FOR IMMEDIATE RELEASE:
Irvine, CA – Laguna Tools, Inc. is pleased to announce that it received an investment from Hudson Ferry Capital, a New York-based private equity firm, on March 31, 2016. Hudson Ferry Capital partners with entrepreneurial owners and managers to make investments in established privately-owned lower middle market companies. The management team of Laguna Tools has retained a significant equity ownership in the company. Terms of the transaction were not disclosed.
“We are excited to be partnering with Hudson Ferry Capital and working with them to execute our growth plans,” said Torben Helshoj. “They are experienced investors and we look forward to working with them as we continue to expand our product lines and grow our customer base. No changes are planned with regard to our approach to the business.”
“Laguna Tools has built a great portfolio of CNC machinery and woodworking equipment and tools,” said Bruce Robertson, Partner at Hudson Ferry Capital. “We believe Torben, Catherine, Stephen and their team have done an excellent job building a company with a premier brand name. We look forward to working with Laguna to continue the company’s success.”
About Laguna Tools
Laguna Tools is an Irvine, California-based manufacturer of advanced CNC machinery and award-winning bandsaws, tablesaws, edgebanders, and other woodworking equipment.
MEDIA ONLY CONTACT:
Laguna Tools – Catherine Helshoj – VP
Phone: (949) 474-1200 / (800) 234-1976