Breakwater Investment Management Completes Financing of Training Partners USA Limited
Growth capital fund backs leading provider of workforce training
and staffing services for the global energy industry.
LOS ANGELES, December 2010 — Breakwater Investment Management, LLC (“Breakwater”) has completed a growth capital investment in Training Partners USA Limited, Inc. (“TPL”) out of its Breakwater Structured Growth Opportunities Fund. TPL’s primary business focus is to provide workforce training and staffing services for the oil and gas industry. The firm is headquartered in Houston, Texas, and operates international regional offices in Australia, Japan, and the Middle East.
Founded in 1999, TPL offers cutting-edge technical services both in providing personnel to fill client-specified positions and in producing and delivering internationally recognized training courses of the highest standard. Clients of TPL include ExxonMobil, Marathon Oil Corporation, Samsung, Qatargas, Baker Hughes, and British Petroleum.
“We are incredibly pleased to partner with the professionals at Breakwater,” said Dennis Gidney, President of Training Partners USA Limited. “We have recently secured new international contracts in the Middle East, and the investment from Breakwater will facilitate our ongoing expansion into new global markets.”
“We are delighted to be working with Dennis Gidney and his management team, who have an exemplary track-record in providing best-in-class service to the oil and gas industry,” said Saif Mansour, Managing Partner at Breakwater. “Breakwater would also like to thank and recognize Bridge Bank, our senior lending partner in the transaction, for the introduction to TPL. This financing strengthens our ongoing relationship with Bridge Bank, as we now have several active portfolio companies in cooperation with the bank.”
About Training Partners USA Limited
TPL is a leading provider of workforce training and staffing services for the global energy industry. Founded in 1999, the firm provides high-quality products and services for the energy industry in the areas of personnel training and development, logistical support services, manpower services, competency assurance, and technical services. TPL’s expertise in the global energy industry and its innovative and responsive approach to its customers’ needs are the foundation of its growing client partnerships worldwide.
TPL is headquartered in Houston, Texas (USA), with offices in Brisbane (Australia), Doha (Qatar), and Yokohama (Japan).
About Breakwater Investment Management
Breakwater Investment Management is a private investment firm that specializes in direct investments in small to lower middle market growth businesses with annual sales ranging between $5 million and $100 million. The firm serves as general partner of Breakwater Structured Growth Opportunities Fund, LP, a $100 million open-ended private investment partnership organized in August 2008 under Delaware law. The Fund’s investment objective is to generate both current income and capital appreciation through secured debt investments accompanied with equity participation rights, primarily in growth-oriented companies across a variety of industries.
If you would like to know more about Breakwater, visit http://www.breakwaterfund.com or call (424) 777-4000.
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