Rock Hill Capital Announces its Investment in U.S. Industrial Holdings, LLC
Houston, TX (February 17, 2017) – Rock Hill Capital Group (“Rock Hill”) today announced that it has completed a majority recapitalization of U.S. Industrial Holdings, LLC d/b/a Patriot Construction (“Patriot” or the “Company”), an infrastructure services company providing construction site preparation services to industrial and commercial customers along the Gulf Coast.
Patriot was founded in 2010 by Michael Hensgens and Cody Fortier and is headquartered in Lafayette, Louisiana. The company’s site preparation service offerings include clearing and grubbing, leveling and grading, earth moving, soil stabilization, drainage structures, water / sewer installation, hydro-excavation and paving. Patriot’s team and equipment are also capable of providing foundations, channel construction, dredging and environmental remediation.
“We couldn’t be more excited to partner with the Patriot team. This represents our first investment in our newest fund, Rock Hill Capital III, LP. Michael, Cody and their team represent the type of entrepreneur-owners Rock Hill invests alongside given their deep knowledge of the industry and passion to grow. The Patriot team is known for their ability to provide value-added services from the proposal stage to the completion of projects, and we look forward to helping them grow geographically and enter new service offerings,” Randall B. Hale, Managing Director of Rock Hill.
“We are excited to work with Rock Hill given their experience in the industrial services market along the Gulf Coast. It was the right time for Patriot to partner with an experienced financial sponsor to provide strategic guidance and expertise to help take the company to the next level, and Rock Hill has a proven track record of success with companies like Patriot,” said Michael Hensgens, CEO of Patriot.
Debt financing, and legal representation services for the transaction were provided by BBVA Compass and Winston & Strawn, respectively.
About Rock Hill Capital
Rock Hill Capital, founded in 2007 and headquartered in Houston, Texas, is a private equity firm that invests in small-to-lower middle market companies located in the South and Southeast U.S. with enterprise values of up to $60 million. Rock Hill is currently investing out of its third committed capital fund totaling $150MM focusing on companies in the industrial products and services industries. Take a deeper look at Rock Hill Capital and what makes our investments so successful by visiting www.rockhillcap.com.
Deal Referral:
Grant Jungeblut
713.715.7509
gjungeblut@rockhillcap.com
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