ShoreView Announces Sale of Abrasive Products and Equipment, LLC

ShoreView is pleased to announce the successful sale of Abrasive Products and Equipment, LLC (“APE”) to Ridgemont Equity Partners. ShoreView partnered with APE through a leveraged recapitalization in July 2010.

The owner/managers of APE were seeking diversification of their net worth and a strong financial partner to support their aggressive growth initiatives. ShoreView structured a transaction that:

• Provided liquidity to the owner/managers
• Allowed management to retain a meaningful ownership position
• Created an ownership incentive plan for key managers

The results of this partnership were exceptional as ShoreView and APE completed four complimentary add-on acquisitions, opened three new greenfield facilities, and expanded APE’s product and service offerings. As a result, revenue and earnings increased significantly during ShoreView’s ownership period.

About Abrasive Products and Equipment

APE is a leading, value-added specialty supplier of safety, surface preparation, and environmental products and solutions. APE’s products include specialty abrasives, blasting equipment and accessories, and replacement parts used in the surface preparation, environmental management, and waterjet cutting industries.

About ShoreView Industries

ShoreView Industries, based in Minneapolis, manages $900 million in private equity funds. ShoreView invests in established, middle-market companies with operations in North America, across a wide range of industries. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.