Safety-Kleen Files for IPO

Safety-Kleen Holdo, a Plano, Texas-based provider of oil collection, re-refining and recycling in North America, has filed for a $300 million IPO. It plans to trade on the NYSE under ticker symbol SK, with Merrill Lynch and JP Morgan serving as co-lead underwriters.

 

he move comes just days after JPMorgan Partners (managed by CCMP Capital) agreed to sell its majority stake in Safety-Kleen's European business to Warburg Pincus for approximately