Heritage-Crystal Clean, Inc.: directors' dealings · United States · SEC (Form 4)

About Heritage-Crystal Clean, Inc.

Heritage-Crystal Clean, Inc. (HCCI) is a U.S.-based industrial environmental services company focused on collection, treatment, recycling, and disposal solutions for a broad range of waste streams and used industrial fluids. The company traces its roots to 1999, when it was formed out of Heritage Environmental Services’ business serving smaller customers, and over time it expanded through organic growth and selective acquisitions. Prior to its go-private transaction in 2023, HCCI traded on the NASDAQ Global Select Market in the United States; its business model was built around recurring, route-based service revenue and regulated environmental processing assets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1403431/000095012408001175/c15909b4e424b4.htm?utm_source=openai)) The company’s operating profile centers on several core service lines: parts cleaning, hazardous and non-hazardous waste management, used oil collection and re-refining, antifreeze recycling, wastewater vacuum services, industrial field services, and emergency/spill response. Crystal Clean also sells products generated from its re-refining operations, including base oils and related co-products. This integrated platform gives the company exposure to both service fees and product sales, while supporting customers that need compliant handling of regulated materials. Its customer base historically included vehicle maintenance businesses, small and mid-sized manufacturers, industrial operators, utilities, and government entities. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1403431/000140343123000009/hcci-20221231.htm?utm_source=openai)) From a competitive standpoint, HCCI occupied a niche between large national environmental firms and a fragmented set of regional operators. Management historically highlighted its scale in small and mid-sized customer service, while noting competition from larger diversified waste players such as Safety-Kleen/Clean Harbors and other national firms. A key strategic lever has been vertical integration: collection routes, processing sites, and re-refining assets help the company capture more of the value chain and improve logistics economics. The company is headquartered in Hoffman Estates, Illinois, United States, which underlines its Midwestern base with a nationwide operating footprint. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1403431/000140343120000021/hcci-20191228.htm?utm_source=openai)) A major recent milestone was the announcement in July 2023 and completion in October 2023 of HCCI’s acquisition by an investment affiliate of J.F. Lehman & Company for approximately $1.2 billion, or $45.50 per share in cash. Following closing, Crystal Clean’s common stock ceased trading on the NASDAQ Global Select Market. For investors, that transaction is the defining recent event: it removed the company from the public market while validating the strategic value of its environmental services platform, its recurring industrial customer relationships, and its exposure to secular demand for compliance-driven waste handling and circular-economy solutions. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001403431/000119312523190211/d538609dex991.htm?utm_source=openai))