News

Oct 16, 2023

LOGISTEC Corporation enters into definitive agreement to be acquired by Blue Wolf Capital Partners

LOGISTEC shareholders to receive $67.00 in cash per share pursuant to the transaction

Blue Wolf to Maintain Head Office in Québec With Significant Investment for Future Growth Initiatives

Montréal, Québec, October 16, 2023 – LOGISTEC Corporation (TSX: LGT.A LGT.B) (“LOGISTEC” or the “Corporation”) today announced that it has entered into an arrangement agreement (the “Arrangement Agreement”) with 1443373 B.C. Unlimited Liability Company (the “Purchaser”), an entity owned by certain funds managed by Blue Wolf Capital Partners LLC (“Blue Wolf”) in partnership with Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, pursuant to which the Purchaser will acquire all the issued and outstanding shares of the Corporation for $67.00 in cash per share, representing a total enterprise value of approximately $1.2 billion, subject to customary closing conditions.

The Arrangement Agreement is the culmination of an extensive and robust review of strategic alternatives available to maximize shareholder value that was conducted by a Special Committee of independent directors of the Corporation at the request of its principal shareholder, Sumanic Investments Inc.

The consideration offered under the transaction represents a 61.2% premium to the unaffected 20‑day volume-weighted average trading price per Class A Common Share and a 62.2% premium to the unaffected 20-day volume-weighted average trading price per Class B Subordinate Voting Share on the Toronto Stock Exchange on May 19, 2023, the last trading day prior to the announcement of the strategic review process, and a 14.5% premium to the 20-day volume-weighted average trading price per Class A Common Share and a 9.9% premium to the 20-day volume-weighted average trading price per Class B Subordinate Voting Share on the Toronto Stock Exchange on October 13, 2023.

“Since my father started this business more than 70 years ago, we have grown into industry leaders,” said Madeleine Paquin, President and Chief Executive Officer of LOGISTEC. “As we enter this next phase of our journey, we will continue to build a sustainable future by facilitating trade, handling our customers’ goods safely, and protecting our environment as well as our water resources for the next generation. We see significant opportunity to collaborate with Blue Wolf to drive value creation for our people, our customers, and our communities while rewarding our existing shareholders with an attractive cash consideration providing immediate and fair value for their shares.”

“After a comprehensive and rigorous strategic review process, we are pleased to have agreed terms on a transaction with Blue Wolf that has the full support of LOGISTEC’s Board of Directors and Special Committee,” said J. Mark Rodger, LOGISTEC’s Chairman of the Board of Directors and of its Special Committee. “After careful deliberation, the Special Committee and the Board of Directors have unanimously concluded that the transaction is fair to LOGISTEC’s shareholders and is in the best interests of LOGISTEC and its employees and other stakeholders.”

Logistec will Remain a Quebec Based Business with Significant Blue Wolf Investment

“Blue Wolf is excited to enter the Québec market with this acquisition, which represents excellent prospects for continued growth for both of the Corporation’s business segments and throughout North America,” said Bennet Grill, Principal at Blue Wolf. Natalie Marjancik, Partner at Blue Wolf, added, “We are committed to maintaining LOGISTEC’s core values of quality and innovative services, respect for people and the environment. We look forward to continued growth and working alongside the current management teams in place in Québec and elsewhere.”

Blue Wolf’s business plan is anchored in making significant contributions to the business and to the Québec and Canadian economy, including:

Maintaining LOGISTEC’s head office in the Province of Québec;
Working with the current management teams to drive continued growth in the operations and employment of the business;

Future investment of more than $200 million in capital expenditures and growth initiatives; and

Continuing contributions to current charitable and social causes in Québec supported by LOGISTEC.

Other Investment Partners

Blue Wolf is funding its portion of the purchase price with capital it manages on behalf of its limited partners via private equity fund capital as well as select co-investors, together with an additional preferred investment in the Purchaser by Stonepeak.

“The specialized services LOGISTEC provides through its terminal operations to a diversified global customer base make it a quality infrastructure asset,” said James Wyper, Senior Managing Director at Stonepeak. “Between its Marine Services and Environmental Services business, which is focused on rehabilitating aging water infrastructure and remediating soil, we believe in the compelling opportunities for growth and in the future success of LOGISTEC. We are excited to support the Corporation, in partnership with Blue Wolf, in its next chapter.”

The gouvernement du Québec through Investissement Québec is in discussion with Blue Wolf for a potential investment in the Corporation,” said Guy LeBlanc, President and CEO of Investissement Québec (“IQ“). “IQ’s potential participation in the Corporation will support Blue Wolf’s commitment to maintain LOGISTEC’s headquarters and operations in Québec and to continue to make investments in Québec. We would like to thank and congratulate the Paquin Family for having built a sector champion solidly anchored in Québec.”

