GROWTH CAPITAL
PARTNERS, L.P. ANNOUNCES THE RECAPITALIZATION
OF CONTRACT LAND STAFF, LP
Houston, TX (September 2008) – Growth
Capital Partners, LP (“GCP”), a Houston-based
investment and merchant banking firm, today announced
that Contract Land Staff, LP has executed a Majority
Recapitalization with Hammond, Kennedy, Whitney & Company,
Inc. This transaction complements GCP’s
Energy Team as well as strengthens its resume
of energy services advisory work, and GCP’s
continued focus on the private equity marketplace
for middle-market companies. GCP served as exclusive
financial advisor to Contract Land Staff, LP.
The terms of the transaction were undisclosed.
About Contract Land Staff, LP
Contract Land Staff (“CLS”) (www.contractlandstaff.com),
based in Stafford, Texas, is a leading provider
of land and right of way (“ROW”)
services and land records management in the U.S.
CLS offers ROW services, consulting, proprietary
technology solutions, and other services to clients
in the pipeline, electric transmission, wind
power, telecommunications, railroad and highway
transportation industries.
“From the very first meeting with Growth
Capital Partners, everything that they advised
us on turned out the way they said it would.
Their insight to the private equity world and
how to manage the “deal” process
was the key to our successful recapitalization,” said
Brent Leftwich, CEO of Contract Land Staff, LP.
About Hammond, Kennedy,
Whitney & Company
Hammond Kennedy Whitney is a private equity firm
that sponsors management buy-outs and recapitalizations
of small middle market companies pursuing growth
strategies.
"We are very excited about the opportunity
to work with CLS and its outstanding management
team. Increasing global demand for energy
is driving the expansion and creation of new
pipelines, infrastructure, and other energy facilities. CLS
is well positioned as a market leader to participate
in this expansion," stated
Glenn Scolnik, HKW President and CEO.
About Growth Capital Partners, LP
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 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 $4 billion.
For additional information, please contact:
Growth Capital Partners, LP
David Sargent
281-445-6611
sarge@growth-capital.com
Source: Growth Capital Partners, L.P.
member FINRA – SIPC
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