The Jordan Company to acquire a majority stake in USALCO from HIG Capital.

The Jordan Company, a private equity firm, agreed to acquire a majority stake in USALCO, a water treatment solutions provider, from HIG Capital, a global alternative investment firm. Financial terms were not disclosed. “HIG has been an exceptional partner to USALCO and instrumental in helping us transform USALCO into the market leader we are today. HIG supported significant investments across USALCO, which strengthened our ability to provide differentiated solutions and service levels to our customers. This management team is just getting started and couldn’t be more enthusiastic about our new partnership with TJC as we execute on our next phase of growth,” Kenneth Gayer, USALCO CEO.