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American Capital Invests $20 Million in Leading Manufacturer of Plastic Nursery Containers

Bethesda, MD - June 21, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $20 million in Nursery Supplies Inc., ("NSI") the leading North American manufacturer of a broad range of plastic containers for nurseries and distributors of nursery supplies. American Capital's investment takes the form of senior and junior subordinated debt and supports Lincolnshire Management Inc.'s recapitalization of NSI. GE Capital Corporation, a unit of General Electric Corporation (NYSE: GE), is providing a revolving credit facility and senior term loans. NSI management is also investing alongside Lincolnshire. NSI founders are rolling over a portion of their equity. More...

Nursery Supplies Inc. Cultivates New Opportunities

Nursery Supplies, Inc., based in Chambersburg, PA, was founded in 1957 as an offshoot of a northern New Jersey farmers' cooperative. The founder, Ted Guarriello, Sr., noted the trend for growers and nurseries to grow plants in containers rather than in the ground. Guarriello seized this opportunity and developed his company into the country's number one producer of plastic containers for the nursery industry. NSI now has the leading market share, offering several hundred SKUs to customers that range from small, independent nurseries and growers to large regional and national nursery distributors. More...