Advantage Leads $5 Million Funding Round for T&K Machine

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T&K Machine completed a $5 million funding round led by Advantage Capital. T&K, based in northeastern Texas, manufactures highly engineered precision-based machined airframe components for the commercial and military aerospace markets.

Advantage Capital Partners and Stonehenge Capital Company have invested $5 million in T&K Machine, Inc., a manufacturer of highly engineered precision-machined airframe components for the commercial and military aerospace markets. The funding will be used to support the company's continued growth.

"We've been in operation for nearly 40 years now and have established an elite customer base with leaders such as Spirit AeroSystems, Goodrich Corporation, The Boeing Company and Vought Aircraft," said Marshall Taylor, CEO of T&K Machine. "We want to continue to build on our momentum to meet the demands of the $180 billion aerospace industry and our investor partners will help us meet that goal."

T&K Machine produces a range of structural and airframe components for large commercial aircraft, corporate jets and military aircraft. Such components include door latches, parts for wing boxes and cargo boxes, and other various precision-machined pieces. The company also completes small-to-medium-sized bench assemblies. T&K serves some of the leading OEMs and Tier 1 aerospace suppliers including Spirit AeroSystems, Goodrich Corporation, The Boeing Company and Vought Aircraft.

"T&K's manufacturing facility is run very efficiently by an experienced management team," said Tim Cockshutt, an Austin-based Advantage Capital managing director. "The company currently has 69 employees and we expect the company to hire more workers in the coming months due to growth."

"T&K is a strong investment opportunity and we're happy to be a part of it," said Steve Bennett, director of Stonehenge Capital in Dallas. "The company has an impressive list of customers, a solid management team and sound strategy to growing the business."

Advantage Capital's investment in T&K was made using $2 million in capital raised in partnership with U.S. Bancorp's Community Development Corporation through the federal New Markets Tax Credit program. In addition, Advantage and Stonehenge each invested $1.5 million raised in connection with Texas' Certified Capital Companies program. Both programs stimulate economic growth in areas that historically have been underserved by traditional sources of investment capital.

About Advantage Capital Partners
Advantage Capital Partners is a private equity firm focused on investing in promising companies in connection with federal, state and local economic development efforts. With offices in Austin, New Orleans, St. Louis and other cities, Advantage has raised more than $750 million in institutional venture capital since 1992 and invested in companies located in geographic areas underserved by traditional venture capital. For more information, visit http://www.advantagecap.com .

About Stonehenge Capital
Stonehenge Capital Company, LLC (http://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 Alabama, Colorado, Florida, Louisiana, Missouri, New York, Ohio, Texas and Wisconsin.

About U.S. Bancorp's Community Development Corporation
With assets of nearly $3 billion, U.S. Bancorp's Community Development Corporation (USBCDC) is one of the largest new market tax credit investors in the country. It also finances affordable housing and community development projects through the use of low-income housing and historic tax credits. It is a subsidiary of U.S. Bancorp (NYSE: USB), with assets of $213 billion, which is the sixth-largest financial holding company in the United States. The company operates 2,434 banking offices and 4,966 ATMs, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp on the web at http://www.usbank.com.

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