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Heritage-Crystal Clean (HCCI) Files $37 Million IPO

June 19, 2007 8:17 AM EDT
HCCI Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)
Heritage-Crystal Clean, Inc. (Nasdaq: HCCI) has filed a registration statement with the SEC for an initial public offering of its common stock. The proposed maximum aggregate offering price is $37 million. The Company intends to apply to list its common units on the NASDAQ Global Market under the symbol “HCCI.”

The offering is being made through William Blair & Company and Piper Jaffray.

Heritage-Crystal Clean is seen as the second largest provider of parts cleaning services in the U.S. and a leading provider of containerized waste services targeting small and mid-sized customers. Within the industrial and hazardous waste services market, the company focuses on parts cleaning, containerized waste, used oil and vacuum services.

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