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Calera Capital Acquires United Site Services

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united site services nf1Calera Capital has acquired United Site Services (USS), a provider of portable sanitation, temporary fencing, and related site services.  The buy of USS represents Calera’s ninth investment from the firm’s fourth fund.  United Site Services has been a portfolio company of GSO Capital Partners (Blackstone) and Angelo, Gordon & Co. since January 2010,

james farrell nf1“CEO Ron Carapezzi and the USS management team have developed USS into a true industry leader. The company has significant momentum and we are excited to support Ron and his team in continuing USS’s impressive history of outperformance,” said James Farrell, Managing Partner of Calera Capital.

United Site Services is a provider of portable restrooms, VIP restroom and shower trailers, temporary fence, temporary power, and other related products to the construction, event, industrial and government markets.  The company has over 1,500 employees at its 60 branch locations nationwide. USS was founded in 1999 and is headquartered in Westborough, MA (www.unitedsiteservices.com).

Ethan Thurow nf1“USS has substantial opportunities for further growth. Calera is thrilled to partner with management as they continue to execute against the company’s organic and acquisition-driven growth plans,” said Ethan Thurow, Principal of Calera Capital.

Calera Capital, formerly known as Fremont Partners, invests from $50 million to $250 million in companies with enterprise values up to $1 billion that operate in a range of industries, including business services, consumer and retail, financial services, healthcare, building products, and industrial manufacturing.  Calera was founded in 1991 and has offices in San Francisco and Boston (www.caleracapital.com).

2014 PEPD • Private Equity’s Leading News Magazine • 8-6-14

Balance Point Acquires Johnny on the Spot

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johnny on the spot nfBalance Point Capital Partners has acquired Johnny on the Spot, a provider of portable toilets and related products.

Johnny on the Spot (JOTS) is a provider of portable toilets and related products to the special event and construction industries, as well as residential and commercial septic system maintenance, inspections, repairs and installations in New Jersey, New York and Pennsylvania.  The company was founded in 1969 and is headquartered in Old Bridge, NJ (www.johnnyonthespot.com).

kaplan nf1“We are very excited to have JOTS join the Balance Point portfolio.  This transaction is quintessential Balance Point:  helping successful businesses like JOTS enter the next chapter in their evolution by providing differentiated capital and leveraging our network.  We look forward to supporting the many men and women who comprise the JOTS team and have contributed to its growth trajectory,” said Justin Kaplan, a Partner with Balance Point.

Balance Point Capital Partners invests from $5 million to $20 million of mezzanine and equity in lower middle market companies that have revenues of $10 million to $150 million and EBITDAs between $2 million and $25 million. Sectors of interest include business services, niche manufacturing, consumer & industrial, branded products, aerospace & defense, healthcare, and technology. Balance Point Capital Partners was founded in 1988 and is based in Westport, CT (www.balancepointcapital.com).

JOTS’ president and owner, Jesse Thompson, will continue in his current position and remains a significant shareholder in the company.  “I am very excited about the partnership with Balance Point.  I am looking forward to working with my new capital partners to help facilitate and support our growth efforts as we enter a new phase for the company,” said Mr. Thompson.

© 2014 PEPD • Private Equity’s Leading News Magazine • 4-22-14

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