MAX Environmental Holdings acquires LEI Inc.

MAX Environmental Holdings Inc. (MAX), Pittsburgh, announced it has acquired LEI Inc. LEI, which is based out of Independence, Louisiana, is a supplier of recycling and waste management services for industries that include refining, chemical manufacturing, oil and gas exploration and production, waste brokers, electricity generation and electricity distribution.  

MAX, which is the owner of MAX Environmental Technologies, a fully integrated environmental treatment and disposal company that provides hazardous and nonhazardous waste transportation, processing and disposal for the manufacturing, energy and infrastructure markets, is a portfolio company of Wilton, Connecticut-based Altus Capital Partners II L.P.

LEI operates two permitted facilities in the Gulf Coast region. This acquisition with LEI expands MAX’s geographic reach into the region, enhances its capabilities with the addition of recycling technology and provides access to strategically located permitted facilities for Resource Conservation and Recovery Act (RCRA), universal and industrial waste, the company says. 

“We are pleased to welcome LEI to the MAX team,” Bob Shawver, president and CEO of MAX, says. “LEI’s partnership is an important first step in our strategy to expand geographically in the large market for the disposition of environmentally sensitive materials.”

“The combination of an industry experienced management team at MAX and the location, facilities, skilled workforce and permits at LEI make us very optimistic about the growth of these businesses,” Heidi Goldstein, partner at Altus, says.

Altus partnered with an industry experienced management team and entered the environmental segment in 2017 through its investment in MAX. This is its first add-on acquisition for the company. Terms of the deal were not disclosed.