NEW YORK, NY, June 11, 2014 /24-7PressRelease/
-- Hudson Ferry Capital
is pleased to announce that it made an investment in Soft-Tex International, Inc. ("Soft-Tex") on May 16, 2014. Based in Waterford, New York, Soft-Tex
) manufactures, imports, and distributes numerous bedding products including bed pillows, bed toppers, mattress pads, mattresses, and pillow and mattress protectors under a number of proprietary and licensed brands. Soft-Tex was founded in 1986 by brothers Arthur and Harold Perry. In addition to its Waterford, New York headquarters, Soft-Tex has a distribution facility in Charlestown, South Carolina and a showroom in New York, New York.
"Hudson Ferry is the ideal partner for us. They negotiated with us in good faith and have the skills to augment our existing team and help take Soft-Tex to the next level," said Arthur Perry, President and Chief Executive Officer of Soft-Tex. "We are very much looking forward to growing this business over the next several years."
"We are excited to partner with Art and Harold Perry and their management team to help Soft-Tex continue its progress in designing and distributing high quality bedding products," said HFC Partner Bruce Robertson.
Soft-Tex was advised by Avalon Securities, Ltd., and its legal counsel was Couch White, LLP. Hudson Ferry Capital was represented by DLA Piper. KeyBank provided financing as part of the transaction.
About Hudson Ferry Capital
Hudson Ferry Capital
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 dozens of niche manufacturers, business services companies and outsourcing providers over the last several decades. As a trusted financial partner, Hudson Ferry can offer liquidity to current owners, provide capital to execute a growth strategy, and assist in transitioning an organization from an entrepreneurially owned business into a larger, integrated enterprise.