, and operates through 105 branch and industrial services locations serving approximately 104,000 customer locations.

About J.F. Lehman & Company

J.F. Lehman & Company is a leading private equity investment firm focused on the aerospace, defense, maritime and environmental sectors. This investment strategy reflects the firm’s deep experience in and commitment to these sectors since the firm’s founding three decades ago. Headquartered in New York, NY, the firm currently has approximately $4.5 billion of assets under management. To learn more, please visit www.jflpartners.com.

Heritage-Crystal Clean Contacts

Investor Contact:
Mark DeVita
Executive Vice President and Chief Financial Officer
mark.devita@crystal-clean.com
847-836-5670

Media Contact:
Mike Ademe
Communications & Marketing Manager
mike.ademe@crystal-clean.com
224-281-1530

or

Joele Frank, Wilkinson Brimmer Katcher
Eric Brielmann / Kaitlin Kikalo
212-355-4449

JFLCO Contact

Karina Perelmuter
IR@Jflpartners.com

environmental sustainability

Heritage-Crystal Clean, Inc. to Hold 2023 First Quarter Conference Call

Hoffman Estates, IL., April 25, 2023 — Heritage-Crystal Clean, Inc. (Nasdaq: HCCI) plans to release its financial results for the first quarter of 2023, which ended March 31, 2023, after the market close on Tuesday, May 9, 2023.

The company will host a conference call on Wednesday, May 10, 2023 at 9:00 AM Central Time, during which management will give a presentation focusing on the Company’s operations and financial results.

Interested parties can listen to the audio webcast available through our company website, https://www.crystal-clean.com/investor-relations/, and can participate on the call by dialing (888) 440-4149. After dialing the number, you will be required to provide the following passcode before being joined to the conference call: 8889427.

To register for the webcast of the conference call, visit https://events.q4inc.com/attendee/667310180

Heritage-Crystal Clean, Inc. Welcomes Mary Pat Thompson to its Board of Directors

ELGIN, IL, July 28, 2022 — Heritage-Crystal Clean, Inc. (NASDAQ: HCCI), a leading provider of parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services, announced today the addition of Mary Pat Thompson to its Board of Directors.

“We are excited to welcome Mary Pat to Heritage-Crystal Clean’s Board of Directors, “said Heritage-Crystal Clean President & CEO Brian Recatto. “Ms. Thompson comes to Heritage-Crystal Clean with over 30 years experience in accounting and advisory leadership roles. She currently serves as a director on both public and private company boards and will be an asset to the company as we push forward with our growth and ESG strategy. Mary Pat will also join our audit committee. Having a group of diverse voices at the leadership table is increasingly important as we work to reach our full potential as a leading environmental services company.”

Ms. Thompson is currently serving as a board and audit committee member for H&E Equipment based out of Baton Rouge. Ms. Thompson has previously served as Chief Financial Officer and Treasurer of Taronis Fuels, Inc. (“Taronis”), a renewable fuel and power generation company, and has served as a consultant at Bruckmann, Rosser, Sherrill & Co., a private equity firm, since 2019.

“I feel fortunate to join the board of Heritage-Crystal Clean at such an exciting time for the company,” Mary Pat shared. “Heritage-Crystal Clean is growing its top and bottom line and is well positioned to not only provide a valuable product and service but in the process help its customer generate meaningful progress with their ESG initiatives.”

Ms. Thompson graduated Summa Cum Laude from the University of Idaho with a B.S. in accounting and is a licensed Certified Public Accountant in Idaho. Ms. Thompson previously served as Senior Vice President of Finance and Administration and Chief Financial Officer of MWI Animal Health from August 2005 through her retirement in October 2018, with oversight of finance, inventory management, information technology, and human resources. Ms. Thompson also served as Vice President, Secretary and Chief Financial Officer of MWI Animal Health from June 2002 to August 2005. Since 2015, she has served on Zion’s Bank Business Advisory Board and the San Francisco Reserve’s 12th District Economic Advisory Council, where she was Chairperson for 2019.

Heritage-Crystal Clean, Inc. Announces Record Second Quarter 2022 Financial Results

ELGIN, IL, July 27, 2022 — Heritage-Crystal Clean, Inc. (Nasdaq: HCCI), a leading provider of parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services primarily focused on small and mid-sized customers, today announced results for the second quarter which ended June 18, 2022.

To view the financial results for the second quarter, please visit our financial releases page.

The company will host a conference call on Thursday, July 28, 2022 at 9:30 AM Central Time, during which management will give a presentation focusing on the Company’s operations and financial results.

Interested parties can listen to the audio webcast available through our company website, https://crystal-clean.com/investor-relations/, and can participate on the call by dialing (888) 440-4149. After dialing the number, you will be required to provide the following passcode before being joined to the conference call: 8889427.

To register for the webcast online, please visit https://events.q4inc.com/attendee/852696003.

Employee Spotlight: Mike Mitchell

Things are always moving in the Motor City, and that includes Crystal Clean’s Detroit branch. If you arrive at the branch bright and early in the morning, chances are you’ll bump into Branch Manager Mike Mitchell, who has probably been there since before the sun has risen.

Mike entered the world of environmental services after a career in the tank cleaning and automotive industry. After spending time in various labor and managerial roles, he made the jump to the environmental services business. While there was a big learning curve at first, Mike took the time to build his knowledge and was able to quickly become well acquainted with the industry.

“There’s a lot of knowledge that you need to build up in the environmental services industry,” Mike said. “You need to know how to perform your services safely, understand different waste streams, be up to date on regulations and reporting requirements, and of course manage the customer relationship. There’s a lot of knowledge to take in at the beginning, and the best thing you can do is ask questions.”

And that’s exactly what Mike did when he started his career at Crystal Clean in 2010 as an SSR at the Detroit branch. As he worked his way up to BSM and then BM, he wasn’t shy about asking questions. In fact, asking questions led to building relationships, a support network, and mentorships with people around the company that have helped him grow his career.

Since stepping into his leadership role as a BM seven years ago, Mike has been dedicated to building a positive support culture at his branch to help all his employees grow their own careers.

One of the biggest things Mike does is make sure he shares his knowledge with his staff. One of his goals is to always be an open book, ready to answer any questions. He also intentionally starts a mentorship with all new hires to help them get acclimated to the industry, and he makes sure to continue the mentorship with ride-alongs as time goes on to help all his employees keep growing. Mike also likes to start his morning early and his goal is to get to the branch before any other employees arrive and get things prepared for his staff.

“As people start to arrive in the morning, I have the chance to check-in with my team and see if there are any challenges, they may need help with,” Mike said. “Helping my staff feel supported and listened to has always been a priority for me. What I love most is the relationships I build with my team, watching them grow and get better at what they do.”

That support can go a long way too. Mike is always ready to hop on a truck or answer any questions his staff has. His willingness to help no matter what has left a lasting impression on many of the people who have had the opportunity to work with Mike.

“Mike has been a great leader and is always willing to listen,” shared Detroit Branch Clerical Sylvia Bachran. “Whenever you have a question, he takes the time to walk you through it and is very patient. He is always encouraging us that we can get anything done and does a great job creating a positive culture at our branch.”

Mike has always been passionate about supporting others, and with that he has gained a lot of valuable insights he hopes to continue sharing with employees as they grow their careers.

“I love the idea of supporting others to help them reach new heights and want to continue to do so in the future. Crystal Clean is going to continue to grow in the coming years and take the next steps as we continue to be a leader in the industry. There are constantly new opportunities for employees to grow their career and make a good living while working here,” shared Mike.