The private equity firm Halifax Group announced yesterday that they have acquired United States Environmental Services, Inc., (USES) a leader in providing environmental, emergency response, industrial and maintenance services to green-respective organizations including that of marine and rail transportation companies.
Additionally Halifax signed off on the merging of USES with environmental consulting firm K2 Industrial Services, Inc., a plant maintenance services company Halifax acquired in 2011, planning to seal the deal in mid-to-late June of this year.
The partnership between K2 and USES has the potential for 41 branches coast-to-coast with a broad spectrum of service, from chemical cleaning to emergency response of hazardous material.
Greg Johnson, CEO of USES, will serve as the K2-USES’ new CEO, the merged companies assuming the unified brand of USES.
“The new USES has a larger national footprint and an impressive range of services,” Johnson said. “Together, we have the size and strength to handle any project for our customers, who operate in diverse end markets such as refining, steel, paper and power. Our new partnership with Halifax and the K2 team should provide the financial resources to accelerate our growth and create value.”
Halifax condones investments in infrastructure, as this is the firm’s fifth investment in their mission to “deliver needed services, products and expertise to the nation’s critical energy, power, transportation and manufacturers.” David Dupree, Halifax’s co-founder, CEO and Managing Director is in full support of the investment.
“We’re building a leader in a rapidly consolidating market sector and are supportive of the [USES] vision to build the premier player in an $8 billion market that provides a single source solution to a demanding, sophisticated set of customers,” said Dupree.
The group aims to be “an employer of choice,” says Scott Van Duinen, Principal at Halifax. “When combined with K2 the new USES will have a deep, world-class management team and a reliable partner, not just a vendor, committed to safety and efficiency.”