Contact Us

Hollister Whitney Purchased by California Firm

Hollister Whitney
Ben Braun

One of Quincy’s long time companies, Hollister Whitney, has announced a purchasing agreement with a California firm.  Vice President of Hollister Whitney Frank Musholt announced Thursday that Hollister Whitney Elevator Corporation along with other affiliates, GAL and GAL Canada, have reached an agreement with Golden Gate Capital (GGC), a leading private equity investment firm in San Francisco, California.  Golden Gate Capital has signed a definitive agreement to make a majority equity investment in the Companies. Terms were not disclosed.

Musholt stated “We are very excited with this opportunity to partner with Golden Gate Capital.  This partnership will provide new opportunities for us to expand our operation and continue to grow in our marketplace.  We anticipate no change in the management or the personnel of our team and will operate in a business as usual mode both before and after the investment by Golden Gate Capital”.

Hollister Whitney employs approximately 325 workers and is located at 2603 North 24th street in the Schneidman Industrial Park. The company was founded in 1899 by Edward Evert Hollister, building and installing hydraulic elevators. Frank H. Whitney joined the company in 1906.

Best of Y101

Recommended for You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://y101radio.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Y101 Rewards quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Y101 Rewards contests, events, coupons, presales, and much more delivered to you for FREE.