Heritage-Crystal Clean, Inc.
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Heritage-Crystal Clean, Inc. - overview
Established
1999
Location
-, IL, US
Primary Industry
Environmental Services
About
Heritage-Crystal Clean, Inc. is a U. S. -based provider of environmental and industrial services, focusing on waste management, parts cleaning, and sustainability solutions that minimize environmental impact for various industries.
Founded in 1999, Heritage-Crystal Clean, Inc. specializes in environmental services. The company operates headquarters in Elgin, Illinois, and has expanded its operations to various regions across the continental United States and Canada. Brian Recatto serves as CEO, leading the company through multiple strategic initiatives.
The firm has successfully completed 4 funding deals, with the latest transaction occurring on July 19, 2023. Heritage-Crystal Clean, Inc. delivers a comprehensive array of environmental services. Their offerings include waste management for hazardous and non-hazardous materials, used oil collection and re-refining, wastewater treatment, and specific cleaning solutions for car wash facilities.
Notably, their flagship product, the 4never™ PFAS remediation solution, effectively addresses PFAS contamination in water. They cater to a diverse client base across automotive, industrial manufacturing, and utility sectors, ensuring compliance with environmental regulations. In the year 2022, Heritage-Crystal Clean, Inc. reported a revenue of USD 709.
33 mn and an EBITDA of USD 154. 13 mn. Their business model focuses on B2B transactions, providing tailored service agreements that encompass a wide range of environmental services, including ongoing partnerships and specialized cleaning products. Heritage-Crystal Clean, Inc.
plans to utilize the acquisition by J. F. Lehman & Company and HarbourVest Partners, agreed upon on July 19, 2023, to enhance its market presence and expand its environmental solutions. This transaction, valued at USD 45.
50 per share, will support the company's strategic growth initiatives, although specific new products or geographic expansion plans have yet to be publicly detailed.
Current Investors
HarbourVest Partners, J.F. Lehman & Company
Primary Industry
Environmental Services
Sub Industries
Waste Management, Water & Sewer Utilities, Renewable Energy, Recycling, Environmental Services
Website
www.crystal-clean.com
Company Stage
Mature
Total Amount Raised
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Heritage-Crystal Clean, Inc. - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 29, 2012 | Dec 28, 2013 | Jan 03, 2014 | Jan 02, 2015 | Dec 31, 2016 | Dec 30, 2017 | Dec 29, 2018 | Dec 28, 2019 | Jan 02, 2020 | Jan 02, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 152,858,000 | 252,491,000 | 283,136,000 | 339,052,000 | 350,018,000 | 347,627,000 | 365,957,000 | 410,183,000 | 444,427,000 | - | - | - |
| % Revenue Growth (YoY) | - | 65.2% | 12.1% | - | - | - | - | 12.1% | 8.3% | - | - | - |
| EBITDA (USD) | 8,153,000 | 12,723,000 | 18,014,000 | 3,218,000 | 21,386,000 | 28,885,000 | 53,394,000 | 37,698,000 | 31,110,000 | - | - | - |
| Operating Income (USD) | 2,496,000 | 4,582,000 | 8,490,000 | (9,659,000) | 4,189,000 | 10,894,000 | 35,427,000 | 21,541,000 | 12,861,000 | - | - | - |
| Operating Margin | 1.6% | 1.8% | 3.0% | (2.8%) | 1.2% | 3.1% | 9.7% | 5.3% | 2.9% | - | - | - |
| % EBITDA Margin | 5.3% | 5.0% | 6.4% | 0.9% | 6.1% | 8.3% | 14.6% | 9.2% | 7.0% | - | - | - |
| NET Income (USD) | 1,474,000 | 2,254,000 | 4,645,000 | (6,865,000) | 1,410,000 | 6,014,000 | 28,410,000 | 15,038,000 | 8,749,000 | - | - | - |
| % Net Margin | 1.0% | 0.9% | 1.6% | (2.0%) | 0.4% | 1.7% | 7.8% | 3.7% | 2.0% | - | - | - |
Heritage-Crystal Clean, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Worldwide Recovery Systems, Inc. | - | ||||||||
| Add-on | Completed | Premium Environmental Services | - | ||||||||
| Add-on | Completed | YES Management, Inc. | - | ||||||||
| Add-on | Completed | Envirosafe Services of Ohio, Inc. | - | ||||||||
| Public to Private | Completed | Heritage-Crystal Clean, Inc. | - |
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