If anything, the pandemic has reinstated the importance of sanitation and hygiene to the world population. People are becoming more concerned about maintaining personal hygiene. This is basically what United Site Services‘s products stand for.
USS is the leading portable sanitation solutions vendor in the United States with products like portable restrooms, portable hand washing sinks, roll off dumpsters etc. “USS provides these essential services for more than 100,000 customers across 25 states (in the US) every year.” according to Rental Equipment Register.
The pandemic has increased the demand for USS’s products. For example: –
- To set up makeshift Covid-19 shelters, you need portable restrooms and sinks.
- To wash your hands when you’re out a portable sink every few miles would be great.
- To control crowds and ensure proper distance between people, you could use the temporary fence.
This has actually reflected in their valuation. Platinum Equity, which owns USS is planning to sell it for around $4 Billion. It bought USS for $1.5 Billion in 2017 from Calera Capital. It now has 12-month EBITDA of $300 million according to Reuters.
Moody’s expects the company will continue to benefit from strong market demand in the route based sanitation sector, recognize benefits from recent cost actions and acquisitions, and drive margin improvement. Read more here.