Houlihan Lokey Advises Atomic Transport

Houlihan Lokey is pleased to announce the sale of Atomic Transport, LLC (Atomic) to J.F. Lehman & Company (JFLCO). Prior to the sale, Atomic was majority-owned by management with strong, minority financial support from Comvest Partners. Atomic’s founders and management retain significant ownership in the company and are continuing in their current roles. The transaction closed on February 20, 2025.

Formed in 2015, Atomic is a leading specialized waste services company providing bulk-material transport and transfer station management services. The company operates in 19 states across 30 terminals, providing highly tailored waste management solutions for its clients. Since its formation, Atomic has prioritized investment in its employees and fleet of equipment to deliver consistent, best-in-class waste management services.

JFLCO is a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government, and environmental sectors. The firm is partnering with Atomic’s former majority shareholders, including founders and management, who will remain shareholders in the business and continue to lead Atomic.

Houlihan Lokey served as the lead financial advisor to Atomic. This transaction highlights Houlihan Lokey’s preeminent position and continued success advising clients in the environmental services and transportation and logistics sectors, having successfully advised on more than 40 transactions combined since the beginning of 2023.

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