Western Reserve Partners LLC: News :

	Western Reserve Partners Executes Two Distinctive Transactions March 20, 2007 Western Reserve Partners recently closed two distinct transactions that highlight our ability to deliver creative financing solutions for our clients. In both cases, Western Reserve Partners integrated its capital structure analytical expertise, business valuation capability and in-depth capital markets knowledge to execute recapitalizations that achieved our clients’ strategic, operating and financial objectives. Fire-Dex Recapitalization Fire-Dex, headquartered in Medina, Ohio, is one of the country’s largest fire safety apparel manufacturers. It produces custom firefighting turnouts – outer protective clothing worn by firefighters, as well as other specialty apparel. Western Reserve Partners LLC advised Fire-Dex, LLC in the recapitalization of the company. Through the transaction, majority shareholder and Chairman Charlie Grossman received liquidity and President Bill Burke acquired a majority ownership position. As a result of the transaction, Fire-Dex provided liquidity to its shareholders and facilitated continued growth of the business with two financial partners, Brown Brothers Harriman through its 1818 Mezzanine Fund II, L.P. and StoneCreek Capital, which provided subordinated debt and preferred equity. JPMorgan Chase Bank provided the senior secured credit facility. “The advice we received from Western Reserve Partners was extremely helpful throughout the transaction,” said Grossman. “This recapitalization positions Fire-Dex for continued success under Bill Burke and his team.” Burke said, “Western Reserve Partners allowed both Charlie and me to achieve our objectives, resulting in a favorable outcome for the company’s shareholders, as well as a new relationship with two valuable financial partners. We are very pleased with the Western Reserve Partners team and the expertise they provided us in executing this complex transaction.” BC Investment Partners Acquisition of McCormack Advisors International, LLC Founded in 2005, BC Investment Partners LLC is a Cleveland, Ohio-based registered investment advisor offering alternative wealth management services. MAI was established in 1973 as an affiliate of International Management Group (“IMG”), the world’s premier sports and lifestyle management and marketing firm, providing full service wealth management. Western Reserve Partners represented BC in its acquisition of MAI. “We are delighted to be able to combine these two fine companies,” said Rick Buoncore, BC’s managing partner. “The Western Reserve team provided an outstanding level of service to our firm through the many details of this acquisition and financing process.” About Western Reserve Partners Western Reserve Partners LLC is a Cleveland-based boutique investment banking firm that provides customized investment banking solutions for middle-market companies. The firm’s managing directors collectively have more than 150 years of experience and have directly executed more than 500 transactions and managed more than 1,300 transactions. For more information, visit www.wesrespartners.com. The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.