News Releases

Heritage Capital Group Announces the Sale of Logimax to Friedman Corporation

JULY 2011Heritage Capital Group announced today that it has successfully completed the sale of Logimax to Friedman Corporation, a wholly-owned subsidiary of Constellation Software, Inc. (“Constellation”, TSX:CSU).

Logimax offers full-featured, configurable applications for multi-customer warehouse management markets, including the 3PL sector. Logimax warehouse management software solutions (WMS) support a broad range of industries with a customer base across the United States and Canada.

Friedman Corporation specializes in complete ERP solutions for manufacturers and distributors of “make to order” and “engineer to order” products in the building products, capital equipment, and consumer goods sectors. The Friedman Operating Group also has a complementary portfolio of software offerings for transportation management, material optimization, supply chain management, and direct-to-consumer goods sector.

K.C. Caldabaugh, the principal with Heritage Capital Group who acted as financial advisor and intermediary commented, “We have known and worked with the owners of Logimax for many years. Logimax is a great complement to the Friedman portfolio of software companies, and we were pleased to have the opportunity to assist in facilitating the transaction.”

About Heritage Capital Group Heritage Capital Group is a middle market investment banking firm based in Jacksonville, Florida. For over 30 years Heritage Capital has been a trusted advisor for merger and acquisition, sales and divestitures, reorganization and restructuring, capital placement, and business valuations coupled with strategic planning for value enhancement and owner transition.

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