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Article: Stonehenge Growth Capital Invests $7,750,000 in Performance Alloys, LLC.(Company overview)
- Article from:
- Business Wire
- Article date:
- January 14, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Stonehenge Growth Capital announced it has made a $7.75 million investment in Performance Alloys, LLC, a newly-formed company that acquired the assets of P.A., Inc., ("Performance Alloys" or "PA"). PA's management team and Freestone Partners, LLC led the acquisition. Stonehenge Growth Capital provided both subordinated debt and equity to support the transaction.
Performance Alloys is a Houston-based specialty distributor of nickel alloy pipe, tubing, fitting and flanges. PA markets its products worldwide to maintenance, repair and operations distributors, pipe fabricators, engineering and construction companies and end users in the hydrocarbon ...