| GROWTH CAPITAL
PARTNERS, L.P. ANNOUNCES THAT FUNDCORP, INC.
HAS OBTAINED A SENIOR CREDIT FACILITY TO SUPPORT
THE ACQUISITION OF ALLIED CEMENTING CO., INC.
Houston, Texas (March , 2007) – Growth
Capital Partners, L.P. (“GCP”) a
Houston-based investment and merchant banking
firm, is pleased to announce that FundCorp, Inc.
has obtained a secure senior credit facility
from Merrill Lynch to support the acquisition
of Allied Cementing Co., Inc. Growth Capital
Partners acted as exclusive financial advisor
to FundCorp, Inc. Terms of the transaction were
undisclosed.
About FundCorp, Inc.
FundCorp, based in Fort Worth, Texas,
is a private investment firm that also provides
limited advisory services to small and mid-cap
companies. Through
a combination of acquisitions and start-ups,
FundCorp has developed a portfolio of rapidly
growing entrepreneurial businesses in the oilfield
services, industrial and business service sectors. Allied
Cementing represents FundCorp’s seventh
portfolio company investment.
About Allied Cementing Co., Inc.
Allied is headquartered in Russell, Kansas,
is a leading provider of cementing and acidizing
services to Mid-Continent exploration and production
companies for use in the drilling and production
of oil and natural gas. Since its founding
in 1967, Allied has become the region’s
leading service provider based on quality of
service, rapid customer responsiveness and value.
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 oilfield service industry. 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 Grimes
217-303-1177
jgrimes@growth-capital.com
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