Rock Hill Capital Group has completed a majority recapitalization of Alpha Technical Services Corp., a Pasadena, Texas-based provider of specialized industrial cleaning and hazardous waste disposal services. Financial terms of the deal were not released. Formed in 2008, Rock Hill Capital is a private equity firm that targets investments in middle-market and lower middle-market companies.
Rock Hill Capital Group, LLC (“Rock Hill”) today announced that it has completed a majority recapitalization of Alpha Technical Services Corporation, LLC (“ATS”). ATS, located in Pasadena, Texas, provides specialized industrial cleaning and hazardous waste disposal services to the petrochemical and government markets. ATS’s Commercial Services Division operates a state of the art railcar and container cleaning facility and provides specialized in-plant cleaning services to customers throughout the United States. ATS’s Government Services Division, with offices in San Diego and Apple Valley, California, provides military bases with hazardous waste disposal, remediation, emergency response and environmental management.
ATS was founded in 2001 by the Waters Group and a group of key executives, led by Michael Howerton. Mr. Howerton will continue in his role as Chief Executive Officer and will maintain an ownership interest in ATS going forward.
“We are pleased that Mike and the Waters Group selected Rock Hill as their new equity partner,” said Randall B. Hale, Founder and Managing Director of Rock Hill Capital Group. “The ATS management team represents exactly what we look for in a partner, experts in the field with a proven track record of success in building a business. ATS is uniquely positioned, both with its strategically located cleaning facility and with its relationships with the Defense Logistics Agency for continued growth. We are excited to have the opportunity to be a part of ATS’s future success.”
“We were fortunate to have a number of respected investment firms and industry participants interested in our business model and are excited about the opportunity to partner with Rock Hill,” said Mr. Howerton. “Rock Hill has a keen understanding of the environmental cleaning industry and ATS’s opportunities for growth. Rock Hill has a proven track record of helping companies expand and they share our philosophy of building long-term relationships with their business partners.”
ATS and Rock Hill plan to expand the business primarily through organic growth in their key markets and through selective acquisitions. Further information about ATS may be found at www.alphatechserv.com.
About Rock Hill Capital Group
Founded in 2008, Rock Hill Capital Group, LLC (www.rockhillcap.com) is a private equity firm that targets investments in growing middle to lower middle market companies with enterprise values up to $75 million. Rock Hill seeks to assist successful entrepreneurial companies located in the southern United States to continue to grow and expand their business. Currently, Rock Hill has approximately $50 million of committed capital under management through Rock Hill Capital I, L.P. Other current portfolio companies include Applied Global Technologies, Inc. (www.appliedglobal.com), Blackhawk Specialty Tools, LLC (www.blackhawkst.com), Kiva Kitchen and Bath Holdings, LLC (www.kivahome.com) and SouthWaste Services Holdings, LLC (www.southwaste.com).