Houlihan Lokey Advises Hallcon

Houlihan Lokey is pleased to announce that Hallcon Corp., a portfolio company of Novacap, a Canadian private equity firm, has been acquired by GCM Grosvenor (NASDAQ:GCMG) and Blue Wolf Capital Partners LLC (Blue Wolf). The transaction closed on June 30, 2022, and will accelerate the growth of Hallcon’s footprint through expansion into new North American markets and investment in electric vehicle charging infrastructure.

Headquartered in Chicago, Illinois, Hallcon is the leading North American provider of mission-critical transportation services and infrastructure for a broad range of customers, including railroads, universities, airports, hospitals and healthcare systems, public transit, technology and industrial companies, and other large employers seeking custom transportation solutions. In addition, the company provides essential cleaning, disinfecting, and facilities maintenance services to municipal, regional, and national rail and transit providers throughout the United States and Canada. The company has a coast-to-coast North American footprint, with direct operations across 29 U.S. states and six Canadian provinces.

GCM Grosvenor is a global alternative asset management solutions provider with approximately $70 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute-return investment strategies. The firm is in its 50th year of operation and is dedicated to delivering value for clients in the growing alternative investment asset classes. The firm is investing in Hallcon through its Labor Impact Strategy, which seeks to originate and execute infrastructure projects that leverage the inclusion of union labor as a contributing factor to enabling attractive risk-adjusted returns. The goal of the strategy is to find attractive infrastructure investment opportunities that can be unlocked through close cooperation across labor, government, and private capital.

Blue Wolf is a private equity firm that specializes in control investments in middle-market companies. Leading by experience, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally, and collaboratively. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators to build value for stakeholders.

Houlihan Lokey served as the exclusive financial advisor to Hallcon and assisted in marketing, structuring, and negotiating the transaction on its behalf. This deal exemplifies the continued momentum of the firm’s Transportation & Logistics practice and long-standing track record of delivering exceptional outcomes for its clients.