Harris Williams & Co. Advises United Site Services, Inc. on its Pending Sale to Platinum Equity

July 24, 2017

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces the pending sale of United Site Services, Inc. (USS), a portfolio company of Calera Capital, to Platinum Equity. USS, based in Westborough, Massachusetts, provides portable sanitation, temporary fence and related site services. The transaction is being led by Mike Hogan, Ryan Nelson, Tim Webb and Ty Denoncourt of the firm’s Industrials Group and Taylor Morris of the firm’s Business Services Group.

“This is the second time we have had the privilege to work with USS and we have enjoyed watching its development over time,” said Mike Hogan, a managing director at Harris Williams & Co. “We are excited to have found a great partner in Platinum Equity that shares in management’s strategic vision for the business.”

"USS is a remarkable route-based services platform with an outstanding management team led by Chief Executive Officer Ron Carapezzi,” added Ryan Nelson, a managing director at Harris Williams & Co. “The company is well-positioned to continue to grow organically and through strategic acquisitions.”

USS provides a positive personal experience in a temporary environment. As one of the nation’s leaders in the industry, USS has more than 80 locations coast to coast providing quality portable sanitation services and temporary fence rentals. Delivering on customer service first, USS has expansive national reach with local roots to the communities it serves.

Founded in 1991, Calera Capital is a private investment firm which has invested over $3.3 billion. With offices in San Francisco and Boston, Calera Capital focuses its activities in two industry sectors, business services and specialty industrials. Calera Capital makes substantial equity investments in middle market businesses, typically with enterprise values in the range of $100 million to $750 million, and seeks to build long-term sustainable value by working with management teams to implement strategic and operating initiatives.

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with $13 billion of assets under management and a portfolio of approximately 30 operating companies that serve customers around the world. The firm is currently investing from Platinum Equity Capital Partners IV, a $6.5 billion global buyout fund. Platinum Equity specializes in mergers, acquisitions and operations — a trademarked strategy it calls M&A&O® — acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 22 years Platinum Equity has completed 200 acquisitions.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements, and capital markets advisory services.

Harris Williams & Co.’s Industrials Group has experience across a variety of sectors, including advanced manufacturing; aggregates, metals, and mining; building products; chemicals and specialty materials; industrial technology; and packaging. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group’s section of the Harris Williams & Co. website.

Harris Williams & Co.’s Business Services Group has experience across a variety of sectors, including facility services; environmental services; business process outsourcing; legal and insurance services; marketing and information services; professional services; payment processing and financial services; and education and training.  For more information on the firm’s Business Services Group and other recent transactions, visit the Business Services Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 7078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.