Commercial cleaning and outsourced facility maintenance company, Capital Contractors, has closed on a USD5 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 US 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," says Peter Sheldon, Capital's President and Chief Operating Officer.
Doug McQuarrie, Vice President of Capital Contractors Canada, adds: "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."
