USALCO Appoints Ursula Boehm to Board of Managers
BALTIMORE – May 3, 2021 – USALCO, LLC (“USALCO” or the “Company”), a leading producer of high-quality water treatment and industrial chemicals, announced today that the Company has appointed Ursula Boehm to its Board of Managers.
Ms. Boehm is the Founder and Managing Partner of LIINC, Ltd, an advisory and consulting firm focused on water and wastewater treatment, industrial equipment, and related services. She has over 20 years of water and wastewater treatment experience, including executive and management consulting roles at Evoqua Water Technologies and Siemens Water Technologies. Ms. Boehm also serves as Board Member of Florida Social Capital Fund, an investment vehicle focused on diversified, early stage, seed and venture businesses. Ms. Boehm holds a Master’s Degree in Industrial Engineering and Management from Karlsruhe Institute of Technology.
“We welcome Ursula to USALCO’s Board of Managers,” said Peter Askew, Co-Chair of the Company’s board. “Ursula’s diverse industry experience and broad perspectives will enhance our strategic planning, while complementing USALCO’s balance of talent and experience.”
“Ursula brings distinctive expertise in water treatment technologies and services that will positively impact our ability to create innovative solutions for customers as we continue to grow the Company,” said USALCO CEO Ken Gayer. “Ursula’s experience in developing cross-disciplinary offerings will be a terrific addition to our platform. We look forward to partnering with her to build on USALCO’s track record of innovation and success.”
USALCO has demonstrated a strong track record of growth throughout its history, which has continued following H.I.G. Capital’s strategic investment in USALCO in June 2020. USALCO acquired AlChem Specialties, LLC and CalCHEM Specialties, LLC in December 2020.
USALCO is a leading provider of high-quality chemicals used in water and wastewater treatment, refinery catalysts and other industrial end market applications in the United States. Headquartered in Baltimore, MD, USALCO operates 11 manufacturing facilities throughout the United States.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with over $43 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
*Based on total capital commitments managed by H.I.G. Capital and affiliates.