NEW YORK, NY, June 21, 2011 /24-7PressRelease/ -- Hudson Ferry Capital is pleased to announce the final closing of Hudson Ferry Capital II, L.P. ("HFC II") with capital of $155 million. HFC II is a Small Business Investment Company ("SBIC") licensed by the Small Business Administration and is focused on making "buy-in" investments in established, family-owned U.S. businesses. Hudson Ferry defines "buy-ins" as control investments with existing managers who retain substantial ownership positions. This creates a true partnership with a common goal of transforming a small or regional business into a large, integrated enterprise, thereby creating significant growth and value.
"Growth in the US economy will come from innovative lower middle market companies that provide a necessary and differentiated product or service. It is our job to find these companies and leverage our capital and extensive private equity experience to drive these businesses to their next level. We believe that Hudson Ferry Capital is well positioned to be a preferred capital partner in this market segment," said Stephen Fisher, an HFC partner.
HFC II has made two portfolio investments, Contrax Furnishings (www.contrax.com) and Mason Dixon Energy (www.mdenergy.com), both of which closed in March 2010. In addition, Hudson Ferry Capital continues to manage its investment in ASAP Industries (www.asapind.net), an investment made by Hudson Ferry Capital, L.P. in December 2008.
About Hudson Ferry Capital
Hudson Ferry Capital (www.hudsonferry.com) 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. The principals of Hudson Ferry have invested in 27 companies that participate in industries such as niche manufacturing, building products and business services. As a trusted financial partner, Hudson Ferry can provide liquidity to current owners, provide capital to execute a growth strategy and partner with management to build larger, more integrated businesses.
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Hudson Ferry Closing Press Release PDF