February 20, 2008 – Houston, TX – Growth Capital Partners, L.P. (“GCP”), a Houston-based investment and merchant banking firm, today announced that Boring Specialties, Inc.(“BSI”) has been acquired by The Timken Company. This transaction adds to GCP’s resume of oilfield service advisory work and adds to GCP’s list of transactions involving high-profile publicly-traded strategic buyers. GCP served as exclusive financial advisor to BSI and the terms of the transaction were undisclosed.

About Boring Specialties, Inc.
BSI (www.boringspecialties.com), based in Houston, Texas, is a leading provider of steel bar precision deep-hole boring and finishing services to the domestic and international oil & gas industry.

About The Timken Company
The Timken Company (NYSE: TKR), headquartered in Canton Ohio, is one of the leading manufacturers of engineered bearings, alloy and specialty steel, and related components worldwide.

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 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 billion.

For additional information, please contact:
Growth Capital Partners, L.P.
Marc Kergosien
281-445-6611
mkergosien@growth-capital.com