Business
Westlake Securities Serves as Exclusive Advisor to Heath Consultants on the Sale of its Locate Division to USIC
Westlake Securities ("Westlake"), a leading middle market investment bank, is pleased to announce the successful acquisition of the 811 Locate Services Division of Heath Consultants ("Heath") by USIC, a national leader in underground public utility locating services jointly owned by Partners Group, acting on behalf of its clients, and Kohlberg.
About this update from Partners Group Holding Ag
[{"type":"text","content":"AUSTIN, Texas, July 15, 2025 /PRNewswire/ -- Westlake Securities ("Westlake"), a leading middle market investment bank, is pleased to announce the successful acquisition of the 811 Locate Services Division of Heath Consultants ("Heath") by USIC, a national leader in underground public utility locating services jointly owned by Partners Group, acting on behalf of its clients, and Kohlberg.","length":411,"tagName":"p"},{"type":"text","content":"Headquartered in Houston, Texas, Heath is a third-generation, family-owned business with a 90+ year legacy in methane emissions management. The divestiture of its Locate Services Division marks a strategic step in enhancing Heath's focus on innovation and leadership in methane emissions detection and management.","length":317,"tagName":"p"},{"type":"text","content":""This divestiture reinforces our commitment to our core mission—delivering exceptional value through industry-leading technology and leak detection services and further solidifies our position as a market leader in methane emissions management," said Carolyn Heath Haag, President and Chairwoman of Heath.","length":315,"tagName":"p"},{"type":"text","content":"Drew Sitgreaves, Chief Executive Officer of Heath, added, "Westlake was instrumental in driving this transaction to a successful close. Their deep knowledge of the utility services sector and proven track record with family-owned businesses brought tremendous value throughout the process. We're grateful for their partnership and expertise in navigating a pivotal milestone for our company."","length":406,"tagName":"p"},{"type":"text","content":"Westlake served as the exclusive financial advisor to Heath in this transaction.","length":80,"tagName":"p"},{"type":"text","content":"For more information about this transaction—or to explore strategic options for your company—please contact [email protected].","length":136,"tagName":"p"},{"type":"text","content":"About Westlake SecuritiesWestlake Securities is a leading middle market investment bank based in Austin, Texas, that provides a comprehensive suite of investment banking services to companies throughout the United States. The firm focuses on mergers and acquisitions, private capital placements, restructuring advisory, management and growth consulting, and on-site and ...