Hallcon Corp has acquired Overland Park, Kansas-based Transportation Certification Services Inc (TCS) and Rail Temps Inc, which together provide training, certification, consulting, regulatory compliance, and staffing for the rail and transit industries. No financial terms were released. Hallcon, an outsourced transportation services specialist, said the deal will position it for entry into new markets and geographies and add to its capabilities. Based in Toronto, Hallcon was acquired by Canadian private equity firm Novacap in mid-2015. Novacap and co-investors bought the business from U.S. private equity firm Southfield Capital.
Hallcon Corporation Announces the Acquisition of Transportation Certification Services and Rail Temps
Hallcon Corporation, the premier North American provider of outsourced transportation services in the public and private transit sectors, today announced the acquisition of Transportation Certification Services, Inc. (TCS) and Rail Temps, Inc. (RTI), based in Overland Park, Kansas.
LENEXA, KS (PRWEB) APRIL 21, 2017
Hallcon Corporation, the premier North American provider of outsourced transportation services in the public and private transit sectors, today announced the acquisition of Transportation Certification Services, Inc. (TCS) and Rail Temps, Inc. (RTI), based in Overland Park, Kansas. The two companies together are the premier providers of training, certification, consulting, regulatory compliance, and staffing for the rail and transit industries.
“As part of Hallcon’s continued growth and diversification, adding the unique capabilities of TCS and RTI to our portfolio of services will position Hallcon for entry into new markets and geographies within public and private transit, and will expand the value and expertise we provide to our existing customers and enhance opportunities for our people,” said Tony G. Plut, President and CEO of Hallcon.
Terese Jones, President of TCS, will lead and integrate this new line of business as part of the overall company. She will also become a member of Hallcon’s Corporate Executive Team. “I am excited to join forces with the leadership team at Hallcon to drive new growth opportunities and leverage our capabilities in building an even greater company for the benefit of all of our customers. This transaction provides tremendous potential for the overall companies’ growth, with expanded services and capabilities, and creates new opportunities for our collective teams,” said Terese Jones.
Hallcon Corporation is supported by a strong group of investors and partners, including NOVACAP, a Canadian leader in private equity.
With corporate offices in Lenexa, Kansas, Toronto, Ontario, and South San Francisco, California, Hallcon provides a broad portfolio of outsourced transportation services in private and public transit, including solutions for the rail, oil and gas, technology, airport, commuter bus and rail, and university transportation sectors. Hallcon provides rail crew transports, technology employee commuter transports, motorcoach and transit vehicle cleaning, train station cleaning, station attendant services, airport parking and rental car shuttles, university staff and student transportation, and dispatch and operations center management. More information can be found at http://www.hallcon.com.
Founded in 1981, NOVACAP is a leading Canadian private equity firm with over $1.6 billion of assets under management. The Firm’s unique investment approach, based on deep operational expertise and an active partnership with entrepreneurs, has helped accelerate growth and created long-term value for its numerous investee companies. With an experienced management team and substantial financial resources, NOVACAP is well positioned to continue building world-class companies. For more information, visit http://www.novacap.ca.
Photo courtesy of Transportation Certification Services Inc