J.F. Lehman & Company (JFLCO), a private equity firm specializing in aerospace, defense, maritime, government, and environmental sectors, completed its acquisition of Atomic Transport, a leading waste services provider. 

The deal, structured through an investment affiliate, establishes a partnership between JFLCO and Atomic’s management team.

Founded in 2015, Atomic operates across 19 states with 30 terminals, offering bulk-material transport and transfer station management. The company has built a reputation for delivering customized waste management solutions, investing in employees and equipment to enhance service efficiency and reliability.

Glenn Shor, partner at JFLCO, emphasized Atomic’s strengths in customer service, safety, and innovation, calling them “foundations for success in these markets.” Managing Director Dave Thomas highlighted the strategic fit between Atomic and JFLCO’s investment focus, citing the company’s essential services and market leadership as key advantages.

Atomic’s leadership team, including co-founder and CEO Shayne McCallie, will retain equity in the business and continue leading operations. McCallie expressed enthusiasm for the partnership, noting that JFLCO’s expertise would help drive Atomic’s next growth phase.

The deal was financed by a lending group led by Deutsche Bank Private Credit & Infrastructure, with Netrex Capital Markets arranging the transaction. Legal counsel was provided by A&O Shearman for JFLCO and Scudder Law Firm for Atomic and its majority shareholders. Houlihan Lokey acted as financial advisor to Atomic.