84 Year-Old Leading National Commercial Cleaning Company receives $5 Million Strategic Financing to Fund Aggressive Growth in the Eastern U.S. and Canada
Online PR News – 17-May-2016 – New York, NY – Leading commercial cleaning and outsourced facility maintenance company, Capital Contractors, Inc. recently closed on a $5 million financing facility from its current majority owner, an affiliate of Palladium Equity Partners, LLC.
Founded in 1932, Capital Contractors will use the proceeds from the financing to continue to expand its sales, operations and customer service resources in its leading territories along the entire U.S. eastern seaboard and midwest, as well as across all of Canada.
Capital Contractors also continues to invest in the latest cleaning technologies such as UVC disinfection equipment for its leading germ-eradicating sanitizing cleaning programs for schools, healthcare facilities, restaurants and workplace environments.
"Palladium's continued support and financing validates the progress that Capital has made under our strategic growth plan and provides us the needed resources to accelerate our growth. We continue to see significant market share gains across our key target segments: Commercial/Residential Property Management, Hospitality, Education and Healthcare as well as our newly launched Restaurant and Food Service Division," said Peter Sheldon, Capital's President and Chief Operating Officer.
Doug McQuarrie, Vice President of Capital Contractors Canada, added, "At Capital Contractors Canada, we are driven to attain extraordinary results for all our Canadian clients. It is our strategy to be proactive in dealing with all client needs, lower their facility costs and increase efficiency. Our Canadian team has in depth knowledge of our market, and its distinct geographic, weather and wage demands across all Provinces. We make it our mission to be on top of all our client requirements and provide effective solutions to attain the highest standard of performance."
About Capital Contractors, Inc.
Capital Contractors provides customers in the United States and Canada with the highest quality, outsourced commercial cleaning and facility management services utilizing the most experienced, well-trained employees and service partners, and employing modern, best-in-class cleaning practices with a special focus on green, environmentally sustainable and maximal disinfecting technologies. Founded in 1932, Capital Contractors provides general commercial cleaning as well as specialty floor care and other related specialty services to the healthcare, education, restaurant, retail, financial services, auto dealership, industrial, general office and commercial and residential property management markets. For more information, please visit www.capitalcontractors.com
About Palladium Equity Partners, LLC
Palladium is a middle market private equity firm with approximately $2 billion in assets under management. The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight. Since its founding in 1997, Palladium has invested over $1.5 billion of capital in more than 25 platform investments and over 50 add-on acquisitions. The firm focuses primarily on buyout equity investments in the range of $50 million to $150 million. The principals of the firm have significant experience in financial services, business services, food, healthcare, industrial and media businesses, with a special focus on companies they believe will benefit from the growth in the U.S. Hispanic population. Palladium is based in New York City. For more information, visit www.palladiumequity.com.