Hallcon Corporation Announces Merger with Renzenberger

LENEXA, Kan., Nov. 19, 2013 /PRNewswire/ -- Hallcon Corporation, a portfolio company of Southfield Capital, announced today that it has completed its merger with Renzenberger, Inc.

Founder and Managing Partner of Southfield Capital, Andy Levison, commented on the union, "Renzenberger has always been Hallcon's U.S. partner of choice.  This merger meaningfully expands the combined company's footprint, improves our service offering, and significantly enhances our management and operations teams.  We are now positioned to offer the highest quality service to our customers throughout North America."

Renzenberger is a leading provider of ground transportation services to crew members in the rail, oil and gas, manufacturing and airline industries in the U.S.  Over the past 30 years, Renzenberger has earned the reputation among its customers as being the gold-standard in both safety and on-time performance.

"We are excited about the merger of Hallcon and Renzenberger," said Renzenberger President, Karen Seitter.  "The companies are like-minded in their dedication to providing the highest level of safety and service.  The combination of the two companies allows us to share best practices and create a stronger organization, which will benefit both our customers and our employees."

Tony Plut, Hallcon's CEO, commented, "The Hallcon team has looked forward to partnering with Renzenberger ever since we were first introduced to its management team.  We are both leaders in our respective geographies, Hallcon in Canada and Renzenberger in the U.S., and it is our shared dedication to our customers that has led to our mutual success.  I have great expectations for what we can achieve together now that we are on the same team."

The two companies will continue to operate under the Hallcon and Renzenberger names and will maintain individual operating teams to ensure a seamless transition for their customers and employees.

About Southfield Capital

Founded in 2005, Southfield Capital provides capital for majority recapitalizations and management-led buyouts of lower middle-market businesses. The firm makes control investments in North American companies generating $5-$15 million in EBITDA with proven business models, attractive growth and profitability trends, and solid leadership. In addition, the firm just recently began managing a Small Business Investment Company ("SBIC") mezzanine fund, which targets similar types of companies as the private equity fund. Headquartered in Greenwich, CT, Southfield Capital also has an office in Los Angeles. More information on Southfield Capital can be found at www.southfieldcapital.com.

About Hallcon

Founded in 1954 and headquartered in Toronto, Ontario, Hallcon provides rail operators with a complete outsourced solution for their crew transportation operations. In addition to ground transportation, Hallcon manages its customers' trip booking, dispatching, billing and reporting through the use of its proprietary software platform.  In addition to crew transportation, Hallcon provides passenger rail coach, bus and train station cleaning to municipal, regional and national passenger rail and transit providers. More information on Hallcon can be found at www.hallconcorp.com.

About Renzenberger

Founded in 1983 and headquartered in Lenexa, Kansas, Renzenberger provides safe, dependable transportation services to customers in the railroad, oil and gas, manufacturing and airline industries in over 20 states throughout the U.S.  More information on Renzenberger can be found at www.renzenberger.com.

SOURCE Southfield Capital