LOGISTEC Board Recommendation

LOGISTEC’s Board of Directors has evaluated the Arrangement Agreement with the Corporation’s management and legal and financial advisors, and following the receipt and review of the unanimous recommendation of the Special Committee, the Board of Directors has unanimously determined that the transaction is in the best interests of LOGISTEC and is fair to its shareholders, and unanimously recommends that LOGISTEC’s shareholders approve the transaction.

Each of TD Securities Inc., as exclusive financial advisor to the Corporation, and Blair Franklin Capital Partners Inc., as independent financial advisor to the Special Committee, has provided a fairness opinion to the Board of Directors and the Special Committee, respectively, to the effect that, as of the date thereof, and based upon and subject to the assumptions, limitations and qualifications stated therein, the consideration to be received by LOGISTEC shareholders under the transaction is fair, from a financial point of view, to such shareholders.

Transaction Details

The transaction will be implemented by way of a plan of arrangement under the Business Corporations Act (Québec) and is expected to close in the first quarter of 2024, subject to customary closing conditions, including the receipt of regulatory approvals and clearances in Canada and the United States, LOGISTEC shareholder approval and Court approval. The transaction is not subject to any financing condition.

Required LOGISTEC shareholder approval for the transaction will consist of at least 66⅔% of the votes cast on the transaction by holders of Class A Common Shares and Class B Subordinate Voting Shares voting together as a single class at a special meeting of LOGISTEC shareholders. Concurrently with the execution of the Arrangement Agreement, the Purchaser has entered into a voting support agreement with Sumanic Investments Inc., holding Class A Common Shares and Class B Subordinate Voting Shares representing approximately 77% of the voting rights attached to the issued and outstanding shares of the Corporation, and voting support agreements with each of the directors and executive officers who own shares of the Corporation, pursuant to which they have agreed to vote all shares held by them in favour of the transaction, subject to customary exceptions.

The Arrangement Agreement contains non-solicitation covenants on the part of the Corporation, subject to the customary “fiduciary out” provisions. A termination fee of $32 million would be payable by the Corporation to the Purchaser in certain circumstances, including in the context of a superior proposal supported by the Corporation. The Corporation would also be entitled to a reverse termination fee of $59 million if the transaction is not completed in certain circumstances.

Following completion of the transaction, the Corporation will become a privately held company and will apply to cease to be a reporting issuer under Canadian securities laws and the Class A Common Shares and Class B Subordinate Voting Shares will no longer be publicly traded on the Toronto Stock Exchange.

Additional information regarding the transaction will be included in an information circular that LOGISTEC will prepare, file and mail to LOGISTEC shareholders in advance of the special meeting to be held to consider and approve the transaction. Copies of the Arrangement Agreement and the information circular will be available under the Corporation’s profile on SEDAR+ on www.sedarplus.ca.

Advisors

TD Securities Inc. is acting as exclusive financial advisor to the Corporation and Blair Franklin Capital Partners Inc. is acting as independent financial advisor to the Special Committee. Rothschild & Co is acting as exclusive financial advisor to Blue Wolf. Stikeman Elliott LLP is acting as independent legal advisor to the Special Committee and Fasken Martineau DuMoulin LLP and K&L Gates LLP as legal advisors to the Corporation. McCarthy Tétrault LLP and Willkie Farr & Gallagher LLP are acting as legal advisors to Blue Wolf. Davies Ward Phillips & Vineberg LLP is acting as legal advisor to Sumanic Investments Inc.

About LOGISTEC Corporation

LOGISTEC Corporation is based in Montréal (QC) and provides specialized services to the marine community and industrial companies in the areas of bulk, break-bulk and container cargo handling in 60 ports and 90 terminals located in North America. LOGISTEC also offers marine transportation services geared primarily to the Arctic coastal trade as well as marine agency services to shipowners and operators serving the Canadian market. Furthermore, the Corporation operates in the environmental industry where it provides services to industrial, municipal, and other governmental customers for the renewal of underground water mains, dredging, dewatering, contaminated soils and materials management, site remediation, risk assessment, and manufacturing of fluid transportation products.

The Corporation has been profitable and has paid regular dividends since becoming public and payments have grown steadily over the years. A public company since 1969, LOGISTEC’s shares are listed on the Toronto Stock Exchange under the ticker symbols LGT.A and LGT.B. More information can be obtained on the Corporation’s website at www.logistec.com.

About Blue Wolf Capital Partners

Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, complex union or human capital issues, significant government presence, or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com.

About Stonepeak

Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $57.1 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to sustainably grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, social infrastructure, and real estate. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney. For more information, please visit www.stonepeak.com.

