USALCO, LLC, a portfolio company of alternative investment firm H.I.G. Capital, has completed a merger with Arsenal Capital Partners‘ portfolio company, G2O Technologies LLC. Both firms are providers of specialty chemicals for water and wastewater treatment.
The merger will create a leading water treatment chemical producer with 27 sites from California to Puerto Rico. The firm will offer in-house transportation capabilities and offer a product portfolio consisting of aluminum and iron salts, organic polymers and specialty blended formulations.
USALCO continues its history of growth as this is the fourth strategic transaction since H.I.G.’s recapitalization in June of 2020.
“We are very excited about the combination and look forward to partnering with Arsenal,” said Keval Patel, managing director at H.I.G. “This is a transformational step in USALCO’s strategy of becoming a leading provider of specialty water treatment solutions in North America.”
Twin Brook served as administrative agent on debt financing to support H.I.G. Capital-backed USALCO.