HOUSTON, Oct. 04, 2016 (GLOBE NEWSWIRE) -- Hennessy Capital Acquisition Corp. II (NASDAQ:HCAC) (NASDAQ:HCACU) (NASDAQ:HCACW) announced today that the Company and USI Senior Holdings, Inc. have mutually agreed to terminate the Company’s definitive merger agreement to acquire all of the outstanding capital stock of USI, which, through its subsidiaries, conducts its business under the “USI” name. The termination of the merger agreement is effective as of October 4, 2016.

“While we are disappointed by the outcome with USI, we remain highly optimistic and enthusiastic about potential acquisition opportunities in our pipeline,” said Daniel J. Hennessy, the Company’s Chairman and Chief Executive Officer. “The HCAC management team is already actively engaged in evaluating and pursuing other potential business combination opportunities consistent with our stated investment strategy.”

About Hennessy Capital Acquisition Corp. II

Hennessy Capital Acquisition Corp. II is a blank check company founded by Daniel J. Hennessy for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company's acquisition and value creation strategy is to identify, acquire and, after its initial business combination, build an industrial manufacturing, distribution or services business. For more information about Hennessy Capital Acquisition Corp. II, please visit its website at www.hennessycapllc.com.