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American Capital exited its investment in CST Industries in the third quarter of 2003.

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Call Principal and Managing Director Tom Gregory at (312) 681-7400.

American Capital Realizes $5 Million Gain on Investment in CST Industries
Bethesda, MD - September 15, 2003 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has received $14 million in proceeds by completely exiting its investment in CST Industries Inc., a leading manufacturer of storage tanks for industrial and agricultural uses. American Capital realized a $5 million gain, earning a 35% compounded annual rate of return on its investment in subordinated notes and 13% common stock interest, including the repayment of all interest and fees received over the life of American Capital's investment in the company. Sale proceeds recognized by American Capital exceeded the second quarter 2003 valuation of the investments by $1.4 million. Year-to-date, net realized gains announced by American Capital total $39 million. [more...]

American Capital Invests $9 Million in Acquisition of Two Storage Tank Companies
Bethesda, MD - January 19, 2001 - American Capital Strategies, Ltd. announced today that it has invested $9 million of subordinated debt to fund the acquisition of Columbian Steel Tank Company and Engineered Stored Products by CST Industries, Inc. Equity financing was provided by George K. Baum Merchant Banc and Don Wagner, CEO of CST. The acquired businesses manufacture and install storage tanks for municipal, industrial and agricultural markets. [more...]

New Tank Company Fills Storage Needs
Bethesda, MD -January 19, 2001 - The combination of two successful storage tank companies - Columbian Steel Tank Company and Engineered Storage Products ("ESP") - creates a new, leading manufacturer of bolted and factory-welded storage tanks for municipal, industrial and agricultural markets. On January 10, 2001, CST Industries, Inc., a newly formed company, acquired the two tank storage companies in a transaction sponsored by George K. Baum Merchant Banc ("GKB"). In support of the acquisition, American Capital Strategies (Nasdaq: ACAS) invested $9 million of senior subordinated debt. [more...]