August 2014  
LaSalle Capital Invests in
Lone Star Inspection Services, Inc.
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August 25, 2014 – Chicago, IL – LaSalle Capital, through its portfolio company Avantech Testing Services (“Avantech”), is pleased to announce its investment in Lone Star Inspection Services, Inc. (“Lone Star”). Lone Star is an Odessa, TX based provider of non-destructive testing ("NDT") services to the oil and gas industry. Lone Star is the second investment made by Avantech since its formation in September 2013 and expands the platform’s services and geographic footprint.

Lone Star is a leading drill pipe and bottom-hole assembly inspection service provider specializing in high stress areas including connections, slip areas, upset areas, weld areas, radius changes and tubes. The addition of Lone Star expands Avantech’s presence in the Permian Basin, broadens its customer base and deepens its mobile testing capabilities. Gary DuBroc, CEO of Avantech, commented, “We look forward to partnering with Robert Mathis and the rest of the Lone Star team in building upon their strong reputation in drill pipe and bottom-hole assembly inspection. This investment furthers our goal of creating a leading provider of NDT services with a broad range of testing capabilities.”

Avantech was formed in 2013 to execute a buy-and-build strategy in the NDT services and specialty NDT equipment industry. “The combination of Lone Star and Reliant NDT creates a leading provider in the tubular goods market with unique technical capabilities. We are excited to bring Lone Star into the Avantech fold and look forward to partnering with Robert Mathis to continue growing the business,” stated Andy Shackelford, Partner at LaSalle Capital.

If you have questions regarding this transaction or would like to discuss other opportunities in the industry, please contact either Andy Shackelford or Naveen Neerukonda of LaSalle Capital at (312) 236-7041.

LaSalle Capital is a leading private equity firm with extensive experience in the lower middle market. We currently manage two funds totaling over $330 million in capital. Our team has deep experience in partnering with management teams to grow and develop small businesses. We add value to companies by providing strategic operating focus and promoting growth organically and through acquisitions.

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