Growth Capital
Partners, L.P. Announces the Acquisition
of ECP
Tech Services, Inc.
Houston, TX (May 2008) – Growth Capital
Partners, L.P. (“GCP”), a Houston-based
investment and merchant banking firm, today announced
that ECP Tech services, Inc.(“ECP”)
has been acquired by Schneider Electric, SA. This
transaction adds to GCP’s resume of industrial
services advisory work as well as its list of
transactions involving high-profile, publicly-traded
foreign buyers. GCP served as exclusive
financial advisor to ECP and the terms of the
transaction were undisclosed.
About ECP Tech Services, Inc.
ECP (www.ecptech.com),
headquartered in Houston, Texas, is a leading
provider of specialty testing, maintenance, repair,
commissioning, engineering and construction services
for electrical power systems. ECP serves
customers throughout the Gulf Coast and other
regions of the U.S. and around the world in the
refining, petrochemical, pipeline, power generation,
medical and building management industries.
About Schneider Electric, SA
Schneider
Electric, SA, headquartered in Rueil-Malmaison,
France, is a global specialist in energy management
that offers integrated solutions to the energy,
infrastructure, industrial, data center, data
network, building and residential markets. With
sales of 17.3 billion euros in 2007, Schneider
has 120,000 employees located in 102 countries
worldwide.
"Teaming up with Schneider Electric
will give us an expanded service and product
offering that will allow us to become an
even more valuable supplier to our customers
and allow us to continue our planned growth. ECP
Tech Services’ customer contacts, market
penetration and highly skilled workforce
combined with Schneider Electric’s
resources and engineered solutions, will
make this a powerful combination,” said
Phil Collins, President of ECP Tech Services.
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.
Martin Rubio
281-445-6611
mrubio@growth-capital.com
Source: Growth Capital Partners,
L.P. member FINRA – SIPC
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