Early Warning Disclosure

As at the date hereof, Sumanic Investments Inc. (“Sumanic”) owns 5,802,578 Class A Common Shares and 6,600 Class B Subordinate Voting Shares, representing approximately 45% of the issued and outstanding shares of LOGISTEC and 77% of the outstanding votes of LOGISTEC, and currently files early warning reports pursuant to the requirements of Regulation 62-104 respecting Take-Over Bids and lssuer Bids and Regulation 62-103 respecting the Early Warning System and Related Take-Over Bid and lnsider Reporting Issues with respect to LOGISTEC. An amended early warning report, stating that Sumanic has entered into a support and voting agreement with the Purchaser pursuant to which it has agreed to vote, at the special meeting of the shareholders of LOGISTEC, in favour of the arrangement contemplated by the Arrangement Agreement will be filed with the applicable securities commissions and will be made available on SEDAR+ at www.sedarplus.ca. Further information, including a copy of the early warning report may be obtained by contacting Madeleine Paquin, director of Sumanic at 514-237-2949 and Nicole Paquin, director of Sumanic, at 514-212-2325.

Forward-Looking Statements

This press release contains forward-looking information, within the meaning of applicable securities legislation, including statements relating to the anticipated benefits of the transaction for the Corporation and its stakeholders, regulatory, shareholder and Court approvals and the anticipated timing of completion of the transaction. These forward-looking statements express, as of the date of this press release, the estimates, predictions, projections, expectations, or opinions of the Corporation about future events or results, including the ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, shareholder and Court approvals, the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the transaction and the completion of the transaction on expected terms, the impact of the transaction and the dedication of substantial resources from the Corporation to pursuing the transaction on the Corporation’s ability to maintain its current business relationships and its current and future operations, financial condition and prospects and statements relating to IQ’s potential participation in the transaction and any potential related undertakings in connection therewith. Although the Corporation believes that the expectations produced by these forward-looking statements are founded on valid and reasonable bases and assumptions, these forward-looking statements are inherently subject to important uncertainties and contingencies, many of which are beyond the Corporation’s control, such that the Corporation’s performance may differ significantly from the predicted performance expressed or presented in such forward-looking statements. The important risks and uncertainties that may cause the actual results and future events to differ significantly from the expectations currently expressed include the possibility that the transaction will not be completed on the terms and conditions, or on the timing, currently contemplated, and that it may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, required regulatory, shareholder and Court approvals and other conditions to the closing of the transaction or for other reasons; the failure to complete the transaction which could negatively impact the price of the shares or otherwise affect the business of the Corporation; the dedication of significant resources to pursuing the transaction and the restrictions imposed on the Corporation while the transaction is pending; the uncertainty surrounding the transaction that could adversely affect the Corporation’s retention of customers and business partners; the occurrence of a material adverse effect leading to the termination of the Arrangement Agreement, as well as the additional risks and uncertainties examined under business risks in the Corporation’s 2022 annual report. The transaction contemplated in this press release is not contingent on IQ’s participation in the transaction. The reader of this press release is thus cautioned not to place undue reliance on these forward-looking statements. The Corporation undertakes no obligation to update or revise these forward-looking statements, except as required by law.

For further information:

Investors
Carl Delisle, CPA auditor
Chief Financial Officer and Treasurer
LOGISTEC Corporation
cdelisle@logistec.com
(514) 985-2390

Media
Marie-Chantal Savoy
Vice-President, Strategy and Communications
LOGISTEC Corporation
Phone: (514) 985-2337
msavoy@logistec.com

For Enquiries about Blue Wolf
Anna Fernandes
Ryan Public Affairs & Communications
anna@ryanap.com
(514) 973-6016

For Enquiries about Stonepeak
Kate Beers / Maya Brounstein
Communications
corporatecomms@stonepeak.com
+1 (212) 907-5100

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Sep 20, 2023

Blue Wolf Capital Names Stephen Madsen Managing Director, Business Development

Stephen Madsen to grow Blue Wolf’s business development function and generate new investment opportunities

September 20, 2023 – NEW YORK – Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the healthcare and industrial sectors, announced today the hiring of Stephen Madsen, who will lead the firm’s business development team as Managing Director.

Mr. Madsen will be responsible for identifying unique investment opportunities, coordinating with the senior investment team to source high-potential deals and managing the intermediary selection process for portfolio company transactions. He will generate and oversee new partnerships in a wide range of industries through Blue Wolf’s diverse executive networks.

“Stephen will greatly enhance our business development efforts and deal pipeline,” said Jeremy Kogler, Managing Partner at Blue Wolf. “His extensive background in driving growth for private equity firms in various capacities will help expand our investment portfolio and reinforce the strong partnerships we forge both with our investors and sponsored companies.”

