The Texas Growth Fund is managed by TGF Management Corp., based here. The holding company will use the acquired business, founded in 1978, as its platform facility in the southeastern US as it scours for expansion opportunities in northeastern and western sections of the country. Qualified Metal Fabricators provides turnkey services for telecommunications, medical and industrial markets.

In addition to the Texas Growth Fund and the acquired company's management, other investors in the transaction are Dallas-based Hunt Capital Growth Fund II LP and Four Corners Capital Partners LLC. Four Corners will maintain an active presence in the day-to-day activities of the holding company. The Texas Growth Fund has more than $575 million of capital under investment, specializing in financing buy-and-build strategies, internal expansion and buyouts of middle-market businesses.

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