WASHINGTON, Oct. 27, 2021 /PRNewswire/ -- The Halifax
Group ("Halifax"), a leading
private equity firm that partners with management to invest in
lower middle-market businesses, today announced that the firm has
engaged with Charles Alutto as an
Operating Executive. In this role, Mr. Alutto will help the firm
evaluate specific investment opportunities, assist in validating
certain investment theses, and serve on the board of select
Halifax portfolio companies.
Mr. Alutto is a seasoned global executive with over 30 years of
experience creating long-term profitable growth in the healthcare
waste, B2B, logistics, and compliance services sectors. Mr. Alutto
previously spent 22 years at Stericycle, a $3.6 billion publicly traded company in the
medical waste space, where he ultimately became President &
CEO. He grew Stericycle's U.S. and European operations and
oversaw the company's robust M&A strategy. Under his
leadership, the company achieved significant revenue growth through
new service offerings, solidified its global leadership in medical
waste outsourcing and became the leader in healthcare and retail
hazardous waste and document destruction services. Earlier, Mr.
Alutto held progressive roles at Environmental Control Company,
Inc. before the company's eventual sale to Stericycle.
"We have been impressed with Charlie since our first
introduction, and he has already made meaningful contributions
helping us evaluate specific new investments and serving as an
independent board director. We are pleased to formalize his
association with our firm as we continue to enhance our value
creation strategies," said Doug
Hill, Halifax Senior Partner. "Charlie's experience
with team building and strategic planning will make him a valued
collaborator and independent resource as we work with owners and
managers to support entrepreneurial companies across all of our
investment theses."
Mr. Alutto is also CEO for Sierra Lake Acquisition Corporation
(NASDAQ: SIERU), a special purpose acquisition company. He holds a
B.S. in Finance from Providence College
and an MBA from Saint John's
University. In 2014, he was named to Institutional
Investor Magazine's All American Executive Team, and he has
been recognized as one of "75 People to Know in Chicago Healthcare"
by Becker's Hospital Review. He also serves as Chair of The
Providence College Annual Fund.
Additionally, Mr. Alutto currently serves on the Board of Directors
at Road Safety Services, Inc., in Omaha,
NE and Southern Siding Company (a Halifax portfolio company) in Jackson, GA.
Mr. Alutto commented, "I have enjoyed working with the
Halifax team and am delighted that
we share a similar approach to helping companies unlock value in
novel ways. I have seen this approach firsthand while working with
the team on several different investment opportunities and am
looking forward to continuing to deepen our relationship."
About The Halifax Group
Founded in 1999, The Halifax Group is a private equity firm that
partners with managers and entrepreneurs to recapitalize and grow
lower middle-market businesses with total enterprise values
generally between $50 million and
$300 million. Halifax specializes in equity
recapitalizations, corporate carve-outs, and management buyouts and
invests across a variety of industries, including health and
wellness, outsourced business services, and franchising. The firm
is headquartered in Washington,
D.C. and maintains an office in Raleigh, NC. For more information, please
visit www.thehalifaxgroup.com.
Contact:
Caroline
Luz
Lambert & Co.
203-656-2829
Cell: 203-570-6462
cluz@lambert.com
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SOURCE The Halifax Group