Carousel Industries buys Albany IT company

Washington Trust Company provides $6.8 million in financing

[South Kingston-based Carousel Industries received $6.8 million in financing]...for working capital and to acquire Adirondack Business Systems, an Albany-based outfit that sells and supports commercial communications equipment...

The Peace Dale-based company has more than 200 employees in offices throughout the eastern U.S. In 2005, it was listed in Inc. Magazine as one of the 500 fastest growing companies in the country and in Providence Business News as the second-fastest growing company in Rhode Island, according to the bank.

Full Story: Carousel Industries buys Albany IT company Source: Providence Business News, October 13th, 2005

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