Prior to joining Blue Wolf, Mr. Madsen led the business development function at Monomoy Capital with a focus on sourcing new investment opportunities from intermediaries, family owners and corporations. Before that, he worked at Intralinks Dealnexus, an online deal sourcing and marketing platform, where he was Manager of Global Business Development & Origination. He began his career in primary investment research at Coleman Research Group and later Gerson Lehrman Group.

“Blue Wolf has an unmatched level of creativity and intelligence behind its investment capabilities,” said Mr. Madsen. “Very few firms are capable of completing transactions in as wide of a range as Blue Wolf, let alone doing so at such a high level of success.”

Mr. Madsen is a member of the PE/IB Committee for ACG New York and graduated from Columbia University in 2008 with bachelor’s degrees in both History and Italian.

About Blue Wolf Capital Partners

Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, complex union or human capital issues, significant government presence, financial or operational distress, or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com..

Media Contacts

Kate Spaziani
Director, Government Affairs and Communications, Blue Wolf Capital Partners
kate@bluewolfcapital.com

Sam Reinhardt
Vice President, Global Strategy Group
sreinhardt@globalstrategygroup.com
212-392-5270

Jun 16, 2023

Blue Wolf Capital Partners Donates $27,000 to Monette, Arkansas Storm Shelters

June 08, 2023 – MONETTE, Ark. – Blue Wolf Capital Partners, LLC (“Blue Wolf”) announced today its commitment to support the community of Monette, Arkansas, with a donation of $27,000 to the City of Monette Community Relief Fund. On Friday, December 10, 2021, Monette was struck by a devastating EF4 tornado. The community created the fund to help with immediate support and improved community safety.

The donation from Blue Wolf will be used to support the installation and maintenance of storm shelters in the area, helping to keep the community safe in the event of future natural disasters. This funding comes at a critical time, as Monette and the surrounding areas continue to recover from the storm’s impact.

“Blue Wolf is honored to support the people of Monette in their ongoing efforts to rebuild and recover from the tornado,” said Jeremy Kogler, managing partner at Blue Wolf. “We believe in giving back to the communities where we live and work, and we are proud to support the City of Monette Community Relief Fund in their efforts to provide vital resources to those in need.”

The City of Monette Community Relief Fund has been instrumental in providing support and resources to local residents and businesses affected by the storm, and Blue Wolf’s donation will help to ensure that the community has the resources it needs to protect its citizens if another storm comes.

“I would like to extend our most sincere and heartfelt gratitude to Blue Wolf Capital Partners for their generous donation of $27,000 to assist with the costs of installing new storm shelters within our city limits. Our hometown and our citizens were changed forever on December 10, 2021,” said the city of Monette Mayor Bob Blankenship. “Homes and businesses were destroyed, and lives were lost. Recovery has been a long and difficult road for us all. We have been immensely blessed with many helpers along the way. This monetary donation from Blue Wolf Capital Partners will ensure that all of our residents will have a nearby safe place to go in the event of another destructive storm. We thank you for your generosity and continued commitment to our hometown.”

Blue Wolf acquired Colson Group in February 2021, including its manufacturing facility in Jonesboro, Arkansas. In 2022, Colson built a new, 135,000 square foot facility on a 25-acre site located in Northeast Arkansas’s newest industrial park. Colson has 170 employees at its Jonesboro and Monette locations. Blue Wolf’s investments in Arkansas also include Caddo River Forests Products, Twin Rivers Paper Company, Conifex, and Carthage Forest Products.

About Blue Wolf Capital Partners

Blue Wolf is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, complex union or human capital issues, significant government or regulatory presence, financial or operational distress or the opportunity to use ESG-informed strategies.

For more information on Blue Wolf, visit their website at www.bluewolfcapital.com.

Contacts
Kate Spaziani
kate@bluewolfcapital.com

Feb 8, 2023

Blue Wolf Capital Acquires Sterling Site Access Solutions

February 08, 2023 – NEW YORK – Blue Wolf Capital Partners (“Blue Wolf”), a New York-based private equity firm, announced today that it has acquired Sterling Site Access Solutions (“Sterling” or the “Company”), a leading, vertically-integrated provider of temporary ground protection and site access services.

Founded in 1949, Sterling is one of the largest providers of mission critical site access solutions in North America. The Company offers a comprehensive suite of products and services including site planning and design, mat rentals and sales, site preparation, mat installation, and final mat removal and site restoration. Sterling operates through two manufacturing facilities in Phoenix, Illinois and Lufkin, Texas, as well as distribution yards across the U.S. Midwest, South and Northeast. The Company serves blue-chip customers in the power transmission and distribution, civil infrastructure, and energy sectors.

