Relativity Capital’s MHF Services buys BRM

MHF Services, a portfolio company of Relativity Capital, has acquired Bull Run Metal Fabricators and Engineers. No financial terms were disclosed. Based in Clinton, Tenn., BRM is a provider of specialty metal packaging for generators and shippers of radioactive materials and waste.

PRESS RELEASE

ARLINGTON, Va.–(BUSINESS WIRE)–Relativity Capital L.P. (Relativity) announced that its portfolio company MHF Services (MHF) acquired the assets of Bull Run Metal Fabricators and Engineers, Inc. (BRM), an innovative provider of specialty metal packaging for generators and shippers of radioactive materials and waste, effective December 17, 2013.
For more than 20 years, BRM has manufactured a comprehensive range of Low Level and Intermediate Level waste containers ranging from IP-1 to Type B that are regularly tested and evaluated to meet U.S. Department of Transportation and International Atomic Energy Agency standards for certification.
The acquisition of BRM enhances the size, scale and capabilities of MHF’s specialty packaging business unit, while the addition of BRM’s metal packaging product line complements MHF’s flexible packaging solutions and allows MHF to provide a full spectrum of hazardous waste packaging solutions to its customers.
Relativity acquired MHF Services in June 2009 when MHF was facing significant challenges related to its capital structure and business operations. At the time of the acquisition Relativity brought in a new, seasoned CEO, Robert Shawver, who led the management team in turning the company around in six months. Since Relativity’s investment in MHF, the company has developed a growing base of recurring revenue, increased earnings and profitability, and returned significant capital to its investors. Relativity worked closely with MHF on due diligence and structuring of the BRM acquisition.
Robert F. Shawver, President and Chief Executive Officer of MHF Services, said, “This acquisition further advances our strategy to be a leader in providing metal and flexible specialty packaging solutions for the safe movement and disposition of environmentally sensitive materials.”
Leslie Armitage, Senior Managing Director of Relativity Capital, said, “We’re extremely proud of our partnership with MHF and are excited about this latest growth milestone. The turnaround we’ve engineered with Robert Shawver and his team has been dramatic, and we look forward to working with the company as it continues its expansion and further positions itself as a leader in innovative and high quality packaging solutions.”
About MHF Services
MHF (www.mhfservices.com) is an integrated packaging, transportation and logistics provider that offers seamless solutions for generators and shippers of radioactive, hazardous, and non-hazardous waste, materials, and byproducts. The company’s customers include government agencies such as the U.S. Army Corps of Engineers, the U.S. Department of Defense, the U.S. Department of Energy, and others. MHF also provides transportation and logistics solutions to companies in the nuclear utilities, environmental services, mining, metals, chemical, and petrochemical industries.
MHF is based in Wexford, a suburb of Pittsburgh, PA, with other offices in the U.S. The company’s headquarters may be reached at 724-772-9800 or info@mhfservices.com.
About Relativity
Relativity Capital, LLC provides private equity capital to companies throughout all stages of the business cycle. They target quality investments in both healthy and distressed middle-market companies, predominately located in North America. Relativity is supported by a Strategic Advisory Board comprised of individuals with significant management and operational experience.

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