|By PR Newswire||
|August 7, 2014 05:58 PM EDT||
GREENWICH, Conn., Aug. 7, 2014 /PRNewswire/ -- Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, today announced that it has signed a definitive agreement with Compass Diversified Holdings (NYSE: CODI) for the sale of Clean Earth, a provider of essential and cost-effective landfill avoidance solutions. The deal is expected to close in the third quarter.
Clean Earth is one of the largest processors of contaminated soil, dredge sediments, hazardous and non-hazardous soils on the East Coast. Headquartered in Hatboro, PA, the Company provides solutions for facilities-based treatment, disposal and beneficial re-use of soil, dredge and other non-hazardous materials and handles over three million tons of material annually from New York down to Florida through a network of 12 full-service soil facilities.
David Simon, Managing Director of Littlejohn & Co., said, "We would like to thank Chris Dods for his leadership as CEO and the way he repositioned the company over the past several years. He and Clean Earth's broad senior management team expanded the Company's permitted capabilities and demonstrated a consistent ability to complete strategic acquisitions all while maintaining the Company's stellar reputation for quality environmental stewardship."
Mr. Dods, Chief Executive Officer, said, "As a result of the unwavering commitment of the Company's leadership team, its employees, and our financial sponsor, we have built Clean Earth into a provider of turnkey solutions for customers across all commercial, industrial, and energy industries and have developed a reputation for completing projects on time and within budget. We continue to have room for growth and we look forward to implementing new initiatives with our partners at Compass that will ensure continued provision of outstanding service for our customers' treatment, recycling, disposal, and transportation needs."
Houlihan Lokey is acting as financial advisor and Morrison Cohen is acting as legal advisor to the Company.
About Littlejohn & Co., LLC
Littlejohn & Co. is a Greenwich, Connecticut-based private equity firm investing in middle-market companies facing the opportunities and challenges that come with significant change. The firm is currently investing from Littlejohn Fund V, L.P., which has $2 billion in capital commitments. For more information, visit www.littlejohnllc.com.
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
SOURCE Littlejohn & Co., LLC
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 3, 2016 02:45 PM EST Reads: 618
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 3, 2016 02:45 PM EST Reads: 455
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Dec. 3, 2016 02:45 PM EST Reads: 663
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, sha...
Dec. 3, 2016 02:45 PM EST Reads: 755
Dec. 3, 2016 02:15 PM EST Reads: 6,943
Dec. 3, 2016 02:00 PM EST Reads: 2,464
Dec. 3, 2016 02:00 PM EST Reads: 439
Dec. 3, 2016 01:30 PM EST Reads: 2,115
Dec. 3, 2016 01:15 PM EST Reads: 591
Dec. 3, 2016 01:00 PM EST Reads: 1,853
Dec. 3, 2016 01:00 PM EST Reads: 285
Dec. 3, 2016 12:45 PM EST Reads: 3,766
Dec. 3, 2016 12:45 PM EST Reads: 1,942
Dec. 3, 2016 12:45 PM EST Reads: 727
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 3, 2016 12:15 PM EST Reads: 1,494