“As a leader in the growing market for site access solutions, Sterling has earned a reputation for quality and reliability,” said Aakash Patel, Partner at Blue Wolf Capital. “With its turnkey products and services and industry-leading production capacity, the Company is uniquely positioned to support critical infrastructure projects across North America. We are very excited to partner with Sterling to expand upon the Company’s capabilities and accelerate growth over the next several years.”

“We are pleased to be partnering with Blue Wolf to build on Sterling’s long history of innovative solutions and outstanding customer service,” said Carter Sterling, CEO of Sterling. “Since my family started this business more than 70 years ago, we have grown into an industry leader that provides safe, efficient, environmentally friendly jobsite solutions to our customers. As we enter this next phase of our journey, Sterling will benefit from Blue Wolf’s deep bench of investment and operating professionals and significant industry experience.”

“Sterling is a great fit for Blue Wolf’s portfolio,” said James Shovlin, Principal at Blue Wolf Capital. “Through our industrial sector expertise, we have a deep understanding of Sterling’s supply chain and end markets. We see a significant opportunity to collaborate with Carter and the Sterling leadership team to drive value creation through commercial and operational enhancements.”

Terms of the transaction were not disclosed.

About Sterling Site Access Solutions

Sterling is a leading North American site access contractor providing ground protection products and turnkey access solutions, including site planning & design, mat rentals & sales, site preparation, mat installation, and final mat removal & site restoration. Sterling serves a blue-chip customer base, including asset owners and general contractors in the power transmission & distribution, civil infrastructure, and energy end markets, helping them protect the environment and ensure workers’ safety on their jobsites. Sterling is committed to engineering innovative new products and services for the North American ground protection industry. For additional information, please visit Sterling’s website at https://www.sterlingsolutions.com/.

About Blue Wolf Capital

Blue Wolf Capital is a private equity firm that invests in buyouts, recapitalizations, and growth capital opportunities in middle market companies. The firm focuses on making control investments and works collaboratively to generate returns through operational and strategic experience. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators with the goal of building value for stakeholders. For additional information, please visit www.bluewolfcapital.com.

Contacts
Kate Spaziani
kate@bluewolfcapital.com

Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Ed Trissel / Arielle Rothstein
212.355.4449

Jan 3, 2023

Blue Wolf Announces Promotions

January 03, 2023 – NEW YORK – Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, today named Natalie Marjancik as a Partner of the firm, announced the promotions of James Shovlin to Principal and David Meyers and Jordan Fong to Senior Associate and expanded Kate Spaziani’s role to Director of Government Affairs and Communications.

“We are delighted to welcome Natalie as our newest Partner and to recognize the significant value she brings to the firm and its portfolio companies,” said Jeremy Kogler, Managing Partner at Blue Wolf. “We also are pleased to extend well-deserved promotions and role expansions to four team members, James, Kate, David and Jordan. Over the past year, thanks to our team’s collective experience, market knowledge and core competencies, Blue Wolf has successfully navigated a challenging global environment. We are proud of our performance and look forward to continued success.”

“I am honored to take on this expanded role and join Blue Wolf’s talented, long-standing group of partners,” said Ms. Marjancik. “Since first becoming acquainted with Blue Wolf nearly a decade ago, I’ve been impressed by the depth and investment discipline of the team, and I look forward to continue building on the firm’s proven track record of investment and operational excellence.”

Ms. Marjancik joined Blue Wolf in March 2022 as Managing Director, Capital Markets, bringing significant expertise in complex, multi-dimensional financing strategies. Prior to joining Blue Wolf, Ms. Marjancik spent almost 13 years at Lincoln International focusing on capital and debt advisory. During her time there, Ms. Marjancik served as a key advisor to corporate and private equity clients, including Blue Wolf, on the structuring and arranging of debt financings across multiple sectors, including, among others, industrials, consumer, business services and healthcare. She also assessed and rendered opinions on companies’ debt capacities and various corporate transactional matters, including financing terms and structures available to borrowers. Prior to that, Ms. Marjancik practiced corporate law at Shearman & Sterling LLP, where she advised on domestic and cross-border capital raising transactions, mergers, acquisitions, divestitures and joint ventures.

Ms. Marjancik received a B.S. with honors from Purdue University, a M.B.A. with honors from the Booth School of Business at the University of Chicago and a J.D., magna cum laude, from Boston University School of Law.

Mr. Shovlin joined Blue Wolf in 2015 and most recently served as Vice President. Currently, he serves on the Board of Directors of Blue Wolf portfolio companies C&C Forest Products, The State Group, Vicksburg Forest Products, and Welch & Rushe. Prior to joining the firm, Mr. Shovlin was an Analyst in the Restructuring group at Guggenheim Securities. He received a B.S. in Economics with concentrations in Accounting and Finance from the Wharton School at the University of Pennsylvania.

