HIG Capital (HIG) portfolio company, USALCO has completed a merger with G2O Technologies (G2O), a portfolio company of Arsenal Capital Partners (Arsenal). Ken Gayer, the current USALCO CEO, will lead the new company which will continue to bear the name USALCO.
The USALCO and G2O merger creates one of North America’s leading water treatment chemical producers with 27 sites extending from California to Puerto Rico. The combined company will have in-house transportation capabilities and offer a range of products, including aluminium and iron salts, organic polymers, and specialty blended formulations.
“This merger marks an exciting milestone for our customers, employees, and stakeholders who depend on our services,” says Ken Gayer, CEO of USALCO. “Our complementary products and broader geographic reach will allow us to offer an expanded set of solutions that help improve our customers’ water treatment processes and protect our water resources.”
“We are very excited about the combination and look forward to partnering with Arsenal,” says Keval Patel, Managing Director at HIG “This is a transformational step in USALCO’s strategy of becoming a leading provider of specialty water treatment solutions in North America.”
Roy Seroussi, Investment Partner at Arsenal, adds: “This partnership will accelerate the technology and innovation advancements in the water infrastructure sector. We look forward to collaborating with HIG and the USALCO management team.”
USALCO has demonstrated a strong track record of growth throughout its history. Including G2O, USALCO has completed four strategic transactions since HIG recapitalized the business with Peter and David Askew in June 2020. USALCO acquired AlChem Specialties, LLC and CalCHEM Specialties, LLC in December 2020 and ALTIVIA’s water treatment business in September of this year.
