Cotton Creek Capital Acquires Graco Supply & Integrated Services

DALLAS, TX--(Marketwire - Apr 15, 2011) - Cotton Creek Capital announced today that it and its co-investors have completed the acquisition of Fort Worth, Texas-based Graco Supply & Integrated Services. Graco Supply is a leading distributor of chemical-based products as well as a provider of supply chain and chemical management services for the manufacture and maintenance, repair and overhaul of aircraft in the commercial and military aerospace markets.

"As a result of its technical expertise and service capabilities, Graco Supply has an unmatched ability to drive greater efficiency in its customers' operations," said Jim Braden, Managing Director of Cotton Creek Capital. "We are pleased to be backing a seasoned management team at Graco Supply that has for many years delivered solid growth and consistently high service quality to its customers."

In the acquisition of Graco Supply, Cotton Creek Capital is partnering with Chief Executive Officer, Tim Holland. "I could not be more pleased to be investing alongside Cotton Creek Capital in the next phase of Graco Supply's growth," Holland said. "A combination of shared values and Cotton Creek Capital's solid reputation made them my partner of choice. With a strong balance sheet and ready access to capital, Graco Supply is well-poised to aggressively expand the breadth and depth of service it is able to offer to its customers."

Cotton Creek Capital was also joined in this transaction by The Stony Point Group, Inc. of Asheville, North Carolina. "We are pleased to be co-investing in Graco Supply with our friends at Stony Point," said Kevin Roberts, Director of Cotton Creek Capital. "As an active investor in the aerospace industry and the ownership group behind the TECT family of businesses, Stony Point brings a wealth of industry relationships and aerospace supply chain expertise to the investment in Graco Supply." David Nolletti, Vice President of Business Development at Stony Point commented, "Graco Supply brings diversity to our portfolio of aviation-focused businesses, and we are honored to be partnering with Cotton Creek Capital and Tim Holland."

Debt financing for the transaction was provided by Bank of America Merrill Lynch.

About Cotton Creek Capital
Cotton Creek Capital is a Dallas-based private equity firm focused on investing in and growing established lower middle market companies in manufacturing, value-added distribution, industrial services, energy, business services, healthcare services and consumer staples. The firm invests in companies with enterprise values between $15 million and $200 million through transactions ranging from buyouts, recapitalizations, buy-and-builds, and corporate divestitures to selected minority investments. Cotton Creek Capital is affiliated with Brownlie & Braden, LLC, a provider of financial advisory services to high net worth families for over 20 years.

About Graco Supply & Integrated Services
Founded in 1959, Graco Supply is a leading distributor of chemical-based products and a provider of supply chain and chemical management services for aerospace manufacturing and maintenance, repair and overhaul activity. Fort Worth, Texas-based Graco Supply is led by Chief Executive Officer, Tim Holland. For more information on Graco Supply please visit www.gracosupply.com.