GCM Grosvenor, Blue Wolf acquire Hallcon from Novacap

On July 5, 2022, GCM Grosvenor and Blue Wolf Capital Partners LLC announced their acquisition of Hallcon Corporation, a leading North American provider of mission-critical transportation services and infrastructure, from Canadian private equity firm Novacap.

GCM Grosvenor 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.

Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies.

With Blue Wolf and GCM Grosvenor’s backing, Hallcon will be able to accelerate expansion into new North American markets. The firms also intend to enhance Hallcon’s ability to scale its electric vehicle charging infrastructure to continue supporting the evolving needs of its customers that are transitioning to electric fleets.

Miller Thomson acted as Canadian counsel to GCM Grosvenor and Blue Wolf on the acquisition with a team led by Max Spearn (Corporate/M&A), and comprised Wuraola Dasylva, Madison Derraugh and Christopher Fallis (Corporate/M&A); Louis Amato-Gauci and Jaclyne Reive (Transportation Regulatory); David Reynolds and Nadim Elkommos (Financial Services); Eric Dufour and Reema Mahbubani (Competition); Neil Gurmukh and Andrew Etcovitch (Tax); Michelle MacGillivray and Greg Bush (Employment); Karen Durell (IP); Stuart Chaimberg (Real Estate); as well as Tamara Farber (Environmental).

Greenberg Traurig, LLP served as US legal advisor to GCM Grosvenor and Blue Wolf in connection with the transaction.

TD Securities served as financial advisor to GCM Grosvenor and Blue Wolf in connection with the transaction.

Blake, Cassels & Graydon LLP served as legal advisor to Hallcon, while Houlihan Lokey served as financial advisor.

Blakes’ team included Patrick Menda (lead lawyer); Laura Blumenfeld, Jordan Schubert (Employment); Cassandra Brown, Joe McGrade (Competition); Anthony Lanouette-Marier, Michael Checchin, Evan Krakower, Louis-Philippe Lacasse, Elykia Makwanda (Corporate/M&A); Rebecca Dawe, Fabien Lanteri-Massa, Gregory Morrison (Financial Services); Marc-Philippe Gagnon, John Leopardi (Tax); Patrick Gordon (Real Estate); Lindsay McLeod, Jessica Silverman (Pensions); Wendy Mee (Privacy); Renee Tousignant (IP).