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Hudson Ferry Capital invests in Contrax Furnishings

Private equity firm Hudson Ferry Capital has made an investment in Contrax Furnishings, a provider of classroom, technology and administrative furniture for educational and institutional markets.

Contrax provides design, consulting, project management, and installation services to public and private schools, colleges and universities.

William I. Latham III, chief executive, and John G. Crawford, president, acquired the business in 2001. Since that time, they have executed a geographic expansion of the company’s business to more than 20 major markets across the country.

"We are delighted to partner with the professionals at Hudson Ferry Capital. They bring a wealth of experience and business acumen from having worked with dozens of companies over the past 25 years. We look forward to having them assist in growing our business," says Latham.

Concurrent with HFC’s investment, Carl Hedlund has been appointed to the new role of chairman of the board. Hedlund is an operating partner at Hudson Ferry Capital, following a long career at Owens Corning Fiberglass and Fortune Brands, where he was most recently chief executive of Therma-Tru Doors.

"Contrax Furnishings has developed a unique model in the school furnishings sector. We believe that our capital, combined with an execution strategy developed jointly with Bill and John, will enable the company to expand its market share in the next few years, resulting in significant sales and profitability growth," says Mark Deutsch, an HFC partner.

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