Acquires Majority Interest through Leveraged Recapitalization

Wilton, CT – Saugatuck Capital Company is pleased to announce its investment in Exocor Ltd., located in St. Catharines, Ontario, Canada. Saugatuck acquired a majority interest in Exocor by sponsoring the leveraged recapitalization of the Company. Saugatuck Capital Company VI provided the equity capital and, with management, owns 100% of Exocor. Royal Bank of Canada provided the senior debt financing and Roynat Capital, a subsidiary of The Bank of Nova Scotia, provided the mezzanine financing.

Established in 1997, 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 four locations across Canada and serves the U.S. market.

Founded in 1982, Saugatuck Capital Company is a long-established private investment firm committed to leveraged recapitalizations, buyouts, and growth equity investments in the lower middle-market. Sourcing investment opportunities through an unparalleled network of contacts, Saugatuck invests in profitable, well-established, service-driven businesses. The Firm has been dedicated to a philosophy of hands-on value creation in which exceptional management teams, in partnership with Saugatuck’s capital and expertise, build outstanding companies.