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Balance Sheet Cash Flow Statement 2200 Rand Bldg. Buffalo, NY 14203 NY Tel. 716-853-0802 Fax 716-854-8480 |
Type: Public
On the web:
http://www.randcapital.com
Employees:
4
Employee growth: 0.0%
Rand Capital holds interests in companies mainly in New York and surrounding states. Steering clear of startups and publicly traded firms, the business development company (BDC) focuses on small to midsized private businesses in the technology, industrial, health care, and service industries. It has stakes in approximately 20 firms and usually takes on three to five additional investments each year. The active investor usually acquires a minority stake in its target companies -- often less than 5% (investing between $50,000 and $5 million) -- and holds the investment for up to five years. Founded in 1969 by George Rand III and Donald Ross, Rand Capital manages a portfolio worth more than $13 million.
Key numbers for fiscal year ending December, 2008:
Sales: $1.5M
One year growth: (34.5%)
Net income: $0.4M
Income growth: (85.0%)
Officers:
Chairman: Reginald B. Newman II
President, CEO, and Director: Allen F. (Pete) Grum
CFO, SVP, and Treasurer: Daniel P. Penberthy
Competitors:
CVF Technologies
Harris & Harris
MVC Capital
