J.F. Lehman & Company (JFLCO) has completed its acquisition of Atomic Transport, a specialized waste services provider.
Atomic Transport provides bulk-material transport and transfer station management services across 19 states through 30 operating terminals. Its customers include municipalities, industrial businesses, and private waste management companies that require large-scale material transport and facility management services.
Atomic was founded in 2015 by CEO Shayne McCallie and is headquartered in Birmingham, Alabama.
“JFLCO’s deep industry experience and focus makes them an excellent partner in the next phase of Atomic’s growth plan,” said Mr. McCallie. “Our success to date has been made possible by the dedication of the entire team at Atomic, and we look forward to working with JFLCO to build upon our strong foundation of delivering best-in-class services to our customers across the country.”
J.F. Lehman is acquiring Atomic in partnership with its founders and senior managers, who will retain ownership stakes in the business and continue to lead operations.
“We are excited to partner with this exceptionally talented and experienced Atomic team,” said Glenn Shor, a partner with JFLCO. “The company’s commitment to excellence in customer service, safety and innovation are foundations for success in these markets, and we look forward to supporting execution of the many growth initiatives ahead.”
J.F. Lehman & Company is a middle-market private equity firm primarily focused on the maritime, defense, and aerospace sectors. The firm typically invests between $50 million and $350 million in companies with EBITDA ranging from $10 million to $75 million.
In December 2024, J.F. Lehman closed its latest flagship fund, JFL Equity Investors VI LP, securing $2.2 billion in capital. This fund is the largest in the firm’s history and significantly exceeded its original target of $1.6 billion. Founded in 1992 by Dr. John Lehman, who served six years as Secretary of the United States Navy, the firm is headquartered in New York City, with an additional office in Washington, DC.
Financing for this acquisition was arranged by Netrex Capital Markets, with debt provided by a lender group led by Deutsche Bank Private Credit & Infrastructure.
Houlihan Lokey served as the financial advisor to Atomic on this transaction.
© 2025 Private Equity Professional | February 25, 2025
