Stonehenge Growth Capital Invests $16,400,000 in SSTX, LLC

NEW YORK--(Business Wire)--
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
targets the down hole drilling market.

"We are pleased to complete our second transaction with Freestone
in just a few short months. Jim Briggs, Mark Leyerle and George Clark
are outstanding partners to lead this transaction," said Nemo Viso,
Managing Director at Stonehenge Growth Capital.

Michael Kowalski, President and CEO of SSTX, remarked, "It is a
credit to Freestone, Stonehenge Growth Capital and PNC that each
continues to be very active despite a challenging financial market. We
are excited to partner with each of them."

"Sunbelt represents another Texas success story where Houston
entrepreneurs have executed well to serve a strong market opportunity.
Michael Kowalski, Kathleen Rutledge and Jerry Wasson are an excellent
management team and we are proud to partner with them," noted Steve
Bennett, Managing Director of Stonehenge's Texas office.

Mark Leyerle, Managing Director at Freestone Partners, commented
that, "Sunbelt Steel's track record of delivering high-quality steel
products and services is unsurpassed. We are delighted to partner with
management in this investment."

PNC Business Credit provided senior financing. This marks the
third joint transaction between PNC and Stonehenge Growth Capital in
the past year.

Stonehenge Growth Capital represents the private equity, lending
and venture capital group of Stonehenge Capital Company, LLC. From its
five offices across the country, SGC directly originates and manages
private equity, debt and venture capital investments across the
country.

Stonehenge Capital Company, LLC (www.stonehengecapital.com) is a
nationwide specialty finance firm with expertise in mezzanine and
private equity, tax credit finance and structured finance
transactions. In addition to its SGC principal investment and asset
management activities, SCC has closed more than $1 billion of
structured finance and tax credit transactions from its offices in
Alabama, Colorado, Florida, Louisiana, Missouri, New York, Ohio, Texas
and Wisconsin.

Stonehenge Growth Capital
A. David Kocen, 212-265-9380

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