Crestline Investors, Inc. (“Crestline”), a leading provider of customized debt solutions, is pleased to announce that it has participated in a first lien term loan to support the acquisition of Atomic Transport, LLC (“Atomic” or the “Company”) by an investment affiliate of J.F. Lehman & Company (“JFLCO”), a middle-market private equity firm focused on the aerospace, defense, maritime, government, and environmental sectors.
Founded in 2015, Atomic Transport is a specialized waste services provider offering bulk-material transport and transfer station management solutions. Atomic has established itself as a trusted partner to its clients through investments in a skilled workforce and a modern equipment fleet. The financing provided by the lender group will enable JFLCO to complete the acquisition and support Atomic’s continued growth in the waste services market.
“We are thrilled to partner with JFLCO to facilitate their acquisition of Atomic Transport,” said Jake Friemel, Managing Director at Crestline. “Atomic’s strong market presence, operational excellence, critical services and recurring revenue make it an ideal addition to our portfolio. We look forward to supporting the Company’s next phase of expansion.”
“Atomic Transport represents an exciting addition to our portfolio of environmental services companies,” said Dave Thomas, Managing Director at J.F. Lehman & Company. “We are grateful for Crestline’s support in this transaction, which positions Atomic for continued success and growth in a critical sector. We’re eager to work with the Atomic team to build on their impressive foundation.”
The loan reflects Crestline’s commitment to delivering flexible, tailored financing solutions to support high-quality businesses and their sponsors. JFLCO, headquartered in New York with an additional office in Washington, D.C., brings extensive expertise in the environmental services sector, positioning Atomic for sustained success.
About Crestline Investors
Crestline Investors, Inc. is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has approximately $20 billion in assets under management (as of September 30, 2024), and is specialized in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
About Atomic Transport, LLC
Founded in 2015, Atomic Transport, LLC is a premier provider of specialized waste services, delivering bulk-material transport and transfer station management across 19 states. Operating 30 terminals nationwide, Atomic serves a diverse client base with a commitment to safety, reliability, and customer satisfaction.
About J.F. Lehman & Company, Inc.
Established in 1992, J.F. Lehman & Company is a middle-market private equity firm based in New York, with an office in Washington, D.C. The firm specializes in investments within the aerospace, defense, maritime, government, and environmental sectors, partnering with management teams to build industry-leading companies. For more information, visit www.jflpartners.com.
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