Middle-market private equity firm Calera Capital is to sell its majority interest in United Site Services (USS), a provider of portable toilets, temporary fence and related site services, to Platinum Equity. Terms of the transactions have not been disclosed.
Calera Capital acquired a majority interest in United Site Services in August 2014.
“We look for companies with attractive business models and sustainable competitive positioning that still have substantial untapped potential,” says Jim Farrell, a managing partner of Calera Capital. “Through active involvement and a strong partnership with management, we help our portfolio companies attain the highest level of operating performance. United Site Services’ significant growth and its market leading position demonstrates successful execution of this strategy.”
“We were very fortunate to have had the opportunity to partner with Calera Capital for the past three years,” says Ron Carapezzi, CEO of USS. “Our company has benefitted immeasurably from Calera’s guidance and experience. We look forward to building on the strong foundation our partnership with Calera has created as we embark on the next phase of the company’s evolution with Platinum Equity.”
“A key element of our strategy is to invest with executives seeking a partner to help take their businesses to the next level,” says Ethan Thurow, managing director of Calera Capital. “Ron Carapezzi and the broader USS management team have acted as true partners, and we are grateful for the opportunity to have worked alongside them. We wish the team well and are confident they will continue to thrive with their new partners and achieve continued success.”
