BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Calera Capital, a leading middle-market private equity firm, today announced that it has reached an agreement to sell its majority interest in United Site Services, a leading provider of portable restrooms, temporary fence and related site services, to Platinum Equity. Terms of the transactions were not disclosed.
Calera Capital acquired a majority interest in United Site Services in August 2014.
“We look for companies with attractive business models and sustainable competitive positioning that still have substantial untapped potential,” stated Jim Farrell, a managing partner of Calera Capital. “Through active involvement and a strong partnership with management, we help our portfolio companies attain the highest level of operating performance. United Site Services’ significant growth and its market leading position demonstrates successful execution of this strategy.”
“We were very fortunate to have had the opportunity to partner with Calera Capital for the past three years,” said Ron Carapezzi, CEO of USS. “Our company has benefitted immeasurably from Calera’s guidance and experience. We look forward to building on the strong foundation our partnership with Calera has created as we embark on the next phase of the company’s evolution with Platinum Equity.”
“A key element of our strategy is to invest with executives seeking a partner to help take their businesses to the next level,” stated Ethan Thurow, managing director of Calera Capital. “Ron Carapezzi and the broader USS management team have acted as true partners, and we are grateful for the opportunity to have worked alongside them. We wish the team well and are confident they will continue to thrive with their new partners and achieve continued success.”
Jim Farrell and Ethan Thurow represented Calera on the board of United Site Services.
About United Site Services
United Site Services provides a positive personal experience in a temporary environment. As the nation’s leader in the industry, United Site Services has more than 80 locations coast to coast providing quality portable restroom rentals and temporary fence rentals. Delivering on customer service first, United Site Services has expansive national reach with local roots to the communities it serves. To learn more about United Site Services, visit www.unitedsiteservices.com.
About Calera Capital
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 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. For more information, visit: www.caleracapital.com.
