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Two Firms Buy Motor Oil Recycling FirmTwo Firms Buy Motor Oil Recycling Firm

Allan Gerlat

March 9, 2012

1 Min Read
Two Firms Buy Motor Oil Recycling Firm

Two companies have bought motor oil recycling firm Thermo Fluids Inc.

Wastewater and water company Heckmann Corp. of Coraopolis, Pa., partnered with the Chicago-based private equity firm CIVC Partners to buy Thermo Fluids (TFI) for $245 million in cash and Heckmann common stock, according to a news release.

TFI is an environmental services and waste recycling solutions company focused primarily on the collection and recycling of used motor oil. It is the largest seller of commercial fuel oil from recovered motor oil in the western United States, Heckmann said.

“Our focus to-date has been on total water and wastewater solutions for the shale oil and gas industry. TFI’s business expands our strategy to provide total environmental services to our customers,” said Richard Heckmann, Chairman and CEO of the company.

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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