Investment Summary

H.I.G. Private Equity Invests In Usalco

On June 2, 2020, private equity firm H.I.G. Private Equity invested in chemicals company Usalco

Investment Highlights
  • This is H.I.G. Private Equity’s 12th transaction in the Chemicals sector.
  • This is H.I.G. Private Equity’s 173rd transaction in the United States.
  • This is H.I.G. Private Equity’s 2nd transaction in Maryland.
Investment Fate
  • Usalco was sold to a consortium of financial buyers in 2024.

Investment Summary
Date 2020-06-02
Target Usalco
Sector Chemicals
Investor(s) H.I.G. Private Equity
Deal Type Growth Capital

Target

Usalco

Baltimore, Maryland, United States
Usalco is a provider of high-quality aluminum chemicals used in water and wastewater treatment, refinery catalysts, and other industrial end-market applications. Usalco was founded in 1980 and is based in Baltimore, Maryland.

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Investor(S) 1

Investor

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 263 of 358
Sector (Chemicals) 12 of 13
Type (Growth Capital) 47 of 67
State (Maryland) 2 of 5
Country (United States) 173 of 237
Year (2020) 7 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-07 AVI-SPL

Tampa, Florida, United States

AVI-SPL is an AV and VC solutions and services provider. The Company provides customers with design, engineering, procurement, integration and installation of AV and VC systems for corporate office space, control centers, educational facilities, convention centers and a variety of other end markets. Industry-leading services include on-site AV and VC systems support, maintenance support and managed software solutions. AVI-SPL was founded in 1979 and is based in Tampa, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Safety Zone

Guilford, Connecticut, United States

Safety Zone is a virtual manufacturer of branded and private-label personal protective equipment and janitorial, safety, hygiene, and sanitation products. Through its Safety Zone and Impact Products divisions, the Company serves a diversified customer base, including janitorial and sanitation supply distributors, safety products resellers, food service and food processing distributors, and retailers. Safety Zone was founded in 1973 and is based in Guilford, Connecticut.

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