July 23, 2012 — Yukon Partners (“Yukon”) announced today that it has completed an investment in Hi-Tech Manufacturing, LLC (“Hi-Tech” or the “Company”). The transaction was an acquisition of the privately-owned business by May River, the Pohlad Family, and Yukon in partnership with Hi-Tech’s senior management team.

Hi-Tech is a manufacturer of low-to-medium volume, highly engineered, precision machined components and assemblies for the energy, medical, scientific laboratory, and diversified industrial markets. The Company is headquartered Schiller Park, Illinois.

Tim Weaver, CEO of Hi-Tech said, “We are excited to partner with May River, the Pohlad Family and Yukon.  They provide significant capital backing, strategic support and experience in the manufacturing sector, as well as within our core end-markets, that will help our company continue to grow and deliver world class quality, service and value to our customers.”

“Yukon played an instrumental role in the Hi-Tech transaction and added value to May River and our partnership group through every phase of the transaction process. We look forward to working with Yukon, the Pohlad family and management in realizing Hi-Tech’s full potential in the years to come,” stated Chip Grace, Partner at May River.

“Hi-Tech is a leading and well-respected organization within the precision manufacturing industry. The Company’s management team has done an excellent job in managing and growing the business, and also establishing a blue-chip customer base.  Yukon is excited to partner with management, May River and the Pohlad Family, and we know that each will provide a balance of strategic and operational excellence to further drive the Company’s success,” said Bill Dietz, a Managing Partner at Yukon.

About Hi-Tech Manufacturing  

Hi-Tech (www.hi-tech-mfg.com) is a world class manufacturer of low-to-medium volume, mission-critical precision machined components and assemblies. The Company is regarded as the preferred contract manufacturer for its customer’s most critical, tight tolerance and difficult to manufacture components. These components and assemblies are used in deep sea and land-based drilling rigs and production equipment, oil and gas exploration systems, medical imaging equipment, blood and urine analysis systems, power grid applications, automated industrial machinery, and other sophisticated applications.

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.

About May River Capital

May River (www.mayrivercapital.com) is an independent private equity investment firm that seeks to invest its own capital, as well as partner with like-minded equity co-investors, in high quality businesses with excellent management teams and the potential for significant growth and value enhancement. May River was founded in January 2012 by three partners with over 40 years of principal investing experience. May River raises equity capital on a deal-by-deal basis from family offices, mezzanine funds, co-invest funds, industry executives, high net worth individuals, and other private equity firms.

About the Pohlad Family

The Pohlad family has a history of successfully investing with great management teams to create outstanding companies and long term value.  Since the 1950’s, Carl R. Pohlad and his family have invested in and built a diverse set of businesses encompassing banking, financial services, entertainment, commercial real estate, retail, automotive, energy, and technology industries, as well as ownership of Major League Baseball’s Minnesota Twins. Managed today by the second generation of the Pohlad family, their business interests continue to grow and diversify, while their companies remain united through common ownership, shared values, and commitment to customers and employees. For more information on the Pohlad family, please visit www.pohladcompanies.com.