Ms. Spaziani joined Blue Wolf in 2021 as Director of Government Affairs. Prior to joining the firm, she spent more than seven years at the NewYork-Presbyterian hospital system, serving as Vice President of Communications, External Affairs, and Federal Relations, and worked in both the US House and Senate as a senior staff member. Ms. Spaziani received a B.A., magna cum laude, from Duke University and a J.D., cum laude, from Georgetown University Law Center.

Mr. Meyers joined Blue Wolf in 2020 and most recently served as an Associate. Previously he was an Analyst in the Restructuring group at Perella Weinberg Partners. Mr. Meyers received a Bachelor of Commerce with First Class Honors in Investment Management from McGill University.

Mr. Fong joined Blue Wolf in 2021 and most recently served as an Associate. Prior to joining the firm, he was an Analyst in the Industrials Mergers & Acquisitions investment banking group at Rothschild & Co. Mr. Fong received a B.A. in Economics from Hamilton College.

About Blue Wolf Capital Partners
Blue Wolf Capital is a private equity firm that invests in buyouts, recapitalizations, and growth capital opportunities in middle market companies. The firm focuses on making control investments and works collaboratively to generate returns through operational and strategic experience. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators with the goal of building value for stakeholders. For additional information, please visit www.bluewolfcapital.com.

Contacts
Kate Spaziani
kate@bluewolfcapital.com

Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Ed Trissel / Arielle Rothstein
212.355.4449

Sep 8, 2022

Blue Wolf Capital Names Eve Mongiardo Chief Financial Officer

September 7, 2022 – NEW YORK – Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, today announced that Eve Gerriets Mongiardo will be joining the firm’s senior leadership team as Chief Financial Officer (“CFO”) and Chief Compliance Officer, overseeing financial reporting, investor relations and compliance. Ms. Mongiardo, a financial and audit committee expert with over 30 years of private equity experience, most recently served as Blue Wolf’s Interim CFO.

“With the closing of Fund V, Blue Wolf continues to build a team with unparalleled talent and expertise, demonstrating our capacity to effectively manage the portfolio and deliver outstanding outcomes,” said Adam Blumenthal, Chairman and Managing Partner at Blue Wolf. “Eve will be a tremendous asset to Blue Wolf given her deep financial and operational experience, and I am thrilled to welcome her to our leadership team.”

“Eve is a seasoned executive in financial management with extensive experience in complex business environments,” said Jeremy Kogler, Managing Partner at Blue Wolf. “Since joining the firm earlier this year, Eve already has made considerable contributions to our organization, and I am delighted she will be officially joining Blue Wolf as we manage a growing investment portfolio.”

“I am so pleased to join Blue Wolf where the strategy, culture and differentiated investment approach have resulted in a strong growth trajectory and investment portfolio,” said Ms. Mongiardo. “I look forward to leveraging my experience and contributing to the future growth of the firm.”

Ms. Mongiardo is a senior executive with decades of experience leading successful initiatives and optimizing financial management processes. Prior to joining Blue Wolf, she provided consulting and advisory services, including CFO advisory services, best practice, operational excellence review and capital raising initiatives. Ms. Mongiardo spent 12 years with Irving Place Capital, where she was a Partner. Previously she held a senior role at Soros Private Funds Management and also worked for Goldman Sachs. She started her career at Deloitte, where she spent four years in the auditing practice.

Ms. Mongiardo is a Certified Public Accountant and received a B.S. from Lehigh University and a M.B.A. from New York University Stern School of Business.

About Blue Wolf Capital Partners

Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies. Leading by experience, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally and collaboratively. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators to build value for stakeholders. For additional information, please visit www.bluewolfcapital.com.

Contacts

Kate Spaziani
kate@bluewolfcapital.com

Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Ed Trissel / Arielle Rothstein
212.355.4449

Jul 5, 2022

GCM Grosvenor and Blue Wolf Capital Acquire Hallcon Corporation

Acquisition will accelerate the growth of Hallcon’s footprint through expansion into new North American markets and investment in electric vehicle charging infrastructure

July 5, 2022 – CHICAGO – GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, investing through its Labor Impact Strategy, and Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm with approximately $2.9 billion of assets under management, announced today that they have acquired Hallcon Corporation (“Hallcon” or the “Company”) from Novacap, a Canadian private equity firm. Terms of the transaction were not disclosed.

