BB&T Capital Markets Serves as Co-Financial Advisor to Southfield Capital in its sale of Hallcon Corporation to NOVACAP
On August 4, 2015, Southfield Capital, a leading lower middle market private equity firm, completed the sale of Hallcon Corporation (“Hallcon”) to NOVACAP. BB&T Capital Markets served as the co-financial advisor to Hallcon.
About the Companies
With corporate offices in Toronto, Ontario and Lenexa, Kansas, Hallcon provides comprehensive outsourced solutions for rail, oil and gas, mining, airline and commuter employee transportation. In addition to employee transportation, Hallcon provides passenger rail coach, bus and train station cleaning and maintenance services to municipal, regional, and national passenger rail and transit providers.
Southfield Capital is a private equity firm that invests in exceptional, growing companies in the lower middle market. The firm makes control investments in North American companies generating $4 - 12 million in EBITDA with proven business models, attractive growth and profitability trends, and strong leadership.
NOVACAP, is a Montreal-based private equity firm focused on investing in middle market businesses in traditional industries.
Logistics & Transportation Services
BB&T Capital Markets' Logistics & Transportation Group provides M&A, capital raising and corporate banking services to companies in the logistics and transportation industry, including third-party logistics providers (freight forwarding, contract warehousing, truck brokerage), trucking (truckload and LTL), marine transportation (inland barge and international shipping), railroads, transportation equipment and waste services. BB&T’s Logistics & Transportation Corporate Banking Team manages in excess of $2.1 billion of assets, comprised by more than 50 industry relationships. The team specializes in delivering corporate finance and equipment finance solutions to industry participants spread across all sectors of the transportation industry.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.