Rock Hill News & Portfolio News
Rock Hill Capital Group Announces the Sale of Alpha Technical Services
Houston, Texas (August 17, 2017) – Rock Hill Capital Group (“Rock Hill”) today announced that it has finalized the sale of Alpha Technical Services Corporation, LC (“ATS”) to Quala, North America’s leader in bulk transportation container cleaning.
Based in Pasadena, Texas, ATS operates a full service state-of-the-art industrial cleaning facility specializing in difficult cleaning projects requiring advanced cleaning techniques. ATS has the capabilities to clean the full spectrum of railcars and containers from the most basic washout to the most complicated or hazardous project. In addition, ATS performs railcar inspections, repairs, and requalification services. ATS’s repair facility is a certified AAR M-1002 Tank Car Facility and can provide HM-216 Tank Car Qualifications. ATS also has the capabilities to perform in-plant cleaning services to the petrochemical industry.
“We have enjoyed working alongside Mike Howerton and the ATS leadership team to expand ATS’s services during our investment and believe that the Company is an industry leader in the capabilities they provide to their customers,” said Randall B. Hale, Founder and Managing Director of Rock Hill. “We believe Quala is a great partner to capitalize on ATS’s success and to expand its capabilities to additional locations and markets” continued Mr. Hale.
“We appreciate the partnership we have had with Rock Hill over the last six years and look forward to our relationship with Quala. The combination of ATS’s deep expertise in railcar cleaning combined with Quala’s broad footprint represents an exciting opportunity to continue growing outside the Gulf Coast area,” stated Mike Howerton, ATS’s CEO.
Winston & Strawn LLP acted as legal counsel and SunTrust Robinson Humphrey, Inc. acted as exclusive financial advisor to ATS.