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Article: Stonehenge Growth Capital Invests $16,400,000 in SSTX, LLC.
- Article from:
- Business Wire
- Article date:
- April 10, 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 $16.4 million investment in SSTX, LLC, a newly-formed company that acquired the assets of Sunbelt Steel Texas, Inc. SSTX management and Freestone Partners, LLC led the acquisition. Stonehenge Growth Capital provided both subordinated debt and equity to support the transaction.
Sunbelt Steel is a Houston-based, value-added steel round bar distributor specializing in high performance alloy grades. Value-added services include saw cutting, trepanning, straightening, heat treating, testing and other machining services. Sunbelt Steel sells its products to a variety of end-user industries, but primarily ...
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