Tom Gores-led private equity firm Platinum Equity has reached a deal to acquire United Site Services, a provider of trailers, power services, portable restrooms, dumpsters and temporary fences for outdoor events. The PE firm plans to build the company with additional M&A and operational resources.
United Site Services, based in Westborough, Massachusetts, is an independent provider of portable sanitation services. The target serves its customers through a network of more than 80 locations housing a fleet of sanitation equipment. United Site Services’ products are used at music festivals and outdoor concerts, sporting events and fairs, and construction and agricultural sites. The target was previously owned by Calera Capital.
"We will continue pursuing opportunities to acquire portable sanitation and related services companies in key markets while leveraging Platinum's operational expertise to improve our customer value proposition, enhance our operating effectiveness and increase our profitability," states United Site Services CEO Ron Carapezzi.
Founded in 1995 by Detroit Pistons owner Tom Gores, Platinum Equity is a Los Angeles-based private equity firm with more than $6 billion in capital under management. The firm backs companies in a variety of markets: manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology and telecommunications.
Platinum equity has completed more than 185 acquisitions since its inception. In March, the firm raised approximately $6.5 billion in capital for its fourth buyout fund. Some of the firm’s recent acquisitions involve: International Textile Group Inc., Broadway Industrial Group, and Electro Rent Corp. (Nasdaq: ELRC).