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

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.