Caruth Capital Partners has made an investment in Pennsylvania-based SECUR LLC, a provider of packaging, transportation and disposal solutions of wastes and byproducts. No financial terms were disclosed.
DALLAS, Nov. 9, 2017 /PRNewswire/ — Middle-market private equity firm Caruth Capital Partners said today it has invested growth capital in SECUR LLC, (www.securllc.com) a rising force in the packaging, transportation and disposal of wastes and byproducts.
SECUR provides clients in industry and government with asset-based packaging, logistics and technical services that enable them safely and cost efficiently to handle a range of radioactive, hazardous, industrial and other complex wastes that are generated from environmental remediation, decommissioning and waste management activities performed globally.
Headquartered near Pittsburgh, PA, SECUR was founded by longtime innovators in the radioactive and hazardous waste industries, Jennifer and John Evanko. They have been joined at SECUR by a seasoned executive management team that worked together at the Evanko-founded MHF Logistical Solutions, Inc, a pioneer in the use of rail and intermodal transportation for waste materials. The Evankos and their management team sold the company in 2006.
“We are excited to be partnering with this proven management team in an industry that we find attractive,” said Ben deTar Wilhite, Caruth co-founder and partner. “Logistics, transportation and disposal of waste historically has been a stable industry with high barriers to entry. We believe it is an industry poised for outsized growth in the coming years.” Tim Wegener, Caruth co-founder and partner, continued, “We look to partner with outstanding management teams. We believe we are investing in the best management team in the industry. Jennifer and John have an unmatched track record, demonstrated at MHF Logistical Solutions that they grew to become the largest supplier in the industry before successfully exiting.”
Jennifer Evanko, SECUR chair and CEO, said that Caruth’s investment will help accelerate the company’s already aggressive growth strategy through the development of new packaging products and expansion of the company’s transportation container assets, railcars and service offerings.
“We are offering our customers new and innovative solutions,” she said. “We are helping them achieve more in their waste management programs at stable, predictable cost.
“We are appreciative of Caruth’s foresight and trust in us. With its support, we are aiming high,” Evanko said.
About Caruth Capital Partners
Founded by two career private equity professionals, Caruth Capital Partners (“CCP”) is a private equity firm headquartered in Dallas, Texas. The founders of CCP have invested and operated in more than 100 businesses across a wide variety of industries.
CCP looks to acquire controlling interests in lower-middle market businesses and partners with management to accelerate growth and meaningfully improve operations through disciplined value-creation methodologies.