News Story
United Site Services Names Kevin Bruce as New CEO
Westborough, Massachusetts
August 8, 2007 |
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United Site Services, Inc. (USS), the nation's leading provider of portable restroom services, temporary fence, power and storage, has named Kevin Bruce as president and CEO, replacing Terry Bellora, who will continue for a period of time, in a strategic position supporting the company in acquisitions, transition and industry relations.
USS was purchased by DLJ Merchant Banking Partners in June 2006. Ed Johnson, a Managing Director of DLJ Merchant Banking Partners said, “When we purchased USS in 2006, Terry had agreed to stay on as the CEO until his successor was named, and we are grateful to Terry for his leadership and dedication to USS during this transition period from one owner to another. Working with Terry and the rest of the Board, we are very pleased to announce Kevin Bruce as Terry’s successor, and we are confident that Kevin can continue to build on the positive momentum that Terry and his team have created.”
“Terry has led USS through unprecedented growth during his tenure and helped develop the national footprint USS enjoys today,” said Bruce. “I’m excited to build on this legacy through acquisitions and continued improvements in efficiency, productivity and customer service.”
A seasoned distribution and service-based business executive, Bruce previously served as CEO of Strategic Equipment and Supply Corporation (Strategic), one of the foodservice industry’s leading providers of equipment, services and supplies. Under Bruce’s direction, Strategic achieved record levels of revenue, profit and customer satisfaction. He spearheaded the company’s growth strategy and focused on creating value in terms of purchasing power and operational efficiency. Prior to his five years with Strategic, Bruce served as a senior officer with several multi-billion dollar corporations including LSG Lufthansa/Sky Chefs, Pulte Corporation and PepsiCo. Bruce received his Bachelor of Science and MBA from the University of Southern California.
“The site services industry is a dynamic and expanding market,” added Bruce. “As the established leader, USS is poised for even more growth and success. Moving forward, we plan to vigorously invest in technology and product initiatives to ensure excellent service for our customers and a great working environment for our employees.”
About United Site Services
United Site Services (USS) is the largest provider of portable restrooms, temporary fence, storage, erosion control, power, sweeping and other site services. Based in Boston, USS has more than 50 branch locations with 1,500 employees nationwide. Founded in 1999, USS has experienced unprecedented growth through excellence and aggressive acquisitions of proven local providers. Customer segments include commercial construction; residential construction; infrastructure construction; agriculture; special events; Federal, State and Local governments; military; and commercial establishments. For more information visit www.unitedsiteservices.com.
About DLJ Merchant Banking Partners
DLJ Merchant Banking Partners ("DLJMB") is a leading private equity investor that has a 21-year record of investing in leveraged buyouts and related transactions across a broad range of industries. DLJMB, with offices in New York, London and Los Angeles, is part of Credit Suisse's Alternative Investments business, one of the largest alternative asset managers in the world, with more than $137 billion of assets under management. Alternative Investments, which is part of the Asset Management business, is comprised of a diverse family of funds, including private equity, leveraged buyouts, mezzanine, real estate, secondary funds and fund of funds, as well as the businesses covering hedge funds (both direct and fund of funds), leveraged loan and collateralized debt obligation investment programs, core real estate funds, and quantitative investment and volatility management products.
About Credit Suisse
As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com
In its Asset Management business, Credit Suisse offers products across the full spectrum of investment classes, ranging from equities, fixed income, and multiple asset-class products to alternative investments such as real estate, hedge funds, private equity and volatility management. Credit Suisse's Asset Management business manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients ranging from governments, institutions, and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse's asset management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world.