Contrax Furnishings, a Gainesville, Fla.-based provider of furnishings and equipment to educational institutions, hass raised an undisclosed amount of private equity funding from Hudson Ferry Capital. McGladrey Capital Markets advised Contrax on the deal.
PRESS RELEASE
Hudson Ferry Capital, a private equity firm based in New York, has invested in Contrax Furnishings, a supplier of furnishings and equipment to educational institutions. The transaction was completed on March 16, 2010 and terms were not disclosed.
McGladrey Capital Markets LLC led the negotiations and acted as the exclusive financial advisor to Contrax Furnishings.
“The investment of financial and human capital in Contrax by Hudson Ferry, along with the continued efforts of the management team in place, will ensure Contrax continued growth,” said Bruce Manchester, senior managing director at McGladrey Capital Markets.
About Contrax Furnishings
Contrax Furnishings is a full service provider of classroom, technology and administrative furniture for educational and institutional markets. Contrax provides design, consulting, project management, and installation services to public and private schools, colleges, and universities.
About Hudson Ferry Capital
Hudson Ferry Capital is a New York-based private equity firm that specializes in investing in lower middle market companies. The firm partners with entrepreneurial owners and managers of established privately owned companies that are differentiated through product or process innovation.
About McGladrey Capital Markets
McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm’s services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in many distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
McGladrey Capital Markets is affiliated with RSM McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world’s preeminent tax services provider. McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA
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