GROWTH CAPITAL PARTNERS COMPLETES 3 M&A TRANSACTIONS IN OCTOBER

Houston, TX (November 13, 2008) – Growth Capital Partners, L.P. (“GCP”), a Houston-based investment and merchant banking firm, today announced the successful completion of the sale of the IT staffing division of National Technical Systems, Inc. (NASDAQ:NTSC) to Strategic Staffing Solutions, L.C.   Although October will go down in history as one of the worst months on Wall Street, NTS is GCP’s 3rd M&A transaction since October 1st.  The Firm’s other October closings included the acquisition of Airdrome Holdings, LLC by Precision Castparts Corp. (NYSE:PCP) and the acquisition of LaBarge Pipe & Steel Company by McJunkin Red Man Corp.  At a time when overall M&A activity is declining, the Firm’s recent successes are evidence that despite the challenging market, deals are still getting done.

“These are the toughest times that we’ve seen since our firm’s founding in 1992, and unprecedented changes seem to be taking place almost daily in today’s capital markets,” said David Sargent, President and CEO of GCP.  “Staying focused on the middle-market, entrepreneur and family-owned businesses, a 16-year track record of accessing both domestic and international strategic buyers and our deep relationships within the $300 billion plus private equity marketplace, are qualities that we believe differentiate us as a firm and help to insulate us in challenging conditions.”

About Growth Capital Partners
Since its founding in 1992, Growth Capital Partners has provided financial advisory services to private and public middle-market companies. 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.  Through its GCP affiliate, Southwest Mezzanine Investments (“SMI”), GCP assists clients with subordinated debt with warrants investments.  With $65 million currently under management, SMI seeks to invest $2 to $6 million in middle-market companies that are seeking capital to finance internal growth, add-on acquisitions or to execute a recapitalization.

Source:  Growth Capital Partners, L.P. member FINRA – SIPC

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