Founders Advises Industry Services Company in its Recapitalization by Osceola Capital

BIRMINGHAM, Ala. (September 16, 2020) – Founders Advisors (“Founders”) is pleased to announce that certain principals of Founders Advisors advised Industry Services Company (“ISC”) in its recapitalization by Osceola Capital.  Osceola Capital’s majority recap of Industry Services Company closed on August 14, 2020.  Concurrent with the transaction, ISC has completed the acquisition of Guy Nielson Company (“GNC”) and will combine operations with DG Skouse, a division of ISC.  The consolidated company is a leading national provider of industrial and refractory maintenance services, and represents the seventh platform investment for Osceola’s current fund.

Founded in 1964 and headquartered in Mobile, Alabama, Industry Services is a leading provider of industrial maintenance services, including refractory kiln maintenance, mechanical equipment and parts maintenance, and field tank services.  ISC supports customers across 31 states in the South and Midwest, with branch locations in Alabama, South Carolina, Florida, Missouri, and Louisiana.  ISC’s customer base spans a diversified group of end markets, including pulp & paper, chemicals, wastewater, power generation, incineration, cement, steel, precious metals, aluminum, and many others.  Industry Services has been owned and operated by the Hunter family for decades and is led by CEO Shawn Hunter.

Founded in 1935 and headquartered in Pocatello, Idaho, Guy Nielson is a leading provider of industrial and refractory maintenance services.  GNC supports customers across 13 states in the Pacific Northwest and Rocky Mountain regions, with branch locations in Idaho, Utah, Colorado, Oregon, and Washington.

Industry Services CEO Shawn Hunter, said, “Our team is excited to partner with Osceola to execute on our long-term growth plan.  We are at an exciting inflection point in our Company’s history, and we believe Osceola’s long track record of executing on aggressive organic and acquisition growth strategies alongside their management partners made them the ideal partner for us.  Founders’ knowledge and experience were crucial in helping us to source and select the right partner for Industry Services.”

John Sinders, Managing Director at Founders, said “It has been a  delightful experience for our team at Founders to work with Shawn and his management team during the recapitalization of the Company, and concurrent acquisition of GNC. We are  grateful to have been able to serve on this transaction, and we look forward to seeing the future success of Industry Services Company in its combination with Osceola Capital.”

About Founders Advisors, LLC

Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across technology, business services, consumer, energy, healthcare, and industrial industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services discussed herein, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SIPC. Founders M&A Advisory, LLC is a wholly-owned subsidiary of Founders Advisors, LLC. Founders Advisors, LLC does not provide investment advice. For more information, please visit

About Osceola Capital

Osceola Capital is a Tampa-based private equity firm that invests in lower middle-market services companies, typically with EBITDA of $2 million to $10 million.  Osceola has extensive experience partnering with management teams to execute buy-and-build strategies and drive long-term value creation.  For more information, please visit