HOUSTON (May 2, 2024) – Holland & Knight advised USA DeBusk LLC, a leading national provider of industrial cleaning and infrastructure maintenance services and a portfolio company of First Reserve, in its sale to an affiliate of H.I.G. Capital. The deal was announced May 1.
The sale will allow USA DeBusk to leverage H.I.G.'s resources and experience to expand its capabilities and offerings. USA DeBusk's executive team, led by CEO Andrew DeBusk, will continue to lead the company and remain significant shareholders.
Headquartered in Deer Park, Texas, 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.
First Reserve is a leading global private equity firm focused on investing across diversified energy, utility and industrial end-markets.
Miami-based H.I.G. Capital is a leading global alternative investment firm with $60 billion of capital under management.
Holland & Knight's representation of USA DeBusk was led by Partner Nancy Bostic. She was assisted by corporate Partners Tim Samson, Walker Brierre, Ronnie Dabbasi and Marc Druckman; finance Partners Kerry Kehoe and Arthur Lotz; tax Partners Roger Aksamit and Brandon Bloom; ERISA and employment Partners Tony Campiti and Neely Munnerlyn; Hart-Scott-Rodino (HSR) Partner John Dierking; Senior Counsel Barbara-Ellen Gaffney and Jose Almanzar; and Associates Andrew Chenevert, Samson Goriola, Alec Gonzalez Whitsell, Nikolai Hood, Eric Alborn, Ana Moreno, Amir Saboorian, Jiyeon Barta and Emily Nguyen.
More information on the transaction can be found here.
In December 2023, Holland & Knight helped USA DeBusk expand its credit facilities with Brightwood Capital. This helped finance its add-on acquisition of Nitro-Lift, a family-owned nitrogen services provider, which Holland & Knight also advised in December 2023.
Holland & Knight regularly ranks among the leading M&A and private equity law firms in reputable, benchmarking league tables published by Bloomberg, LSEG (formerly Refinitiv), Mergermarket, PitchBook and The Deal. In 2023, the firm ranked among the top 5 most active law firms in the U.S. and top 10 globally for its work in the space. Through the HK Deal Flow℠ program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.
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