H.I.G. Capital Completes Acquisition of USA DeBusk
May 01 2024 - 9:30AM
Business Wire
H.I.G. Capital ("H.I.G."), a leading global alternative
investment firm with $60 billion of capital under management, is
pleased to announce that one of its affiliates has completed the
acquisition of USA DeBusk, LLC (“USA DeBusk” or the “Company”), a
leading national provider of mission-critical industrial cleaning
and infrastructure maintenance services. USA DeBusk’s executive
team, led by CEO Andrew DeBusk, will continue to lead the Company
and remain significant shareholders.
Founded in 2012, USA DeBusk provides a comprehensive suite of
industrial cleaning and infrastructure maintenance services to a
diverse, blue-chip customer base across a broad range of end
markets, including chemicals, renewable fuels, refining, and power
generation. Headquartered in Deer Park, TX, USA DeBusk operates
from a network of 39 offices across the United States and employs
over 2,500 full-time employees.
Andrew DeBusk, CEO of USA DeBusk, said, “We are excited to
partner with H.I.G. to leverage their significant resources and
experience to expand our capabilities and offering and continue
providing high-quality, innovative solutions which deliver
significant value to our customers. In partnership with H.I.G., USA
DeBusk will be well-positioned to continue executing our growth
strategy and vision for the Company, including deepening our
presence in attractive geographies, expanding our service offering,
and pursuing add-on acquisitions, while maintaining the
entrepreneurial culture and dedication to our customers and
employees that have defined USA DeBusk since 2012.”
Matt Gullen, Managing Director at H.I.G., added, “We are very
excited to partner with Andrew and the USA DeBusk team. There are
tremendous opportunities ahead for the Company given its long track
record of providing high-quality, reliable service and
mission-critical solutions to customers, all made possible by its
national scale, proprietary equipment, highly skilled workforce,
and best-in-class leadership team. The Company has established
itself as a leader in the industry, and we look forward to working
with USA DeBusk to build upon their success and support continued
growth initiatives.”
Harris Williams and Jefferies acted as financial advisors, and
McDermott Will & Emery LLP provided legal advice, to H.I.G.
Capital. Houlihan Lokey and Statesman Business Advisors acted as
financial advisors, and Holland & Knight LLP acted as legal
counsel, to the Company on the transaction.
About USA DeBusk
USA DeBusk provides a comprehensive suite of industrial cleaning
and infrastructure maintenance services to a diverse, blue-chip
customer base across a broad range of end markets, including
chemical, renewable fuels, refining and power generation.
Headquartered in Deer Park, TX, USA DeBusk operates from a network
of 39 offices across the United States and employs over 2,500
full-time employees. For more information, visit usadebusk.com.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $60
billion of capital under management.* Based in Miami, and with
offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York,
and San Francisco in the United States, as well as international
affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan,
Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G.
specializes in providing both debt and equity capital to middle
market companies, utilizing a flexible and operationally
focused/value-added approach:
- H.I.G.’s equity funds invest in management buyouts,
recapitalizations, and corporate carve-outs of both profitable as
well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche, and junior
debt financing to companies across the size spectrum, both on a
primary (direct origination) basis, as well as in the secondary
markets. H.I.G. also manages a publicly traded BDC, WhiteHorse
Finance.
- H.I.G.’s real estate funds invest in value-added properties,
which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus
investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed
more than 400 companies worldwide. The Firm's current portfolio
includes more than 100 companies with combined sales in excess of
$53 billion. For more information, please refer to the H.I.G.
website at hig.com.
*Based on total capital raised by H.I.G. Capital and its
affiliates.
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version on businesswire.com: https://www.businesswire.com/news/home/20240430244424/en/
Matt Gullen Managing Director mgullen@hig.com
H.I.G. Capital 1450 Brickell Avenue 31st Floor Miami, FL 33131
P: 305.379.2322 hig.com