GROWTH CAPITAL
PARTNERS, L.P. ANNOUNCES THE ACQUISITION OF INTEGRATED
SERVICE COMPANY, LLC BY WILLBROS GROUP, INC.
FOR $225,000,000
Houston, TX (November 20, 2007) – Growth
Capital Partners, L.P. (“GCP”) a
Houston-based investment and merchant banking
firm, is pleased to announce that Integrated
Service Company, LLC (“InServ”) has
been acquired by Willbros Group, Inc. for $225,000,000.
This transaction complements GCP’s resume
of industrial services advisory work and list
of transactions involving large strategic buyers.
About Integrated Service Company, LLC
InServ (www.inservusa.com),
based in Tulsa, Oklahoma, is an integrated full-service
specialty contractor providing construction,
turnaround, repair and maintenance services to
the downstream energy infrastructure market,
which consists primarily of refineries and petrochemical
facilities. InServ’s core competencies
include turnkey project execution through program
management and engineering, procurement and construction
services.
About Willbros Group, Inc.
Willbros Group, Inc (NYSE:WG)
(www.willbros.com) is a leading international
contractor serving the energy industries providing
engineering, construction, EPC, and operations
maintenance services to industry and government
entities worldwide. Willbros’ capabilities
extend from upstream sources to downstream distribution
and its primary end market is the global midstream
energy market.
“This transaction
provided the shareholders of InServ with liquidity
and a terrific operating platform going forward,
commented John T. McNabb, II, Chairman and
founder of Growth Capital Partners, L.P. This
business combination will provide operating
synergies for both InServ and Willbros and has
provided the Willbros shareholders with an accretive
transaction with significant future upside.”
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 industrial services 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.
SuMin Lim
281-445-6611
slim@growth-capital.com
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