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GF Capital to buy Trade Service

Feb. 1, 2007
GF Capital said it has acquired Trade Service Co. LLC, San Diego. The deal was financed with a $55 million loan from Golub Capital. Trade Service did

GF Capital said it has acquired Trade Service Co. LLC, San Diego. The deal was financed with a $55 million loan from Golub Capital. Trade Service did not comment at press time.

In June 2005, a Trade Service management group bought the Trade Service business unit from i2 Technologies, Dallas, to run it as a private company. Trade Service had been a privately held company for more than 70 years when it was owned by the Simpson family. The Simpsons sold the business in late 1999 to Boston Ventures Management Inc., a Boston-based equity group. I2 acquired Trade Service from that company in 2001.

GF Capital is a New York-based merchant banking firm that focuses primarily on principal investments in operating companies and real estate. GF Capital's clients include institutions, leading entrepreneurs and executives, as well as the businesses they manage.

Trade Service Co. (TSC), is a database provider of product and pricing solutions to 18,000 subscribers, primarily in the electrical, plumbing/HVAC, automotive and office product markets.

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