JF Lehman acquires solid waste disposal provider Lone Star

JF Lehman and Company (JFLCO), a New York-based private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, has announced that an investment affiliate has acquired Lone Star Disposal, L.P., Delta Waste Services, L.P. and Tanner Road Facility, L.P., the company said.

The acquisition represents JFLCO´s 32nd sponsored platform investment since the firm´s inception.

Lone Star is a leading vertically-integrated provider of construction and demolition and municipal solid waste disposal and related environmental services in Houston, Texas. The company´s comprehensive service platform utilizes an asset base consisting of a C and D landfill, an MSW transfer station, a C and D recycling facility, and a C and D collection fleet. The company´s highly diversified customer base includes regional and nationwide C and D and MSW haulers and C and D contractors serving the greater Houston metropolitan area.

Debt financing for the transaction was provided by Monroe Capital, LLC.

Jones Day provided legal counsel to JF Lehman and company. Stifel served as financial advisor to Lone Star and Hunton Andrews Kurth LLP provided legal counsel.