Littlejohn Acquires PSC Industrial from Lindsay Goldberg
December 09, 2014
Littlejohn & Co. has announced the acquisition of PSC Industrial Services, a provider of maintenance services to critical energy infrastructure, from Lindsay Goldberg. Founded in 1977, the company serves the downstream, utility, power generation, upstream and midstream markets with over 2,000 employees and 90 U.S. locations. Lindsay Goldberg acquired it in 2010 and earlier this year sold sister company PSC Environmental Services to Stericycle (NASDAQ: SRCL). Littlejohn is currently investing from its $2 billion Fund V, which closed in July after reaching its hard cap.