Aurora Capital Partners and TJC, formerly known as The Jordan Company, recently recapitalized PSC Group, an embedded logistics provider offering rail, truck, and marine logistics, railcar repair, and sustainability services to the North American petrochemical industry.
Aurora’s investment is from Aurora Equity Partners V, the company reported.
Financial terms were not disclosed.
“From the onset of our investment in PSC, Joel Dickerson and the rest of the PSC team have been exceptional partners in helping execute Aurora’s strategy and operations program to expand the company’s geographic footprint and portfolio of industry-leading service offerings across North America,” Matthew Laycock, Aurora partner, said in a news release. “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.
“We are thrilled to have the opportunity to continue partnering with PSC alongside Joel and the TJC team on the many organic and inorganic opportunities we see across the business.”
Since partnering with Aurora in 2019, PSC has grown its logistics capabilities and expanded offerings such as railcar repair, railcar storage, and sustainability services for blue-chip customers. PSC also opened an advanced recycling facility in Baytown, Texas, in 2022, and now boasts more than 4,500 employees at more than 150 sites across the U.S. and Canada.
“When we partnered with Aurora, not only were we aware of their reputation and track record of success working closely with companies like PSC to accelerate their growth trajectory, but we felt a true alignment with our culture and servant leadership approach as well,” said Joel Dickerson, PSC president and CEO. “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.
“We are excited to remain aligned with Aurora as we partner with TJC to continue to expand and grow as leaders in our industries.”