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Crothall Services has grown to be one of the
largest U.S. providers of specialized
housekeeping and facilities management
services to large public and private medical
centers across the country. With its highly
capable management team, the Company has
sustained a compound rate of growth in its
business of over 35% per year. This transaction
will help the Company continue that trend.
Source Capital, Ltd. assisted the Company with
identifying and contacting prospective buyers,
and on various matters relating to negotiating
the sale of the subsidiary. The transaction freed
necessary capital and resources to enable the
Company to concentrate on continuing the
rapid growth of its core business.
Source Capital, Ltd. offers an integrated
approach to addressing issues and
implementing solutions involving wealth
planning, growth strategy, company
capitalization and operational effectiveness for
principal owners of privately-held, mediumsized
businesses.
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This announcement appears as a matter of record
only. July 2000
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