GROWTH CAPITAL PARTNERS, L.P. ANNOUNCES THAT C&J SPEC-RENT SERVICES, INC.
HAS BEEN SOLD TO ENERGY SPECTRUM CAPITAL
HOUSTON, October 18, 2006/PR/ -
Growth Capital Partners, L.P. (“GCP”) a Houston-based investment
and merchant banking firm, is pleased to announce that C&J Spec-Rent Services,
Inc. (“C&J”) was sold to a group led by Energy Spectrum Partners
IV LP, an affiliate of Energy Spectrum Capital, its investors and management. C&J
was a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. GCP
acted as the exclusive financial advisor for the Company. Terms of the
transaction were not disclosed.
About C&J Spec-Rent
Services, Inc.
C&J,
based in Robstown, Texas, is a leading provider
of coiled tubing and pressure pumping services
to the oil and gas industry in South Texas,
one of the most active reserve basins in the
United States. C&J’s
services are utilized by oil and gas producers
to enhance hydrocarbon production through well
stimulation, intervention and maintenance.
About Growth Capital Partners, L.P. - Founded
in 1992, GCP (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 energy industry. GCP also 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 $3.0 billion.
For
additional information, please contact:
Growth
Capital Partners, L.P.
Jason N. Wilcox
214-303-1177
jwilcox@growth-capital.com
Growth Capital Partners,
L.P. Securities offered through GCP Securities,
Inc. member FINRA – SIPC
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