H.I.G, a leading global alternative investment firm with $42 billion of equity capital under management, announced that its portfolio company, USALCO, has acquired Al Chem and CalChem. USALCO is a leading provider of specialty chemicals used primarily in the water and wastewater treatment processes and for the manufacturing of refinery catalysts.
Operating as a unified business under common leadership, AlChem / CalCHEM is a leading manufacturer of high-quality specialty chemicals for municipal water treatment and industrial applications and operates premier manufacturing plants in Mentor, Ohio and Modesto, California. AlChem / CalCHEM was founded in 2004 and has grown significantly under the leadership of Founder and CEO Scott Williams over the past two decades. Mr. Williams will join the USALCO leadership team following the acquisition.
“AlChem / CalCHEM builds our presence in Ohio and establishes a base of operations on the West Coast,” said USALCO CEO Ken Gayer. “The combined business is a leading manufacturer of specialty chemicals used in water and wastewater treatment, refinery catalysts, food production and other industrial applications with the ability to serve customers anywhere in the continental U.S.”
Scott Williams, Founder and CEO of AlChem / CalCHEM, noted the synergistic benefit of joining USALCO. “We see tremendous commercial opportunity in the combined platform given our complementary product set and go-to-market strategy,” he said. “We look forward to partnering with Ken and his team to continue serving our customers and expanding our offering across the United States.”
“We are pleased to partner with Scott and the AlChem / CalCHEM team,” said Keval Patel, Managing Director at H.I.G. “The transaction fits squarely into our strategy of further expanding our geographic reach within the U.S. and acquiring best-in-class companies that produce significant value creation opportunities.”
