Aurora Capital Partners Completes Recapitalization of PSC Group With TJC
Summary
LOS ANGELES, April 4, 2024 /PRNewswire/ -- Aurora Capital Partners ("Aurora"), a middle-market private equity firm, today announced the closing of the recapitalization of PSC Group ("PSC" or the "Company"), a leading embedded logistics service provider offering rail, truck, and marine logistics, railcar repair, and sustainability services to critical petrochemical infrastructure across North America, with TJC, LP ("TJC"), formerly known as The Jordan Company, a middle-market private equity firm investing primarily in North America. "We are extremely proud of the transformational growth PSC has realized over the past five years, which has enabled the Company to further evolve into a full-solution outsourced logistics partner for the essential, growing petrochemical market. "Aurora has been very active and highly supportive in executing on what has been an exciting period of growth at PSC, and we are grateful for their strategic insights and guidance, which has enabled us to significantly expand our offerings and better serve our long-tenured customers. The PSC teams stable execution during turbulent times created the opportunity for us to successfully implement our buy and build strategy and further scale the platform while others paused expansion initiatives. Founded in 1991, the firm invests in middle-market companies with leading market positions, stable industry dynamics, attractive business model characteristics and actionable opportunities for growth in partnership with management.