Fort Worth, Tx - – August 27, 2002 – U.S. Growth Funds Corporation (USGF), (formerly known as KBK Capital Corporation), announced today that it participated in the management buyout of Graco Supply Company, and agreed to provide on-going working capital for this 42-year-old Fort Worth firm. Dallas-based Independent Bankers Capital Fund, L.P (IBCF) was the investment sponsor and lead investor for this $7,167,500 transaction.
Graco is a distributor of specialty industrial supplies used in the aerospace industry. Their products are primarily used in the manufacturing, repair, and refurbishment of aircraft including adhesives, paints, sealants and various safety items for military as well as civilian aircraft applications.
“Graco dominates the market for industrial supplies of aircraft materials because of their unparalleled customer service, product knowledge, and ability to exceed customer expectations for product quality, availability and pricing. These competitive advantages, coupled with the company’s solid, long-standing relationships with some of the world’s top airplane manufacturers, make this an exciting opportunity for us. We look forward to assisting Graco and IBCF with the company’s aggressive growth strategy,” noted Jenna Benner, Partner in U.S. Growth Funds. For more information about Graco, click here.
“The Graco transaction highlights our team’s ability to support the buyout activity of talented private equity funds like IBCF,” said U.S. Growth Funds Chairman Robert McGee. “Experienced partners who provide quick and reliable deal input throughout the buy out negotiations sometimes make the difference between whether a deal gets done or not -- USGF works hard to be there with the right answers, at the right time.” Click here for more information about U.S. Growth Fund’s Private Equity Business.
USGF is a buyout and equity investor in management and employee buyouts; invests in private equity sponsored buyouts, provides capital directly to private and small public companies. USGF provides capital to fund growth, acquisitions, going-private transactions and recapitalizations.
Graco Supply Company
Aerospace, Aircraft & Industrial Supplies
Acquisition Led by Independent Bankers Capital Fund, LP
U.S. Growth Funds Corporation
March 2002
Houston Dallas-Ft Worth Los Angeles St. Louis
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This press release contains forward-looking statements. The statements regarding expected results of U.S. Growth Funds Corporation are subject to various factors and uncertainties, including the uncertainties associated with the timing of transaction closings, changes in interest rates, availability of transactions, changes in regional or national economic conditions, or changes in the conditions of the industries in which U.S. Growth Funds Corporation has made investments.
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