Lone Star Is Acquired by WCN

Technology & Services

Lone Star, a portfolio company of JFL, sale to WCN


Lone Star Disposal LP (“Lone Star” or “the Company”), a portfolio company of J.F. Lehman & Company (“JFL”), recently announced its sale to Waste Connections, Inc. (“WCN”). Terms of the transaction were not disclosed.

Baird served as financial advisor to Lone Star on this transaction.


Lone Star is a leading provider of C&D landfill and MSW transfer station services, as well as C&D collection and recycling services in Houston, Texas. With a highly experienced, results oriented management team that emphasizes culture, the Company has established a reputation as a market leader in the Houston market. The Company achieved the position as one of Houston’s premier waste management providers by offering a comprehensive suite of solutions including delivering hauling, recycling, material processing and disposal services. The company was incorporated in 2004 and is headquartered in Houston, Texas.

JFL is a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors. JFL has offices in New York and Washington, D.C. JFL was founded in 1992 and is based in New York, New York.

Waste Connections, Inc. is the third largest solid waste services company in North America, providing non-hazardous waste collection, transfer and disposal services, along with resource recovery primarily through recycling and renewable fuels generation, in 43 states in the United States and six provinces in Canada. WCN also provides non-hazardous oil and natural gas exploration and production, or E&P, waste treatment, recovery and disposal services in several basins across the United States, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. WCN was founded in 1997 and is based in Woodbridge, Canada.
Technology & Services

Lone Star, a portfolio company of JFL, sale to WCN

August 2022
Lone Star Disposal LP
M&A - Sellside
Technology & Services
Facility, Industrial, Residential & Environmental Services
Target Geography
North America
Acquiror Geography
North America