Hallcon is the leading North American provider of mission-critical transportation services and infrastructure for a broad range of customers including railroads, universities, airports, hospitals and healthcare systems, public transit, technology and industrial companies, and other large employers seeking custom transportation solutions. In addition, the Company provides essential cleaning, disinfecting, and facilities maintenance services to municipal, regional, and national rail and transit providers throughout the United States and Canada. Headquartered in Chicago, 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, the Company will be able to accelerate Hallcon’s expansion into new North American markets including Seattle, WA, Austin, TX, Atlanta, GA, Washington, D.C. and more. The firms also intend to enhance the Company’s ability to scale its electric vehicle (“EV”) charging infrastructure to continue supporting the evolving needs of its customers that are transitioning to electric fleets.

John R. Stoiber, President and CEO of Hallcon, said, “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.”

“Blue Wolf is pleased to partner with Hallcon, a leading platform in the outsourced transportation space. The Company has significant opportunity ahead to enhance its leadership position and drive growth as customers electrify their fleets,” said Jeremy Kogler, Managing Partner at Blue Wolf. “Hallcon has a reputation for best-in-class service and reliability, which is evidenced by the Company’s long-standing relationships with its blue-chip customer base. We look forward to joining the Company and GCM Grosvenor in the next phase of growth.”

“Hallcon is led by a management team of experienced operators who are well-equipped to help customers navigate the shift to electric vehicles, and our investment partner Blue Wolf shares our vision for value creation and growth,” added James DiMola, Executive Director at GCM Grosvenor. “In addition, the Company’s highly skilled workforce of drivers and dispatchers are integral to Hallcon’s success, and they do tremendous work to ensure that its customers are safe and satisfied.”

TD Securities served as financial advisor and Greenberg Traurig, LLP served as legal advisor to GCM Grosvenor and Blue Wolf in connection with the transaction. Houlihan Lokey served as financial advisor and Blake, Cassels & Graydon LLP served as legal advisor to Hallcon.

About GCM Grosvenor

GCM Grosvenor (Nasdaq: GCMG) is a global alternative asset management solutions provider with approximately $71 billion in assets under management across private equity, infrastructure, real estate, credit, and absolute return investment strategies. The firm has specialized in alternatives for more than 50 years and is dedicated to delivering value for clients by leveraging its cross-asset class and flexible investment platform. GCM Grosvenor’s experienced team of over 520 professionals serves a global client base of institutional and high net worth investors. The firm is headquartered in Chicago, with offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, and Seoul. For more information, visit: gcmgrosvenor.com.

GCM Grosvenor’s Labor Impact Strategy seeks to originate and execute infrastructure projects that leverage the inclusion of union labor as a contributing factor to enabling attractive risk-adjusted returns. The goal of the strategy is to find attractive infrastructure investment opportunities that can be unlocked through close cooperation across labor, government, and private capital.

About Blue Wolf Capital Partners

Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies. Leading by experience, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally, and collaboratively. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators to build value for stakeholders. For additional information, please visit www.bluewolfcapital.com.

About Hallcon Corporation

Headquartered in Chicago, Illinois with offices in San Jose, California, Lenexa, Kansas, and Toronto, Ontario, Hallcon is the leading North American provider of mission-critical transportation services and infrastructure for a broad range of customers including railroads, universities, airports, hospitals and healthcare systems, public transit, technology and industrial companies, and other large employers seeking custom transportation solutions. In addition, the Company provides essential cleaning, disinfecting, and facilities maintenance services to municipal, regional, and national rail and transit providers throughout the United States and Canada. The Company has a coast-to-coast North American footprint, with direct operations across 29 U.S. states and six Canadian provinces. For additional information, please visit www.hallcon.com.

Media Contacts

GCM Grosvenor
Tom Johnson and Will Braun
Abernathy MacGregor
tbj@abmac.com / whb@abmac.com
212-371-5999

Blue Wolf Capital Partners
Steve Frankel, Ed Trissel, and Arielle Rothstein
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

Apr 5, 2022

Blue Wolf Commits to Institute Employee Ownership Programs in Partnership with Ownership Works

Colson Group, A Blue Wolf Portfolio Company, Announces New Equity Participation Program

April 5, 2022 – NEW YORK – Blue Wolf has partnered with Ownership Works, a new nonprofit with a mission to increase prosperity through shared ownership at work, which launched today with the support of more than 60 partners across the private, public and nonprofit sectors. Ownership Works will develop and help implement broad-based employee ownership programs to create better work environments and financial opportunities for employees with a goal to generate at least $20 billion of wealth for working families by 2030. At the same time, Ownership Works will also help businesses improve their performance by attracting and retaining engaged employees who are invested in their company’s success. Read more about Ownership Works and Blue Wolf’s involvement as a founding partner here.

Through this partnership, Blue Wolf has made a commitment to institute employee ownership programs in at least three of our portfolio companies by the end of 2023. In alignment with that commitment, Colson Group, a Blue Wolf portfolio company, has unveiled a new equity participation program which grants employees shares in the company. Read more about Colson’s new program here.

