HydroChem: Littlejohn-backed PSC and Centerbridge-backed HydroChem completes merger

PSC, a portfolio company of Littlejohn & Co. LLC, and Aquilex Holdings LLC, owner of HydroChem, which is backed by Centerbridge Partners LP, have closed their previously announced merger. PSC has acquired all of Aquilex's ownership stakes, combining both PSC and HydroChem to form HydroChemPSC, an industrial cleaning and environmental services company. No financial terms were disclosed. Harris Williams and Houlihan Lokey served as financial advisers to HydroChem on the deal.