Shelton, CT – September 12, 2018. Saugatuck Capital Company is pleased to announce the successful sale of Exocor Ltd. (“Exocor”) to investor group August Corporate Partners. Saugatuck Capital Company along with management acquired control of Exocor in 2009 and added competitor Controlled Products Group (“CPG”), a former division of Special Metals Corporation, in 2012. Exocor is Canada’s leading solution-seller of high performance welding filler metals used for fabrication, repair and refurbishment across a diverse group of heavy industries including oil and gas, power generation and infrastructure. Products include electrodes, wires, fluxes, strip and consumable inserts needed to create high performance welds required by demanding environments. The Company has built its reputation based on a superior product line, industry leading technical knowledge, and superior support. The Company has locations across Canada and the U.S.

Founded in 1982, Saugatuck is a long-established private investment firm committed to leveraged recapitalizations and buyouts as well as growth equity investments in the lower, middle market. Sourcing investment opportunities through its well-established network, Saugatuck invests in service-intensive businesses demonstrating a proven ability to generate stable, growing cash flows where it has the requisite experience to drive accelerated portfolio company performance. For over three decades, the Firm has been dedicated to the philosophy of hands-on value creation in which exceptional management teams, in partnership with Saugatuck’s capital and expertise, build companies of outstanding value. For further information regarding Saugatuck Capital and its investments, please visit www.saugatuckcapital.com.