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April 6, 2005

Brown Gibbons Lang & Company Names Four New Partners

Brown Gibbons Lang & Company (BGL), a leading cross-border, middle-market investment banking firm, today announced that four managing directors have become partners and that co-founders Michael E. Gibbons and Scott H. Lang have assumed the titles of chairman and chief executive officer (CEO), respectively.

“Our deal flow, both domestic and international, continues to grow. Four excellent professionals have significantly contributed to this growth,” said Michael E. Gibbons, senior managing director and chairman. “Today we announce two ways in which our firm is evolving to enable us to maintain our commitment to experienced senior level attention and unparalleled client service on every transaction.”

“First, four of our managing directors are joining the firm partnership. Second, Scott Lang and I are taking this opportunity to further define our roles. This will enable both of us to remain closely involved in client matters by apportioning responsibility for firm matters.”

The new partners are Scott T. Berlin and James C. Miller, based in BGL’s Cleveland office, and Stephen J. Miles and David C. Sulaski, based in Chicago. They join Gibbons, Lang, and Andrew Petryk, a partner based in the firm’s Cleveland office, to comprise the firm’s expanded management committee.

“These four outstanding professionals have considerable skills and experience in wide-ranging areas of business and finance, and exceptional relationships within the middle-market business community,” said Scott H. Lang, senior managing director and CEO. “It is appropriate that they become partners of the firm that they have been helping to build and we are very proud to have them as partners.”

Scott Berlin has over ten years of M&A and restructuring experience, and leads coverage of value oriented financial sponsor groups and other similarly focused investors. Scott also has extensive metals industry experience.

Jim Miller is an expert in industrial and electrical products distribution, having worked with many of the top firms in the industry on sell-side, buy-side, and restructuring transactions since joining BGL. Jim also has deep experience in the food and beverage sector.

Steve Miles has extensive M&A and capital raising experience across a broad spectrum of industries. He also has unique knowledge of global leveraged finance and the debt capital markets generally.

David Sulaski heads BGL’s private equity practice and directs the firm’s other business development activities. He is also responsible for coordinating BGL’s global transactions within Global M&A, a partnership of 24 investment banking firms located in 25 countries around the world, of which BGL is the U.S. member firm.

BGL also announced other promotions. In Cleveland, William P. Watkins has been promoted to director and Cameron S. Miele has been named vice president. In Chicago, Scott M. Hasley has been promoted to director and Michael D. Shaffer has been named senior associate.

“Our firm’s most valuable assets are its people and its culture,” said Lang. “Today’s announcements reflect the tremendous results being accomplished by all of the firm’s professionals on behalf of our growing client base.”

About Brown Gibbons Lang & Company

Brown Gibbons Lang & Company is a leading independent investment bank serving middle market companies and their owners throughout the U.S. and internationally. BGL’s professionals are experts in mergers & acquisitions, debt & equity placements, and financial restructurings. BGL is the U.S. partner in Global M&A, the world’s leading working partnership of investment banking boutiques. More information on Brown Gibbons Lang & Company can be found at www.bglco.c