HOUSTON, May 1, 2024
/PRNewswire/ -- USA DeBusk LLC
("USA DeBusk" or the "Company"), a
leading national provider of mission-critical industrial cleaning
and infrastructure services, and First Reserve, a leading global
private equity investment firm exclusively focused on investing
across diversified energy, utility, and industrial end-markets,
today announced that USA DeBusk
and its management team have partnered with an affiliate of H.I.G.
Capital. Financial terms of the transaction were not disclosed.
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.
The Company first partnered with First Reserve in October 2019. USA DeBusk has since significantly expanded
its geographic footprint, establishing 21 new branch locations,
while broadening its specialty services offering. The Company has
more than doubled its suite of service line offerings, including
the introduction of emissions control solutions and other
ESG-related services.
"First Reserve's partnership, expertise and intimate knowledge
of the industrial services end-markets played an essential role in
supporting our significant organic growth over the last five
years," said Andrew DeBusk, Chief
Executive Officer of USA DeBusk.
"As rising energy demand requires more output and increasingly
dependable operations from critical infrastructure and the
installation of newer, more sophisticated equipment, I am more
confident than ever that the complementary, specialty cleaning and
maintenance services we provide are uniquely suited to support our
customers in this evolving landscape. We have great momentum across
the business and are excited to continue executing on our
strategy."
"When we first invested in USA DeBusk, we saw a tremendous
opportunity to partner with an exceptional management team in an
industry where the need for an integrated and broad suite of
specialty cleaning and maintenance solutions was rapidly
accelerating, and we saw that USA
DeBusk was uniquely positioned to provide these solutions to its
customer base," said Gary Reaves,
Managing Partner at First Reserve. "By executing on a shared vision
to drive organic growth and thoughtfully expand the company's
specialty services offering, USA
DeBusk has continued to achieve successes while reinforcing its
reputation as a single-source, trusted partner for customers across
the country."
Will Brown, Managing Director at
First Reserve, added, "We're proud of what we've accomplished
alongside the USA DeBusk team. As
one of the leading providers of specialty maintenance services in
the country, the company is well positioned to build on its
momentum, continue to strategically expand its footprint and grow
its customer base. The management team remains heavily invested and
we look forward to following the team's continued success in this
next chapter."
About First Reserve
First Reserve is a leading global private equity firm focused on
investing across diversified energy, utility, and industrial
end-markets. Founded in 1983, First Reserve has more than 40 years
of industry insight, and has cultivated a network of global
relationships. First Reserve has raised more than $34 billion of aggregate capital since inception.
Its investment and operational experience have been built from over
750 transactions, including platform investments and add-on
acquisitions, on six continents. The firm's portfolio companies
have operated globally in over 60 countries and span the entire
energy and industrial spectrum. Please visit www.firstreserve.com
for further information.
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 offices across the United
States and employs over 2,500 full-time employees. Please
visit usadebusk.com for further information.
Contacts
For First Reserve:
Erik Carlson / Madeline Jones
Joele Frank, Wilkinson Brimmer
Katcher
212.355.4449
FirstReserve-JF@joelefrank.com
For USA DeBusk:
Cristin Johnson
USA DeBusk LLC
281.941.9670
cnjohnson@usadebusk.com
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SOURCE First Reserve