K2 Industrial Services, a portfolio company of The Halifax Group, has been sold to ASRC Industrial Services
Lincoln acted as the exclusive financial advisor to The Halifax Group and K2, working closely with the company’s management team and shareholders throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiating and diligence phases of the transaction. Terms of the transaction were not disclosed.
K2 Industrial Services (K2) is a leading provider of mission-critical industrial cleaning maintenance and outage services, in addition to tank cleaning, industrial coatings, scaffolding and insulation services. The company maintains decades-long client relationships across a diverse array of industrial end-markets, including power, industrial manufacturing, oil and gas and commercial, and enjoys an exceptionally strong safety record and reputation for quality. K2 was established in 1995 and is headquartered in Houston with a significant presence throughout the West Coast, Midwest, Southeast and Gulf Coast regions.
ASRC Industrial Services (AIS), a wholly-owned subsidiary of Arctic Slope Regional Corporation (ASRC), is a premier provider of industrial and environmental services throughout the Continental United States. AIS is organized within three capabilities-based operating groups: Construction, Maintenance and Repair; Remediation and Response Services; and Environmental Engineering and Professional Services. The addition of K2 will enhance AIS’s Remediation and Response Services offering, as well as its Construction, Maintenance and Repair operating group, and bring with it a strong roster of entrenched customer relationships across diverse geographies and end markets.
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