Novacap announces the sale of Hallcon
July 06, 2022
Novacap Industries IV has completed the sale of Hallcon to GCM Grosvenor, a global alternative asset management solutions provider, investing through its Labor Impact Strategy, and Blue Wolf Capital Partners LLC, a New York-based private equity.
Hallcon is a leading provider of mission-critical, productivity-enhancing, tech-enabled outsourced transportation services in private and public transit.
Novacap, through its investment in the company in June 2015, partnered with Hallcon's management to grow share of wallet with existing customers in Canada and the U.S. and expand both organically and through acquisitions into adjacent markets.
We wish all parties a successful partnership in this new venture.