Hallcon Corporation http://www.hallconcorp.com, a Toronto, Ontario-based provider of specialty outsourced services to the railway and transit sectors in North America, has received a majority investment of undisclosed amount from Southfield Capital Advisors.
Following the transaction, the senior management team will continue in their current roles and will maintain a minority ownership position in the company.
Founded in 1954, Hallcon provides rail operators with a complete outsourced solution for their crew transportation operations and manages its customers’ trip booking, dispatching, billing and reporting, using its proprietary software platform. In addition, the company provides passenger coach and train station cleaning for commuter rail systems in North America.
Commenting on the transaction Tony Plut, President and CEO of Hallcon, said: “In addition to helping us manage our current growth, we believe Southfield Capital will help us identify and pursue new opportunities and assist us in implementing best practices across the entire platform.
“In collaboration, we expect to be able to continue on our exciting growth path and to fortify our industry leading position in North America”.
FinSMEs
05/05/2011