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Osceola Capital Leads Recapitalisation of Industry Services Co, Acquires Guy Nielson Co
Wednesday 16 September 2020

US-based middle-market private equity firm Osceola Capital has partnered with management to recapitalise industrial maintenance services provider Industry Services Company, the firm said.

Concurrent with the transaction, ISC has completed the acquisition of Guy Nielson Company and will combine operations with DG Skouse, a division of ISC.

The consolidated company is a national provider of industrial and refractory maintenance services, and represents the seventh platform investment for Osceola's current fund.

Founded in 1964 and headquartered in Mobile, Alabama, Industry Services is a provider of industrial maintenance services, including refractory kiln maintenance, mechanical equipment and parts maintenance, and field tank services.

ISC supports customers across 31 states in the South and Midwest, with branch locations in Alabama, South Carolina, Florida, Missouri, and Louisiana.

ISC's customer base spans a diversified group of end markets, including pulp and paper, chemicals, wastewater, power generation, incineration, cement, steel, precious metals, aluminum, and many others.

Industry Services has been owned and operated by the Hunter family for decades and is led by CEO Shawn Hunter.

Founded in 1935 and headquartered in Pocatello, Idaho, Guy Nielson is a provider of industrial and refractory maintenance services.

GNC supports customers across 13 states in the Pacific Northwest and Rocky Mountain regions, with branch locations in Idaho, Utah, Colorado, Oregon, and Washington.

Osceola was attracted to the industrial and refractory maintenance sector the mission-critical nature of its services is supported by recurring, non-cyclical demand driven by safety, regulatory compliance, and operational efficiency standards.

DLA Piper provided legal counsel to Osceola Capital. Founders Advisors served as financial advisor and Hand Arendall served as legal counsel to Industry Services.
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Date Published: 16/09/2020

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