Littlejohn & Co. Announces Agreement to Sell Clean Earth to Compass Diversified Holdings

GREENWICH, Conn., Aug. 7, 2014 /PRNewswire/ -- Littlejohn & Co., LLC, a private investment firm based in Greenwich, CT, today announced that it has signed a definitive agreement with Compass Diversified Holdings (NYSE: CODI) for the sale of Clean Earth, a provider of essential and cost-effective landfill avoidance solutions.  The deal is expected to close in the third quarter.

Clean Earth is one of the largest processors of contaminated soil, dredge sediments, hazardous and non-hazardous soils on the East Coast. Headquartered in Hatboro, PA, the Company provides solutions for facilities-based treatment, disposal and beneficial re-use of soil, dredge and other non-hazardous materials and handles over three million tons of material annually from New York down to Florida through a network of 12 full-service soil facilities. 

David Simon, Managing Director of Littlejohn & Co., said, "We would like to thank Chris Dods for his leadership as CEO and the way he repositioned the company over the past several years.  He and Clean Earth's broad senior management team expanded the Company's permitted capabilities and demonstrated a consistent ability to complete strategic acquisitions all while maintaining the Company's stellar reputation for quality environmental stewardship."

Mr. Dods, Chief Executive Officer, said, "As a result of the unwavering commitment of the Company's leadership team, its employees, and our financial sponsor, we have built Clean Earth into a provider of turnkey solutions for customers across all commercial, industrial, and energy industries and have developed a reputation for completing projects on time and within budget.  We continue to have room for growth and we look forward to implementing new initiatives with our partners at Compass that will ensure continued provision of outstanding service for our customers' treatment, recycling, disposal, and transportation needs."

Houlihan Lokey is acting as financial advisor and Morrison Cohen is acting as legal advisor to the Company.

About Littlejohn & Co., LLC

Littlejohn & Co. is a Greenwich, Connecticut-based private equity firm investing in middle-market companies facing the opportunities and challenges that come with significant change.  The firm is currently investing from Littlejohn Fund V, L.P., which has $2 billion in capital commitments.  For more information, visit www.littlejohnllc.com.

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334

SOURCE Littlejohn & Co., LLC