“We were looking for a partner who could recast our company by repositioning us to be more competitive in the marketplace.
I briefly considered selling the company outright, but had developed a relationship with Frank Linsalata after years of each serving on the Board of the other’s company. I knew firsthand what LinCap had accomplished for other companies and decided to consider recapitalization. I was excited at the prospect of being able to participate in the future growth of Horsburgh & Scott both professionally and economically, while increasing my liquidity and significantly reducing my risk.”