Vance Street Capital Acquires Micronics, Inc.

Existing Management Team to Partner with Vance Street and Have Significant Ownership Stake in the Company

LOS ANGELES – April 1, 2013 – Vance Street Capital LLC, a Los Angeles-based private equity firm, today announced that it has acquired a majority interest in Micronics Inc., a global provider of aftermarket filtration products and OEM custom filter presses. Micronics’ management team will also have a significant ownership stake in the business. Terms of the transaction were not disclosed.

Headquartered in Portsmouth, New Hampshire, Micronics provides filtration products to varied industries worldwide including mining, chemical, wastewater, metals, and food and beverage. The company also has locations in the United Kingdom.

“We look forward to working closely with Barry Hibble and the entire Micronics management team to help the company capitalize on the many growth opportunities it has before it, both here and abroad,” said Jake Blumenthal, principal at Vance Street Capital. “We focus on investing in companies that provide engineered solutions to blue chip customers and we feel that Micronics is perfectly positioned to continue to gain market share.”

“In Vance Street, we could not have found a better partner as Micronics enters its next phase of growth,” said Micronics Chief Executive Officer Barry Hibble. “The firm has extensive experience working with manufacturers as well as a deep understanding of operations. This transaction is a positive development for our company and our hard-working employees as we look to the future with our new partners.”

The Micronics transaction represents Vance Street’s seventh platform acquisition in its current fund.

The acquisition was funded with debt from FS Investment Corporation, which is sub-advised by an affiliate of GSO Capital Partners LP (Blackstone’s credit business). Paul Hastings LLP acted as legal advisor to Vance Street Capital.

About Vance Street Capital LLC

Vance Street Capital is a middle-market private equity firm focused on investing in highly engineered solutions businesses across the industrial technology, medical, life science, aerospace and defense sectors. For over two decades, Vance Street’s partners have worked with management teams and family owners to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio. For more information please visit: www.vancestreetcapital.com.

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