USALCO, LLC

Founded in 1980 and headquartered in Baltimore, Maryland, USALCO is a leading provider of high quality aluminum-based chemicals used primarily in water and wastewater treatment processes and for the manufacturing of catalysts used by refineries in the production of gasoline, diesel and other downstream products.

The Company provides its customers high quality products with best-in-class levels of service and industry leading research and development capabilities. USALCO services its customers through its network of strategically-located manufacturing facilities across the Mid-Atlantic, Midwest and Southeast United States and an extensive logistics platform. USALCO’s staff of engineers and chemists have created a broad product line that continues to adapt to ever-changing environmental regulations.

Peter Askew, CEO of USALCO, commented, “We are very excited about partnering with H.I.G. to support USALCO’s growth objectives. We have numerous opportunities to expand both organically and inorganically, and H.I.G.’s experience and resources will help us continue to accelerate our successful growth trajectory. We remain highly focused and committed to providing outstanding products and service to our customers and creating a positive and safe work environment for our employees.”

“My brother David and I were clearly advantaged to rely on KPMG Corporate Finance with one of the most significant decisions in our corporate history,” added Mr. Askew. “Our relationship with the KPMG team dates back to 2015, and we could not be more appreciative of the entire team’s perseverance to create a partnership that creates the right long-term outcome for USALCO, its employees and owners.”

This transaction represents HIG’s 10th current platform investment globally in the specialty chemical sector.