Source Capital Acquires Penray Companies, Inc.

Tuesday, January 11, 2011

Source Capital, an Atlanta and San Francisco based private equity firm, has backed management in acquiring The Penray Companies, Inc.  Source Capital targets healthy, growing companies seeking a growth-oriented partner, focusing on adding value through a hands-on approach of prioritizing and executing strategic initiatives with management.  Joining Source Capital as equity partners in this transaction are Howard Laga, President, and Randy Fowler, Vice President of Sales and Marketing, both continuing on in their current leadership roles.

 


Finance

SOS from Hanjin Shipping

The creditors' extended help is crucial for survival of Hanjin Shipping Co as its negotiations with owners of chartered ships over a cut in leasing rates and to

NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically

Skaugen Goes to Red Again

Norwegian Marine Transportation Service Company I.M. Skaugen SE reported interim losses but cautiously positive and expecting a gradual recovery of trading opportunities

 
 
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