United Site Services Names New CEO and CFO
Asterios Satrazemis and Scott Jamroz join company to lead next phase
WESTBOROUGH, Mass.–(BUSINESS WIRE)–United Site Services (USS), the nation's leader in portable sanitation
and temporary fence rental services, announced this week the appointment
of Asterios Satrazemis as CEO and Scott Jamroz as CFO.
Mr. Satrazemis succeeds Ron Carapezzi, who has served as President and
CEO since 2009. Mr. Carapezzi will transition into the role of Chairman
and is expected to remain a meaningful equity partner in the business.
United Site Services was acquired by Platinum Equity in August 2017.
“Under Ron’s leadership as CEO, USS achieved remarkable growth and is
well positioned to take the next step,” said Platinum Equity partner
Louis Samson. “We thank Ron for his contributions and are pleased the
business will benefit from his continued support and partnership.”
Most recently, Mr. Satrazemis and Mr. Jamroz held the CEO and CFO roles,
respectively, at BlueLine Rental. BlueLine was the fourth largest
general equipment rental provider in North America. The two executives
led a turnaround of BlueLine under Platinum Equity’s ownership that
resulted in the $2.1 billion sale of the business to United Rentals in
the fourth quarter of 2018.
“Since we acquired USS, the business has proven to be a strong platform
for growth, both organically and through M&A, with significant untapped
potential ahead,” said Mr. Samson. “Asterios is the perfect fit to drive
the next phase of the company’s evolution. As we saw first-hand with the
success of BlueLine, he’s an outstanding leader and a terrific partner.
We are excited to work with him again.”
Mr. Satrazemis brings a depth of experience in the rental industry to
USS, not just in the general equipment space, but in the specialty
sector as well. Prior to serving as CEO of BlueLine, Satrazemis was
President of the Americas for Aggreko, a leader in temporary power and
temperature control solutions.
“No other site services provider has the legacy and reach of USS,” said
Mr. Satrazemis. “I’m excited for the opportunity to lead the team in
expanding our position as the leading player in the market while
continuing to deliver a best-in-class experience for our customers.”
Mr. Carapezzi said he’s grateful for the experience he’s had and excited
about the company’s future.
“I feel fortunate for the opportunity I had to lead USS over the past
decade as it grew into a market leader in portable sanitation,” said Mr.
Carapezzi. “I have the utmost confidence that we are well positioned for
the next phase of growth led by Asterios and the leadership team.”
About United Site Services
United Site Services, a Platinum Equity company based in Westborough,
Massachusetts, is the nation's leader in the portable toilet and
temporary fence rental services. It boasts the nation's largest fleet of
portable sanitation equipment and has over 100 locations across the
country. Learn more at www.unitedsiteservices.com
About Platinum Equity
Founded in 1995 by Tom Gores, Platinum Equity is a global investment
firm with approximately $13 billion of assets under management and a
portfolio of approximately 40 operating companies that serve customers
around the world. The firm is currently investing from Platinum Equity
Capital Partners IV, a $6.5 billion global buyout fund, and Platinum
Equity Small Cap Fund, a $1.5 billion buyout fund focused on investment
opportunities in the lower middle market. Platinum Equity specializes in
mergers, acquisitions and operations – a trademarked strategy it calls
M&A&O® – acquiring and operating companies in a broad range of business
markets, including manufacturing, distribution, transportation and
logistics, equipment rental, metals services, media and entertainment,
technology, telecommunications and other industries. Over the past 23
years Platinum Equity has completed more than 250 acquisitions.
United Site Services