Novacap leads acquisition of Hallcon from Southfield Capital
Canadian private equity firm Novacap has acquired Hallcon Corp, a Canadian provider of specialty outsourced services to the railway and transit sectors in North America. The firm's latest fund, Novacap Industries IV LP, which last October completed a $300 million first close, carried out the undisclosed deal in partnership with the company's management team, Export Development Canada, BMO Capital Partners and other institutional partners. The seller in the transaction was U.S. private equity firm Southfield Capital, which acquired majority ownership of the Toronto-based Hallcon in May 2011. In a statement, Southfield said the company's EBITDA grew four times during its investment.
4 August 2015•4 mins read
