(Cudahy, WI) HVH Transportation (Denver, CO) Southern Ag Carriers (Albany, GA) MILAN Supply Chain Solutions (Milan, TN) Controversies and legal issues Involvement in Connecticut political corruption In 2004 the US Securities and Exchange Commission filed a complaint against Thayer for their role in the racketeering case of former Treasurer of the State of Connecticut Paul J. Silvester. The SEC report says that in November 1998 Silvester requested that Thayer's chairman, Frederic V. Malek, hire his good friend William DiBella as a lobbyist. DiBella was paid 0.7% of the value of any investment the Connecticut State Retirement and Trust Fund placed with Thayer, this amounted to $374,500 over the course of the scheme. The SEC contended that DiBella "ultimately performed no meaningful services in connection with the Thayer IV investment and Thayer, TC Partners IV, TC Management IV, and Malek failed to take adequate steps to determine what services, if any, the Treasurer's Associate would, or actually did, perform in connection with that investment." According to the New York Times in 1999 Silvester "pleaded guilty to six acts of racketeering, including three instances of bribery and one count of conspiring to launder money” and agreed to cooperate with federal investigators in their case against DeBella and Thayer. On May 18, 2007, a federal jury found DiBella and his business North Cove Ventures "liable for aiding and abetting Silvester's intentional violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and the negligent violations by Malek, Thayer and its affiliates of Section 206(2) of the Investment Advisers Act of 1940. In its decision of March 13, 2008, the court reaffirmed the jury's findings." Roadrunner Transportation Thayer acquired shipping firm Roadrunner Transportation in 2005. Thayer initially shot for a 2008 public offering but reconsidered due to the general economic condition. In 2010 they took Roadrunner public and the firm continued to sell off its shares, in 2015 they sold 2 million shares worth $49,500,000. In 2018 two former Roadrunner Transportation controllers were indicted on charges of securities and accounting fraud occurring between 2014 and 2017 which caused alleged damages of over 245 million USD to buyers of Roadrunner Transportation stock. Tribar PFAS pollution In 2015 HCI Equity Partners acquired Michigan auto parts supplier Tribar Manufacturing. in 2018 Michigan regulators took action against Tribar for violating water pollution statutes. The pollution set a new record of 5,500 parts per