GCM Grosvenor and Blue Wolf acquire transportation services firm Hallcon

The seller was Canadian private equity firm Novacap.

  • With Blue Wolf and GCM Grosvenor’s backing, Hallcon will be able to accelerate its expansion into new North American markets
  • TD Securities served as financial advisor to GCM Grosvenor and Blue Wolf on the deal while Houlihan Lokey served as financial advisor to Hallcon
  • Blue Wolf invests in middle-market companies

GCM Grosvenor and Blue Wolf Capital Partners have acquired Hallcon, a Chicago-based provider of mission-critical transportation services and infrastructure. The seller was Novacap, a Canadian private equity firm. No financial terms were disclosed.

Hallcon has a coast-to-coast North American footprint, with direct operations across 29 U.S. states and six Canadian provinces. With Blue Wolf and GCM Grosvenor’s backing, Hallcon will be able to accelerate its expansion into new North American markets including Seattle, Austin, Atlanta, Washington, D.C. and more. The firms also intend to enhance Hallcon’s ability to scale its electric vehicle charging infrastructure to continue supporting the evolving needs of its customers that are transitioning to electric fleets.

On the deal, John R. Stoiber, president and CEO of Hallcon, said in a statement, “We are very excited to partner with GCM Grosvenor and Blue Wolf as we accelerate the growth of our services in new geographies and expand our EV charging network across North America. Their commitment to supporting the construction of critical EV infrastructure makes them the right partners for Hallcon, and we look forward to leveraging their relationships, resources, and expertise as we execute on our growth strategy.”

TD Securities served as financial advisor to GCM Grosvenor and Blue Wolf on the deal while Greenberg Traurig, LLP served as legal advisor. Houlihan Lokey served as financial advisor to Hallcon with Blake, Cassels & Graydon providing legal advice.

GCM Grosvenor is a global alternative asset management solutions provider that has approximately $71 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, and Seoul.

Blue Wolf invests in middle-market companies.

Hallcon’s Canadian headquarters are in Toronto.