CARUTH CAPITAL PARTNERS INVESTS IN SECUR LLC
Capital Infusion to Accelerate Growth Strategy for Waste Experts
“Best management team in the industry”
DALLAS, Nov. 9, 2017/PRNewswire—Middle-market private equity firm Caruth Capital Partners said today it has invested growth capital in SECUR LLC, a rising force in the packaging, transportation and disposal of wastes and byproducts.
SECUR provides clients in industry and government with asset-based packaging, logistics and technical services that enable them safely and cost efficiently to handle a range of radioactive, hazardous, industrial and other complex wastes that are generated from environmental remediation, decommissioning and waste management activities performed globally.
Headquartered near Pittsburgh, PA, SECUR was founded by longtime innovators in the radioactive and hazardous waste industries, Jennifer and John Evanko. They have been joined at SECUR by a seasoned executive management team that worked together at the Evanko-founded MHF Logistical Solutions, Inc, a pioneer in the use of rail and intermodal transportation for waste materials. The Evankos and their management team sold the company in 2006.
“We are excited to be partnering with this proven management team in an industry that we find attractive,” said Ben deTar Wilhite, Caruth co-founder and partner. “Logistics, transportation and disposal of waste historically has been a stable industry with high barriers to entry. We believe it is an industry poised for outsized growth in the coming years.” Tim Wegener, Caruth co-founder and partner, continued, “We look to partner with outstanding management teams. We believe we are investing in the best management team in the industry. Jennifer and John have an unmatched track record, demonstrated at MHF Logistical Solutions that they grew to become the largest supplier in the industry before successfully exiting.”
Jennifer Evanko, SECURChair and CEO, said that Caruth’s investment will help accelerate the company’s already aggressive growth strategy through the development of new packaging products and expansion of the company’s transportation container assets, railcars and service offerings.
“We are offering our customers new and innovative solutions,” she said. “We are helping them achieve more in their waste management programs at stable, predictable cost.
“We are appreciative of Caruth’s foresight and trust in us. With its support, we are aiming high,” Evanko said.
ABOUT CARUTH CAPITAL PARTNERS
Founded by two career private equity professionals, Caruth Capital Partners (“CCP”) is a private equity firm headquartered in Dallas, Texas. The founders of CCP have invested and operated in more than 100 businesses across a wide variety of industries.
CCP looks to acquire controlling interests in lower-middle market businesses and partners with management to accelerate growth and meaningfully improve operations through disciplined value-creation methodologies.
For more information contact – John Evanko, SECUR, john @ securllc.com and Ben Wilhite, Caruth Capital Partners, 469-551-3281 or bwilhite @ caruthcap.com
Packaging And Logistical Solution Leaders Announce Strategic Alliance
PACTEC & SECUR TO CROSS-SELL PRODUCTS/SERVICES AND ENHANCE TECHNICAL EXPERTISE AVAILABLE TO CUSTOMERS
CLINTON, La. and PITTSBURGH, Pa., Jan. 10, 2017 /PRNewswire/ —Two leading providers of environmental products and services used to contain, transport and dispose of hazardous and radioactive materials – PacTec, Inc. (www.pactecinc.com) and SECUR, LLC (www.securllc.com) — said today that they have entered into a strategic partnership to cross-sell and support each other’s products and services. The agreement will enhance the packaging, technical and logistical expertise available to PacTec customers across a wide range of waste management, environmental restoration, decommissioning and remediation challenges.
The alliance enables environmental professionals to manage more efficiently waste management and remediation projects through single-source buying of packaging materials, project design and logistical or technical service solutions. PacTec, Inc. is known particularly for its innovative flexible packaging products while SECUR‘s products and services include all types of metal and intermodal containers as well as technical and logistical services.
“We’re delighted to be working closely with SECUR to offer more to our customers around the world,” said PacTec, Inc. Executive Vice President Mike Sanchez. “Our partnership combines the resources and experience of two great companies with decades of experience and expertise. Both PacTec and SECUR are now better equipped to offer the logistical, packaging and technical services our customers need. Our new alliance will help them be more successful.”
Added SECUR co-founder and President John Evanko, “This is a win-win for both of our companies and, more importantly, for the hazardous and radioactive waste management industry.”
The two companies said that they would jointly market their services and would exhibit together at trade shows. The companies said “significant” sales already have been generated through the cross-selling alliance.
For information about the products and services now offered jointly by PacTec, Inc. and SECUR, LLC please contact either Bill Smart at PacTec 800-272-2832 or John Evanko at SECUR 724-312-1754
ABOUT PACTEC INC.
PacTec, Inc. is the global leader in providing flexible waste packaging for the waste and transportation industry, including IP-1/IP-2 lift bags, LSA/SCO wraps and overpacs, specialty nuclear packaging, dewatering filters and tubes, tarps, liners and more. Their corporate offices are based in Clinton, LA with sales and distribution locations across America, as well as our sales office in Cumbria, UK. They also own and operate manufacturing facilities in Subic Bay, Philippines and Clinton, LA. The company has a corporate philosophy of manufacturing packaging, but engineering solutions where none exist.
With over 16 US and 1 British patents, they have built a reputation for developing innovative solutions for today’s problems. Established in 1989, they have grown from a humble operation in Clinton, LA to a global leader with over 250 employees worldwide. For more information about PacTec, Inc., visit www.pactecinc.com or call 800-272-2832.
ABOUT SECUR LLC
SECUR, LLC (www.securllc.com) is a Pittsburgh, Pa-based, woman-owned, small business that provides integrated packaging, logistical and technical support solutions for the management and disposition of radioactive, hazardous, and non-hazardous wastes and materials.
SECUR principals and team members offer a long track record of innovation and creativity to the environmental remediation and waste management industries. Its founders Jennifer and John Evanko had previously created and operated MHF Logistical Solutions Inc. starting in 1994. MHF developed pioneering waste-by-rail packaging, trans-loading and rail transportation solutions that improved safety and lowered costs for shippers. The company grew to be the leading provider of packaging, rail and intermodal transport logistics for radioactive, hazardous, and non-hazardous waste and byproducts.
Now, SECUR brings that same commitment to developing cost-effective, environmentally sound solutions that are customized to solve the specific needs of each remediation and waste management project. For more information, please call John Evanko at 724-312-1754.