Cyprium Partners Invests $23.5 Million Investment In AMPAM Parks Mechanical

San Francisco, CA – April 24, 2008 – Key Principal Partners® (“KPP”), a $1 billion private equity and mezzanine firm which makes both non–control and control investments in growing middle–market companies, announced a $23.5 million non–control investment in AMPAM Parks Mechanical, Inc., to facilitate the company’s growth.

AMPAM Parks Mechanical, Inc., headquartered in Wilmington, California, is the leading plumbing contractor in Southern California for large apartment housing projects. Its customers include virtually all of the major apartment developers in Southern California. Buddy Parks and John Parks founded the company in 1997. Buddy Parks will maintain his role as Chief Executive Officer of AMPAM and John Parks will continue as President and Head of Operations.

“We believe that AMPAM is in an excellent position for continued growth,” said Greg Davis, a Principal with KPP. “The significant population expansion in Southern California, coupled with an increased interest in rental properties as a result of recent market forces, will likely augment demand for AMPAM’s services.”

“Our strong, long–term customer relationships were built on our reputation as a quality provider of value–added services. KPP’s investment will enable us to maintain our excellent record of serving our clients and allow us to grow with them in other markets,” said Buddy Parks, CEO of AMPAM.

About Key Principal Partners

Key Principal Partners (KPP) is a $1 billion private investment firm that provides expansion capital to profitable middle-market companies with at least $30 million in revenue. The firm has the flexibility to provide any combination of subordinated debt, preferred equity and/or common equity in either non-control (minority ownership) or control (majority ownership) positions. KPP can invest between $10 million and $40 million to facilitate the growth, acquisition, refinancing, deleveraging or liquidity needs of private company owners and their management teams. Affiliated with KeyCorp, KPP is headquartered in Cleveland, and has additional offices in Greenwich, and San Francisco.

About KeyCorp

Cleveland–based KeyCorp is one of the nation’s largest bank–based financial services companies, with assets of approximately $97 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit

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