Media Contact: Tim Bubnack, Partner
Huntington Capital Fund II, L.P.
(858) 259-7654
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PRESS RELEASE  San Diego, CA, September 15, 2009

Huntington Capital provides a combination Mezzanine Debt and Equity Investment for a majority ownership in NEWCO Advanced Structural Alloys. Huntington Capital Fund II, LP (“Huntington”) is pleased to announce that it has provided Advanced Structural Alloys, LLC (“NEWCO” or “ASA”) with a combination mezzanine debt and equity investment to help capitalize the company and facilitate the purchase of assets from predecessor company Advanced Metal Forming Technologies.  Huntington Capital co-invested in the transaction alongside Crosse+Partners, a Southern California based private equity firm focused on middle market buyouts.  Established in 1998, Advanced Metal was known as a leading worldwide manufacturer of complex aluminum forged applications primarily serving the high-end automotive and specialty vehicle custom wheel market.  Despite positive historical profitability and annual sales reaching in excess of $20.0 million, the company was negatively impacted by low cost competition from China and the economic recession, compounded by a high overall debt burden stemming from a prior acquisition.

“Advanced Structural Alloy possesses the key manufacturing equipment and unique aluminum forging capabilities necessary to remain a leader in a number of market segments previously established by Advanced Metal,” noted Huntington Partner and current ASA board member Tim Bubnack.  “The combination of Huntington’s banking and restructuring experience, combined with Crosse+Partner’s buyout experience, allowed us to structure a favorable purchase of existing senior indebtedness and key assets of Advanced Metal.  The capitalization of NEWCO has essentially allowed the business to begin operations with a clean balance sheet while expanding its leadership position in the design and manufacturing of complex forged aluminum products.”

About Advanced Structural Alloys
Advanced Structural Alloys, LLC “ASA” is a high-end manufacturer of forged and spun aluminum products for the automotive, military vehicle, aerospace and natural gas container market segments.  ASA is a fully integrated contract manufacturing business that maintains some of the most advanced process technologies in the industry.  The company operates out of an approximately 100,000 sq ft. facility located in Oxnard, CA. 

Huntington Capital
Based in San Diego, CA, Huntington Capital is a leading growth capital provider to lower middle market companies throughout California and the Southwestern United States.  Established in 2008, Huntington Capital Fund II has received $78 million in capital commitments to fund qualifying mezzanine debt and equity investments.  The Fund has invested in approximately 10 investments to date.  Partners Morgan Miller, Barry Wilson and Tim Bubnack lead Huntington’s management team. For more information please visit the company website at www.huntingtoncapital.com.

Crosse+Partners
Crosse+Partners is a Southern California based private equity fund created to acquire and operate small to middle market companies primarily based in California and the Southwestern United States.  Crosse focuses on established, profitable companies operating in the manufacturing, distribution and service sectors.  Investments up to $10 million are considered and are made on a controlling basis with our captive equity source.  The common characteristics of companies that Crosse will consider include a definable, understandable and scalable business model; well developed and growing markets; proven products/processes, unique competitive advantages and opportunities to grow; a record of consistent, predictable cash flow up to $2.5 million; operating margins in excess of 10%; and viable exit strategies.
www.crossepartners.com