backOn August 5, 2024, H.I.G. Capital announced it has entered into a definitive agreement to sell its portfolio company USALCO to funds managed by TJC (formerly known as The Jordan Company). H.I.G. will remain a minority investor in the company.
Based in Miami, and with offices across the U.S. and internationally, H.I.G. is a leading global alternative investment firm with $64 billion of capital under management.
Headquartered in Baltimore, MD, USALCO is a leading provider of water treatment solutions for municipal and commercial customers in North America, offering bespoke formulated chemistries with best-in-class product efficacy.
The King & Spalding team advising H.I.G. in the sale consisted of Rahul Patel, John Anderson, Pablo Alvarez, Umbar Malik, Jacob Weber, and John Dean. A press release announcing the sale can be found here.