Capital Contractors, Inc., an Islandia, NY-based commercial cleaning and outsourced facility maintenance company, closed on a $5m financing facility.
Its current majority owner, an affiliate of Palladium Equity Partners, LLC, provided the financing.
The company will use the proceeds to continue to expand its sales, operations and customer service resources in its territories along the entire U.S. eastern seaboard and midwest, as well as across all of Canada, to invest in the latest cleaning technologies such as UVC disinfection equipment for its germ-eradicating sanitizing cleaning programs for schools, healthcare facilities, restaurants and workplace environments.
Founded in 1932, Capital Contractors provides customers in the United States and Canada with general commercial cleaning as well as specialty floor care and other related specialty services to the healthcare, education, restaurant, retail, financial services, auto dealership, industrial, general office and commercial and residential property management markets.
The company is led by Peter Stone, CEO, Peter Sheldon, President and Chief Operating Officer, and Doug McQuarrie, Vice President of Capital Contractors Canada.