November 9, 2012 — Yukon Partners (“Yukon”) announced today that it has completed mezzanine debt and equity co-investments in Tex Tech Industries, Inc. (“Tex Tech” or the “Company”). The transaction was an acquisition of the privately-owned business by ShoreView Industries (“ShoreView”), in partnership with Tex Tech’s senior management team.Tex Tech develops and manufactures over 1,500 engineered, high performance materials and products for niche applications. The Company’s products include ballistic materials for soft body armor; fire blocking, thermal, and insulation used in aircraft; high temperature filtration applications used in the power plant, cement, and asphalt industries; and tennis felt used in tennis balls. The Company serves a diverse base of over 400 customers across a number of markets including aerospace, law enforcement and military, filtration, sporting goods, and industrial. Tex Tech was founded in 1904 and is headquartered in Portland, Maine.Thomas D’Ovidio, Partner at ShoreView, said, “We are very excited to partner with Yukon on Tex Tech. They brought relevant end market expertise and were very responsive throughout the closing process.”

William Dietz, Managing Partner at Yukon, said, “Tex Tech has unique manufacturing capabilities and we believe the Company is well positioned to make further inroads in the diverse end markets it already serves. ShoreView’s value-added operating expertise coupled with management’s experience will provide a foundation for continued success. We are excited to have this opportunity to partner with ShoreView.”

About Tex Tech

Tex Tech (www.textechindustries.com) develops and manufactures over 1,500 engineered, high performance materials and products for niche applications. The Company’s products include ballistic materials for soft body armor; fire blocking, thermal, and insulation used in aircraft; high temperature filtration applications used in the power plant, cement, and asphalt industries; and tennis felt used in tennis balls. The Company serves a diverse base of over 400 customers across a number of markets including aerospace, law enforcement and military, filtration, sporting goods, and industrial. Tex Tech was founded in 1904 and is headquartered in Portland, Maine.

About Yukon Partners

Yukon Partners (www.yukonpartners.com) is a mezzanine finance firm dedicated to serving middle market private equity sponsored business transactions with a typical investment range of $10 to $40 million in the U.S. and Canada. The transactions in which Yukon invests include Buyouts, Growth and Platform Strategies, Recapitalizations, Mergers/Acquisitions, Public to Private Buyouts, and Refinancings. Yukon Partners is based in Minneapolis, Minnesota.

About ShoreView Industries

ShoreView Industries (www.shoreviewindustries.com) manages $600 million in private equity funds. ShoreView invests in established companies with operations in North America, across a wide range of industries. The transactions in which ShoreView invests include Buyouts, Recapitalizations and Platform Strategies, typically in businesses with revenues ranging between $20 million and $300 million. The partners at ShoreView have completed over 75 investments together since 1995. ShoreView is based in Minneapolis, Minnesota.

For more information, please contact:

William L. Dietz
Yukon Partners
612-435-7804
info@yukonpartners.com