The Halifax Group, a 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, 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.

Alutto previously spent 22 years at Stericycle, a $3.6 billion publicly traded company in the medical waste space, where he ultimately became president and CEO.

“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.”

Alutto is also CEO of Sierra Lake Acquisition Corp. (NASDAQ: SIER) a special purpose acquisition company.

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.”