GROWTH CAPITAL PARTNERS, L.P.
ANNOUNCES THE ACQUISITION OF AIRDROME HOLDINGS,
LLC
Houston, TX (October 2008) – Growth Capital
Partners, L.P. (“GCP”), a Houston-based
investment and merchant banking firm, today announced
that Airdrome Holdings, LLC has been acquired
by Precision Castparts Corporation. This transaction,
completed in the aerospace sector, is an excellent
addition to GCP’s list of complex international
transactions involving large strategic buyers.
GCP served as exclusive financial advisor to
Airdrome Holdings, LLC. The terms of the transaction
were undisclosed.
About Airdrome Holdings, LLC
Airdrome Holdings, LLC (“Airdrome”)
(www.airdrome.com), Airdrome Holdings, LLC, comprised
of Airdrome Precision Components and AF Aerospace,
Ltd., based in Long Beach, California and Rugby,
Warwickshire, England, respectively, is a leading
manufacturer of precision-machined aerospace
components including precision pneumatic and
hydraulic components for mission-critical aerospace
applications. Airdrome’s advanced technology
allows for the production and distribution of
a significant array of complex parts and assemblies
in aerospace markets around the world.
About Precision Castparts Corporation
Precision Castparts Corporation (NYSE: PCP),
headquartered in Portland, Oregon, is a leading
manufacturer and producer of fasteners and
fastening systems, investment castings, complex
forgings and high-performance nickel-based
alloys and super alloys for aerospace, power
generation and general industrial applications.
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 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, L.P.
Rey Stroube
281-445-6611
rstroube@growth-capital.com
Source: Growth Capital Partners, L.P.
member FINRA – SIPC
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