J.F. Lehman completed the acquisition of Crystal Clean from Heritage for $1.2bn.

J.F. Lehman, a private equity investment firm focused on the aerospace, defense, maritime and environmental sectors, completed the acquisition of Crystal Clean, a provider of parts cleaning, hazardous and non-hazardous waste services, from Heritage, a business managing a diverse portfolio of operating companies, for $1.2bn. "We are excited to begin our partnership with Crystal Clean's leadership team and build on the Company's strong foundation as a clear category leader and unparalleled provider of environmental and waste disposal services. We have long admired Crystal Clean's reputation of providing high-quality services to its diversified, blue-chip customer base, as well as the financial and operational excellence the team has established. We look forward to working together to best position Crystal Clean for sustainable, long-term success as a private company," Glenn Shor, J.F. Lehman Partner.