CHARLOTTE, N.C. & NASHVILLE, Tenn.–(BUSINESS WIRE)–Summit Park is pleased to announce that it has led a majority recapitalization of United Structural Systems, a provider of foundation repair, crawlspace repair, and basement waterproofing services. The recapitalization also includes Titan Products (“Titan”), a sister company of USS that manufactures and distributes foundation repair and related products to service companies throughout the country.
Headquartered in Nashville, TN, USS provides foundation repair, crawl space repair, and basement waterproofing services to residential homeowners in Middle Tennessee, Southern Kentucky, and Northern Alabama, as well as to commercial customers throughout the United States. The Company enjoys a strong reputation in its markets, which was built over its 25+ year history of helping customers resolve critical issues in their homes with consistent, high-quality work.
Jim Johnson, co-Managing Partner at Summit Park, said, “We are excited to leverage Summit Park’s experience in the residential services sector to partner with USS. Chris Smith and his team have built a tremendous business with a sterling reputation in the Middle Tennessee market. We are looking forward to partnering with Chris and his team to accelerate growth and expand the company’s geographic footprint, both organically and through acquisition.”
Stephen Stites, Vice President at Summit Park, added, “Summit Park has been focused on investing in residential services for several years. We identified USS and this specific market as an area of focus due to the large, fragmented nature of the industry, the essential nature of the services provided, and the multiple ways to grow the business in partnership with Chris and his team.”
Chris Smith, President of USS and Titan, said, “My team and I are thrilled to be partnering with Summit Park to execute on our shared vision of the future for USS and Titan. From my first interaction with Summit Park, I was confident they would be the best partner to help guide the Company through its next phase of growth. Going forward, we will not waiver in our commitment to supporting our customers by keeping their homes dry and stable.”
McGuireWoods acted as legal counsel to Summit Park.
About United Structural Systems
United Structural Systems is a leading provider of foundation repair, crawlspace repair, and basement waterproofing services. USS is headquartered in Nashville, TN and primarily serves residential homeowners in Central Tennessee, Southern Kentucky, and Northern Alabama. With over 25 years of experience, USS has established itself as a leading service provider through its commitment to its customers and high-quality work. For more information, visit: https://usstn.com/.
About Summit Park
Summit Park is a Charlotte, North Carolina-based private investment firm focused exclusively on the lower middle market. The firm invests across a range of industries, including services, consumer, and industrial growth. The Firm has made over 35 investments in the lower middle market totaling more than $1.8 billion in total enterprise value. The firm’s capital can be used to facilitate a change in ownership, to support expansion and growth, to provide partial liquidity to existing owners, or to support an industry consolidation plan. For more information, visit www.summitparkllc.com.
