GROWTH CAPITAL
PARTNERS, L.P. ANNOUNCES THAT TEKSYSTEMS HAS
COMPLETED THE ACQUISITION OF TSG IT RESOURCES,
INC.
HOUSTON, October 2006/PR/ - Growth Capital
Partners, L.P. (“GCP”) a Houston-based
investment and merchant banking firm, is pleased
to announce that TSG IT Resources, Inc. (“TSG”)
has been acquired by TEKsystems, a division of
Allegis Group. Terms of the transaction
were not disclosed. GCP served as the exclusive
financial advisor to TSG for this transaction.
TSG is a leading independent provider of information
technology (“IT”) staffing services. Based
in Stoneham, Massachusetts and with offices
in Chicago, Illinois and Charlotte, North Carolina,
TSG offers a full range of IT consulting services
to its customers primarily in the healthcare,
financial services, government and retail industries. Among
the primary skill sets provided by TSG are
project managers, business systems analysts
and quality assurance engineers.
TSG IT Resources is this ownership team’s
second business serving the IT staffing industry
under the TSG label. The first TSG was
founded as TSG Professional Services, Inc.
in 1980 to provide technical staffing personnel
and was sold to Career Horizons in 1996. After
serving out their non-compete agreements, management
restarted TSG in 2000 with the reopening of
the Stoneham office by Scott Hampoian, TSG’s
Vice President and director of day-to-day operations
at TSG. TSG subsequently restarted its
Charlotte office late in 2000 and the Chicago
office in 2003 while reestablishing itself
as one of the leading providers of IT staffing
services in its markets.
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 services to
both private and public middle-market companies,
with a specialty practice devoted specifically
to the staffing and IT staffing industries. GCP
also focuses extensively on the private equity
marketplace. Since its inception, GCP
has completed in excess of 250 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 $3.0 billion.
For
additional information, please contact:
Growth
Capital Partners, L.P.
John Niehaus
281/445-6611
jniehaus@growth-capital.com
Growth Capital Partners,
L.P. Securities offered through GCP Securities,
Inc. member FINRA – SIPC
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