BGL Announces Acquisition of Reclamation Technologies USA and Tradewater LLC

New Environmental Services Platform Led by J.F. Lehman & Company

Jan. 30, 2026 at 1:39pm

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Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, has announced the acquisition of Reclamation Technologies USA (RTI) and Tradewater LLC & Affiliates (Tradewater) by investment affiliates of J.F. Lehman & Company (JFLCO). The combination establishes a new growth-oriented environmental services platform addressing lifecycle management of industrial and refrigerant gases and the mitigation of uncontrolled sources of methane.

Why it matters

The acquisition brings together two leading providers of specialized environmental services, creating a go-to provider of closed-loop services for gas waste management. This reflects the growing demand for such services driven by regulatory complexity and end-market needs for comprehensive solutions in the environmental services sector.

The details

RTI is a full-service refrigerant recovery and reclamation provider offering end-to-end services, while Tradewater sources, aggregates, and coordinates the destruction of high global warming-potential refrigerant gases. The combination will serve as a platform for acquisitive growth and capability enhancement, reflecting JFLCO's conviction in the structural growth potential of this sector.

  • The acquisition was announced on January 30, 2026.

The players

Brown Gibbons Lang & Company (BGL)

A leading independent investment bank and financial advisory firm that served as the exclusive financial advisor to RTI.

Reclamation Technologies USA (RTI)

A leading provider of full-service refrigerant recovery and reclamation solutions, headquartered in Indianapolis, IN.

Tradewater LLC & Affiliates (Tradewater)

A global leader in the collection and control of high-impact refrigerant and methane gases, headquartered in Chicago, IL.

J.F. Lehman & Company (JFLCO)

An investment firm that has acquired RTI and Tradewater to establish a new growth-oriented environmental services platform.

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The takeaway

The acquisition of RTI and Tradewater by JFLCO creates a comprehensive environmental services platform that can address the growing demand for specialized solutions in the management of industrial and refrigerant gases, as well as the mitigation of methane emissions, reflecting the structural growth potential in this sector.