Paul Hastings Represents Klune Industries in Acquisition of GCM North American Aerospace

August 25, 2011

Los Angeles, CA

- Paul Hastings LLP, a leading global law firm, announced today that the firm represented Klune Industries, Inc., a leading aerospace contractor, in its acquisition of GCM North American Aerospace, a producer of complex machined parts for the aerospace industry.

Terms of the agreement were not announced. The acquisition was financed by Klunes majority shareholder, Vance Street Capital LLC. FS Investment Corp. provided the debt financing for the deal.

Corporate practice partner Robert Miller led the Paul Hastings team, which included Tax Department partner Alexander Lee, Employment Law Department partner Stephen Harris and corporate attorney Catherine Patton.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.