GROWTH CAPITAL PARTNERS, L.P. ANNOUNCES THAT THE STERLING GROUP, L.P. HAS COMPLETED THE ACQUISITION OF ROOFING SUPPLY GROUP

HOUSTON, September 8, 2006/PR/ - Growth Capital Partners, L.P. (“GCP”) a Houston-based investment and merchant firm, today announced that Sterling Group, L.P. (“Sterling”) has finalized the acquisition of a majority interest in the entities comprising the Roofing Supply Group (“RSG”). GCP acted as exclusive financial advisor to RSG.

Headquartered in Dallas, Texas, RSG is one of the largest wholesale distributors of roofing supplies and related materials in the United States. Through its network of 55 branches in 21 states, RSG provides one-step distribution services from the roofing product manufacturers to roofing contractors, home builders, retailers, and other end users. 

Ron Pugh, founder of RSG, started the first branch in Houston in 1981. He was joined by Vin Perella and Rodney Burns, who opened the second branch in 1984, and then later by Dale Lowe to form the core management team and majority shareholders of RSG. Vin Perella has been named CEO of RSG at the closing of the acquisition, and Ron Pugh and Dale Lowe will remain active with RSG as board members and consultants to the company.

“Since the inception of RSG, our focus has been on our partner relationships and a continued emphasis on the entrepreneurial spirit throughout our organization. Growth Capital played a vital role in aligning RSG’s transition to The Sterling Group, a partner who understood and embraced our culture.  GCP was the catalyst in our transition and played an essential and integral role throughout the entire process of locating the right partner for Roofing Supply Group. Their tireless efforts made our successful transition a reality,” said Ron Pugh.

“GCP is excited to have negotiated a transaction where RSG has an investment partner whose philosophies and approach are consistent with the owners’. RSG gets to continue there unique ownership structure,” says David Sargent, President and CEO of Growth Capital Partners. GCP and its principles are also investing in the transaction along with Sterling and RSG management

About Growth Capital Partners, L.P. - Founded in 1992, Growth Capital Partners, L.P. (www.growth-capital.com) is an investment and merchant banking firm that provides financial advisory to both private and public middle-market companies. GCP focuses extensively on the private equity marketplace.Since its inception, GCP has completed in excess of 200 transactions, raised more than $1 billion of institutional capital (through private placements of equity, subordinated, and senior debt), and completed M&A transactions with an aggregate value in excess of $6 billion.

For additional information, please contact:

Growth Capital Partners, L.P.
David Sargent
281/445-6611
sarge@growth-capital.com

Growth Capital Partners, L.P. Securities offered through GCP Securities, Inc. member FINRA – SIPC

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