USALCO (H.I.G.) Acquires Coagulant Manufacturing Business from Brenntag Southwest

H.I.G. Capital Completes Growth Investment in USALCO

June 2, 2020

Manufacturing

H.I.G. Capital (through an affiliate) made a growth investment in USALCO, LLC, partnering with founders Peter and David Askew and the existing management team; terms were not disclosed. USALCO is a Baltimore-based manufacturer of aluminum-based chemicals used in water and wastewater treatment and refinery catalysts, operating multiple U.S. production facilities and an extensive logistics platform to serve municipal and industrial customers.

USALCO (H.I.G. Portfolio) Acquires ALTIVIA's Water Treatment Business

September 30, 2021

Manufacturing

USALCO, a portfolio company of H.I.G. Capital, has acquired ALTIVIA’s water treatment chemical business, including ferric and ferrous sulfate production facilities in Houston, Texas. The deal transfers the unit from ALTIVIA as the company focuses on petrochemicals and specialty chemicals, and expands USALCO’s coagulant product offering and Texas footprint.

USALCO (H.I.G. Portfolio Company) Acquires AlChem Specialties and CalCHEM

January 5, 2021

Manufacturing

USALCO, a portfolio company of H.I.G. Capital, has acquired Al Chem Specialties, LLC (AlChem) and CalChem, LLC (CalCHEM). The acquisition brings manufacturing capacity in Mentor, Ohio and Modesto, California, expanding USALCO's geographic reach and strengthening its specialty chemicals offering for water/wastewater treatment and industrial end markets.

USALCO (H.I.G.) Completes Merger with G2O Technologies (Arsenal)

November 2, 2021

Manufacturing

H.I.G. Capital portfolio company USALCO has completed a merger with G2O Technologies, a portfolio company of Arsenal Capital Partners, with Ken Gayer to lead the combined business under the USALCO name. The combination creates one of North America’s leading water treatment chemical producers with an expanded geographic footprint, broader product set and in-house transportation capabilities.

TJC Funds to Acquire USALCO from H.I.G. Capital

August 5, 2024

Environmental Services

H.I.G. Capital has signed a definitive agreement to sell its portfolio company USALCO to funds managed by TJC (formerly The Jordan Company), with H.I.G. remaining as a minority investor. USALCO, headquartered in Baltimore, Maryland, is a leading provider of water treatment chemistries and services operating 33 manufacturing and distribution facilities across North America; the transaction is expected to close in the coming months.

Gravity Sells Production-Chemicals Division Tech Management to Coastal Chemical (a Brenntag Company)

November 1, 2022

Industrial Services

Gravity, a Clearlake-backed water and power infrastructure company, sold its chemical division Tech Management to Coastal Chemical Co., L.L.C., a Brenntag company. Financial terms were not disclosed; the divestiture lets Gravity focus on its core water logistics and power generation businesses while Tech Management joins Coastal/Brenntag to strengthen energy-facing chemical distribution and field services in the Permian Basin.