GROWTH CAPITAL PARTNERS ADVISES LTN STAFFING ON ITS ACQUISITION OF
BG PERSONNEL SERVICES
Houston, Texas (July 7, 2010) – Growth Capital Partners, L.P. ("GCP") a Houston-based investment and merchant banking firm, is pleased to announce that LTN Staffing, LLC has acquired BG Personnel Services. Terms of the transaction were not disclosed. GCP initiated the transaction and served as an advisor on behalf of LTN Staffing.
About LTN Staffing, LLC
LTN Staffing, LLC, based in Dallas, TX and with offices in Texas and the Midwest, provides light-industrial staffing for low-risk job classifications. LTN's temporary employees work in a variety of manual and unskilled jobs including light assembly, wrapping, picking, packaging and inventory control as well as medium and high skilled labor including fork lift operators, quality control supervisors and clerical technicians.
About BG Personnel Services
BG Personnel Services, based in Dallas, Texas, is a leading provider of temporary and permanent staffing services to the multi-family property management industry. BG Personnel provides property managers, assistant managers, bookkeepers, leasing consultants, maintenance personnel, porters and housekeepers to a wide range of property management clients.
About Growth Capital
Partners, L.P.
Founded in 1992, GCP 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 Staffing 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
John Niehaus
281-445-6611
jniehaus@growth-capital.com
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