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(Reuters) - Portable toilets vendor United Site Services Inc is exploring a sale that could value it at around $4 billion, including debt, as its hand wash stations business sees strong demand during the pandemic, people familiar with the matter said on Friday.
Platinum Equity LLC, the buyout firm which owns United Site Services, has hired investment bankers to advise it on a sale process, the two sources said, requesting anonymity as the matter is confidential.
United Site Services was valued at just $1.15 billion when Platinum Equity acquired the Westborough, Massachusetts-based company four years ago, according to credit ratings agency Moody's Investors Service Inc. It now has 12-month earnings before interest, taxes, depreciation and amortization of more than $300 million, according to the sources.