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.

 


This announcement appears as a matter of record only. July 2000

EXECUTIVE OFFICES
1606 Carmody Court, Suite 300
Sewickley, PA 15143
TEL: (724) 933-6600
E-mail: info@sourcecos.com

Visit our website at:
www.sourcecos.com

 

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