NEW YORK, July 8, 2002 -- Joseph Berkery, President of Berkery, Noyes & Co., announced that his firm represented The McGraw-Hill Companies, Inc. in its sale of CAP, a unit of McGraw-Hill Construction, to 20-20 Technologies, Inc. CAP is a leading provider of software based design and specification systems to the contract furniture industry. 20-20 Technologies, Inc. is the world's leading provider of kitchen design software and other specialty software design products. It is also the kitchen and bath industry's leading provider of electronic commerce solutions, such as EDI, Site Hosting, and other electronic-based marketing and communications solutions for manufacturers, dealers and distributors.
CAP is the contract furniture industry's leading provider of software-based design and specification systems. Used by contract furniture dealers nationwide, CAP connects manufacturers with dealers, serving the middle and front-end of the value chain. Based in Grand Rapids, Michigan, CAP pioneered the concept of computer-based product information for the contract furniture market. CAP is a unit of McGraw-Hill Construction. McGraw-Hill Construction connects people, projects and products across the design and construction industry.
About Berkery, Noyes & Co.
Berkery, Noyes specializes in investment banking for the information, publishing and communications industries. Among the most recent transactions completed by Berkery, Noyes are the sale of DDC Publishing to Pearson Education, Wheeler Publishing, Inc. to Gale Group, a subsidiary of Thomson Learning, selected assets from Thomson Learning to John Wiley & Sons and Oxford University Press, the acquisition of Ariel Research Corporation by Eastman Chemical Company, the sale of Mayfield Publishing Company to The McGraw-Hill Companies, The Thomson Corporation's divestiture of Institutional Shareholder Services to Proxy Monitor, Inc., and John Wiley & Sons' purchase of selected higher education textbooks from Pearson Education.
Berkery, Noyes & Co. clients range from small firms, often seeking a buyer, to most of the major international information companies, who use the firm's expertise in locating, analyzing and negotiating with acquisition candidates, as well as in managing divestitures. The firm operates with a staff of twenty-two professionals serving the information and publishing industry from offices in New York, Boston, and San Francisco.