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USALCO Completes Acquisition of AlChem and CalCHEM
MIAMI – January 5, 2021 – H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $42 billion of equity capital under management, announced today that its portfolio company, USALCO, LLC (“USALCO” or the “Company”), has acquired Al Chem Specialties, LLC (“AlChem”) and CalChem, LLC (“CalCHEM”). USALCO is a leading provider of specialty chemicals used primarily in the water and wastewater treatment processes and for the manufacturing of refinery catalysts.
Operating as a unified business under common leadership, AlChem / CalCHEM is a leading manufacturer of high-quality specialty chemicals for municipal water treatment and industrial applications and operates premier manufacturing plants in Mentor, Ohio and Modesto, California. AlChem / CalCHEM was founded in 2004 and has grown significantly under the leadership of Founder and CEO Scott Williams over the past two decades. Mr. Williams will join the USALCO leadership team following the acquisition.
“The acquisition of AlChem / CalCHEM is an important step in our strategy to expand geographically and add high-value products to our portfolio of offerings,” said Peter Askew, USALCO’s co-chairman.
“AlChem / CalCHEM builds our presence in the Midwest and establishes a base of operations on the West Coast,” added USALCO CEO Ken Gayer. “The combined business is a leading manufacturer of aluminum chemicals used in water and wastewater treatment, refinery catalysts and other industrial applications with the ability to serve customers anywhere in the continental U.S.”
Scott Williams, Founder and CEO of AlChem / CalCHEM, noted the synergistic benefit of joining USALCO. “We see tremendous commercial opportunity in the combined platform given our complementary product set and go-to-market strategy,” he said. “We look forward to partnering with Ken and his team to continue serving our customers and expanding our offering across the United States.”
“We are pleased to partner with Scott and the AlChem / CalCHEM team,” said Keval Patel, Managing Director at H.I.G. “The transaction fits squarely into our strategy of further expanding our geographic reach within the U.S. and acquiring best-in-class companies that produce significant value creation opportunities.”
USALCO is a leading provider of high-quality aluminum 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 private equity and alternative assets investment firm with $42 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.