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

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.) 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.

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. 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.) Acquires Coagulant Manufacturing Business from Brenntag Southwest

January 18, 2024

Manufacturing

USALCO, an H.I.G. Capital portfolio company, has acquired the coagulant manufacturing business of Brenntag Southwest, Inc., a Houston-based operation. The deal expands USALCO's manufacturing footprint and customer base in Texas and will see production relocated into USALCO's existing regional facilities.

TJC, L.P. (The Jordan Company) Acquires Industrial Service Group Holdings, LLC

December 19, 2022

Industrial Services

TJC, L.P. (The Jordan Company) has acquired Industrial Service Group Holdings, LLC (The Industrial Service Group) in a sale from KCM Capital Partners, with PNC Mezzanine Capital, Five Points Capital, and ISG management among the sellers. The transaction represents the exit of KCM's buy-and-build investment in ISG, a provider of recurring outsourced MRO services and rotating equipment repair, service and distribution for industrial end markets.