Hudson Ferry Capital has made an investment in Soft-Tex International, a manufacturer, importer, and distributer of bedding products. This transaction closed on May 16, 2014.
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, NY headquarters, Soft-Tex has a distribution facility in Charlestown, SC and a showroom in New York, NY (www.soft-tex.com).
“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 Hudson Ferry Partner Bruce Robertson.
Hudson Ferry Capital invests in lower middle market companies with revenues of $25 million to $300 million and EBITDAs of $5 million to $40 million. Sectors of interest include: niche manufacturers; building products companies; business services providers; and outsourcing providers. The firm is currently investing through its second fund, Hudson Ferry Capital II with capital commitments of $155 million, which closed in June 2011. Hudson Ferry was formed in 2006 by Mark Deutsch, Stephen Fisher, Paul Huston, Bruce Robertson and Timothy Ross. The firm is based in New York, NY (www.hudsonferry.com).
Soft-Tex was advised by Avalon Securities and its legal counsel was Couch White. Hudson Ferry Capital was represented by DLA Piper. KeyBank provided financing as part of the transaction.
2014 PEPD • Private Equity’s Leading News Magazine • 6-12-14
