Hamilton Robinson - Executive and Board Level Partnering Program

1. Davis-Standard LLC
Extrusion coating line
HRCP Portfolio Company
Hamilton Robinson Capital Partners
Realizing the promise in small companies for decades
Hamilton Robinson LLC
www.hrco.com

2. Hamilton Robinson Capital Partners
• We are a leading private equity firm with a distinct focus on niche industrial
manufacturing and related service businesses with revenues up to $100mm
• 20 year history of growing companies - over $1 billion of transactions
financed in over 40 companies
• Through our Executive Affiliate program, we form solid partnerships with
exceptional managers – we work together to find, own, manage and grow
successful businesses
Davis-Standard Magnatech Fitzpatrick
Leader in equipment to Leader in braiding equipment for Leader in particle process
produce aseptic packaging. high pressure hose manufacturing. equipment for the pharma industry.

3. Our Team
HRCP Principals
Scott Oakford Steve Crihfield Chris Lund Phil Cagnassola
Selected Executive Affiliates
Charlie Buckley Gordon Ettie Brad Goebel Mitch Haber

4. Executive Affiliate Program
• We work with proven executives to source attractive acquisition candidates
and together we work to build excellent companies – a rewarding personal,
business and financial proposition
• Our program today consists of over a dozen experienced executives with a
variety of backgrounds
• We are looking to expand our pool of Executive Affiliates in areas of
particular interest:
• highly engineered industrial products and systems
• process equipment
• environmental controls
• infrastructure development
• outsourced commercial services
• value added distribution

5. Case Studies
Upstream oil process systems
Houston, TX Plastic converting equipment
Joint venture with Baker Hughes Fulton, NY
Sales $46 million Family seller
Markets: Oil and gas producers Sales $33 million
Customers: Major, independent, Markets: packaging and films
state producers Customers: Kodak, 3M, Avery
Add-on Acquisition: KCC Group Ltd. Add-on acq/merger: Davis Standard
2nd partnership with longstanding Backed Executive Affiliate in
Executive Affiliate initial purchase and merger
New team and strategic redirection Instilled ownership mentality and
Add-on acquisition culture change
Substantial value added Lean initiative
Substantial value added
Realized investment February 2004
EBITDA growth: $7.0 to $14.5mm Realized investment October 2006
IRR: 67% Multiple: 3.4x EBITDA growth: $3.1 to $28.7mm
IRR: 66% Multiple: 6.3x

6. Executive and Deal Development
Targeted
Adjacencies
Industries
Executive Targeted
Affiliates Relationships

7. Summary Candidate Profile
• An established record of earnings growth and the creating value in past
executive positions
• Expertise within a specific industry niche segment and a clear explanation
of why it is an attractive time to invest
• An excellent reputation – both generally and within the industry segment -
and a broad network of contacts
• A leader with a realistic assessment of the right management team and
resources required
• A passion, commitment and maturity to run and achieve a meaningful
ownership in a business
• Definitive acquisition prospects and/or areas of specific investment focus