trending Market Intelligence /marketintelligence/en/news-insights/trending/3cMfb4dhHl2y3yabA6POxQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

KPS Capital to buy Harsco's Houston industrial division

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


KPS Capital to buy Harsco's Houston industrial division

Private equity firm KPS Capital Partners LP agreed to acquire Harsco Corp.'s Houston-based industrial unit IKG for $85 million in cash and notes, subject to adjustments after closing.

Harsco is a New York-listed global provider of environmental solutions for industrial waste streams for the rail sector. IKG is the last of the Camp Hill, Pa.-based company's industrial division, after it sold two other units, Harsco Industrial Patterson-Kelley and Air-X-Changers, in 2019.

Harsco will use the net cash proceeds to reduce debt.

RBC Capital Markets LLC is the financial adviser to Harsco, and Squire Patton Boggs is the legal adviser.