Follow-on Offering

Technology & Services
Follow-on Offering

Summary

Baird served as a co-manager on this offering

About

Heritage Crystal Clean, Inc. (“HCCI” or the “Company”) (Nasdaq: HCCI) recently completed a follow-on offering of 3,450,000 shares, including the over-allotment option, of its common stock at a price of $8.00 per share. The offering generated gross proceeds of $27.6 million and consisted entirely of primary shares. The proceeds will be used to invest in a used oil re-refining project.

HCCI is the second largest provider of parts cleaning services in the U.S. based on revenue and a leading provider of containerized waste services that focuses on small and mid-sized customers. Through its network of 62 branches, HCCI provides parts cleaning and industrial waste removal services to over 41,000 active customer locations. During fiscal 2009, the Company performed more than 250,000 parts cleaning service calls.

The Baird team included our dedicated industry bankers and members of our Equity Capital Markets group.

For additional information about this transaction, please contact:

Peter S. Kies (414) 765-7262
Ross W. Williams (414) 298-6235
Technology & Services
Follow-on Offering
Date
June 2010
Company
Heritage-Crystal Clean, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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