Apr 4, 2022

Blue Wolf Capital Successfully Closes Fund V at $1.1 Billion

Oversubscribed Fund at Hard Cap Doubles Prior Fund

Fund to Continue Investment Strategy in Middle Market Companies Across Key Verticals

April 4, 2022 – NEW YORK – Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, today announced it has successfully closed Blue Wolf Capital Fund V (the “Fund”) at its hard cap. The Fund was oversubscribed with strong support from existing investors along with a diverse base of new partners, including pension funds, endowments, foundations, fund-of-funds, family offices and consultants.

The Fund will continue Blue Wolf’s investment strategy by targeting investments in middle market companies across its healthcare and industrial sectors. Through the Fund, Blue Wolf will continue to build upon its proprietary investment approach, which combines financial and operational discipline with Environmental, Social and Governance (ESG) principles. Blue Wolf has deployed this strategy across its previous funds and with this capital raise, now manages approximately $2.9 billion in assets.

“We are proud to have closed Fund V with participation from both existing and new investors, enabling us to continue to deploy capital in our core verticals,” said Adam Blumenthal, Founder, Chairman and Managing Partner of Blue Wolf. “This successful fundraise is a testament to the excellent performance our team has delivered over 17 years as we’ve executed on our differentiated and proven investment strategy. We are excited about our future with Fund V, which we are confident will be a prosperous investment program because our team and strategy are well suited to the dynamic times in which we are currently operating.”

Jeremy Kogler, Managing Partner of Blue Wolf, added, “With the significant growth in capital, we have enhanced our team and capabilities to meet the growing demands of our portfolio. We look forward to leveraging our investment team, proven operational expertise and ESG principles to strategically deploy Fund V capital and execute on our pipeline of attractive opportunities, often proprietary ones, available to Blue Wolf due to our investment approach. We are confident in our ability to continue growing our firm with a focus on creating value for our investors.”

During 2021, Blue Wolf added three new platforms to its portfolio, including the first platform for Fund V, exited three long-term investments and increased the size of its integrated team of investors and operators by 35 percent. The firm’s integrated team of investors and operating partners continue to work closely with management teams to transform middle market businesses into market leaders.

Credit Suisse Securities (USA) LLC acted as private placement advisor and placement agent for the Fund, and Kirkland & Ellis served as legal counsel to Blue Wolf.

About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies. Leading by experience, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally and collaboratively. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators to build value for stakeholders. For additional information, please visit www.bluewolfcapital.com.

Contacts
Jenny Zhu
jenny@bluewolfcapital.com
212.488.3686

Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Ed Trissel / Arielle Rothstein
212.355.4449

Mar 14, 2022

Blue Wolf Capital Names Natalie Marjancik as Managing Director, Capital Markets

March 14, 2022 – NEW YORK – Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, today announced that Natalie Marjancik will be joining the firm’s senior leadership and investment team as Managing Director, Capital Markets. Ms. Marjancik most recently served as Managing Director at Lincoln International, a leading global investment banking advisory firm, where she focused on capital and debt advisory.

“We are pleased to officially welcome Natalie, a trusted advisor who has worked with us extensively during her time at Lincoln, to the Blue Wolf team,” said Jeremy Kogler, Managing Partner at Blue Wolf. “Natalie brings deep expertise in advising companies on capital markets activities including debt and equity transaction structures, financing execution, negotiation of terms and the selection of financing providers across the sectors in which we operate. I am confident we’ll benefit from her experience and expertise as we expand on our value creation record.”

“I am excited to join Blue Wolf, a firm I’ve admired for years for its distinct approach of partnering with portfolio company management teams to deliver financial and operational discipline while prioritizing Environmental, Social and Governance principles,” said Ms. Marjancik. “I look forward to working alongside my new colleagues to advance the firm’s efforts of transforming and strengthening businesses through complex, multi-dimensional strategies.”

Prior to joining Blue Wolf, Ms. Marjancik spent almost 13 years at Lincoln International focusing on capital and debt advisory. During her time there, Ms. Marjancik served as a key advisor to corporate and private equity clients on the structuring and arranging of debt finance across multiple sectors, including, among others, industrials, consumer, business services and healthcare. She also assessed and rendered opinions on companies’ debt capacities and various corporate transactional matters, including financing terms and structures available to borrowers. Prior to that, Ms. Marjancik practiced corporate law at Shearman & Sterling LLP, where she advised on domestic and cross-border capital raising transactions, mergers, acquisitions, divestitures and joint ventures.

Contacts
Jenny Zhu
jenny@bluewolfcapital.com
212.488.3686

Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Ed Trissel / Arielle Rothstein
212.355.4449

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