RECENT RELEASESU.S. Silica Company
U.S. Silica Company (“USS”) was the second largest producer of industrial sand in North America with 22% market share and the #1 or #2 positions in most of its local markets. The company supplied well-diversified, growing end markets including glass, building products, fillers/extenders, foundry, chemicals, oil and gas, matrix materials and ceramics.
Harvest Partners Investment
In August 2007, Harvest purchased USS with the existing management team. To fund the acquisition Harvest arranged the debt financing, which included a senior credit facility and a second lien financing. In addition, Harvest arranged equity co-investment capital for the transaction. Harvest sold its investment in US Silica to Harbinger Capital Partners in October 2007.
- Strong brand and market leader
- Steadily growing industry
- Proven management team