May 1, 2024   SOURCE: BusinessWire

H.I.G. Capital Completes Acquisition of USA DeBusk

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of USA DeBusk, LLC (“USA DeBusk” or the “Company”), a leading national provider of mission-critical industrial cleaning and infrastructure maintenance services. USA DeBusk’s executive team, led by CEO Andrew DeBusk, will continue to lead the Company and remain significant shareholders.

Founded in 2012, USA DeBusk provides a comprehensive suite of industrial cleaning and infrastructure maintenance services to a diverse, blue-chip customer base across a broad range of end markets, including chemicals, renewable fuels, refining, and power generation. Headquartered in Deer Park, TX, USA DeBusk operates from a network of 39 offices across the United States and employs over 2,500 full-time employees.

Andrew DeBusk, CEO of USA DeBusk, said, “We are excited to partner with H.I.G. to leverage their significant resources and experience to expand our capabilities and offering and continue providing high-quality, innovative solutions which deliver significant value to our customers. In partnership with H.I.G., USA DeBusk will be well-positioned to continue executing our growth strategy and vision for the Company, including deepening our presence in attractive geographies, expanding our service offering, and pursuing add-on acquisitions, while maintaining the entrepreneurial culture and dedication to our customers and employees that have defined USA DeBusk since 2012.”

Matt Gullen, Managing Director at H.I.G., added, “We are very excited to partner with Andrew and the USA DeBusk team. There are tremendous opportunities ahead for the Company given its long track record of providing high-quality, reliable service and mission-critical solutions to customers, all made possible by its national scale, proprietary equipment, highly skilled workforce, and best-in-class leadership team. The Company has established itself as a leader in the industry, and we look forward to working with USA DeBusk to build upon their success and support continued growth initiatives.”

Harris Williams and Jefferies acted as financial advisors, and McDermott Will & Emery LLP provided legal advice, to H.I.G. Capital. Houlihan Lokey and Statesman Business Advisors acted as financial advisors, and Holland & Knight LLP acted as legal counsel, to the Company on the transaction.

About USA DeBusk

USA DeBusk provides a comprehensive suite of industrial cleaning and infrastructure maintenance services to a diverse, blue-chip customer base across a broad range of end markets, including chemical, renewable fuels, refining and power generation. Headquartered in Deer Park, TX, USA DeBusk operates from a network of 39 offices across the United States and employs over 2,500 full-time employees. For more information, visit usadebusk.com.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $60 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

  • H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  • H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
  • H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
  • H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm's current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.