J.F. Lehman & Company, a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors, announces that an investment affiliate has acquired Lone Star Disposal, L.P., Delta Waste Services, L.P. and Tanner Road Facility, L.P.. The acquisition represents JFLCO鈥檚 32nd sponsored platform investment since the firm鈥檚 inception.
Lone Star is a leading vertically-integrated provider of construction and demolition and municipal solid waste disposal and related environmental services in Houston, TX. The Company鈥檚 comprehensive service platform utilizes an asset base consisting of a C&D landfill, an MSW transfer station, a C&D recycling facility, and a C&D collection fleet. The Company鈥檚 highly diversified customer base includes regional and nationwide C&D and MSW haulers and C&D contractors serving the greater Houston metropolitan area.
鈥淟one Star represents an excellent addition to our portfolio of companies in the environmental services sector,鈥� said Glenn Shor, a Partner with JFLCO. 鈥淟one Star鈥檚 industry-leading reputation, vertically integrated service offering and strategically located asset base reflect core characteristics we seek in our investment portfolio. We are eager to continue Lone Star鈥檚 history of excellence and look forward to supporting the continued growth of the business through organic development and complementary bolt-on acquisitions.鈥