News

 

Greenwich, CT, May 14, 2024 -- Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Joint Lead Arranger in the Senior Secured financing in support of the acquisition of USA DeBusk, LLC by an affiliate of H.I.G. Capital.

 

USA DeBusk is a leading national provider of mission-critical industrial cleaning and infrastructure maintenance services, headquartered in Deer Park, Texas. Since its founding in 2012, USA DeBusk has provided a comprehensive suite of services to its diverse, blue-chip customer base, reaching a broad range of end markets, including chemical, renewable fuels, refining, and power generation.

 

This newly announced partnership will leverage H.I.G.’s significant resources and experience to support the continued execution of USA DeBusk’s growth strategy, which includes expanding its service offering, deepening its presence in attractive geographies, and pursuing add-on acquisitions. USA DeBusk’s executive team, led by CEO Andrew DeBusk, will continue to lead the company and remain significant shareholders.

 

“This transaction further strengthens our longstanding, constructive partnership with H.I.G., as we seek to deliver custom financing solutions across H.I.G.’s broad investment platform,” said Anthony DiNello, Head of Silver Point Finance.

 

USA DeBusk provides a comprehensive suite of industrial cleaning and infrastructure maintenance services to a diverse, blue-chip customer base across a broad range of end markets, including chemical, renewable fuels, refining, and power generation. Headquartered in Deer Park, TX, USA DeBusk operates from a network of 39 offices across the United States and employs over 2,500 full-time employees. For more information, visit usadebusk.com.

 

H.I.G. is a leading global alternative investment firm with $61 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach. For more information, please refer to the H.I.G. website at hig.com.

 

*Based on total capital raised by H.I.G. Capital and affiliates.

 

For over 20 years, Silver Point Finance (“SPF”) has been an active participant in the direct lending market, providing customized financing solutions to middle-market companies across a broad range of industries. SPF's transactions support acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings and leveraged recapitalizations. Along with its affiliates, SPF manages approximately $12 billion in investable capital and, in 2023, agented or arranged approximately $6.2 billion in credit facilities. Silver Point Finance is the direct lending business of Silver Point Capital, L.P., a leader in global credit investing that oversees the management of approximately $29 billion in investable capital. For more information, please visit silverpointfinance.com.