April 16, 2010

MSouth Closes the Acquisition of Vectorply Corporation

Atlanta, GA (April 16, 2010) – MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its newest investment. In partnership with management and Northstar Capital, MSouth completed the acquisition of Vectorply Corporation.

Vectorply is a developer and manufacturer of high-performance reinforcement fabrics used in composite materials. Vectorply produces a broad range of non-crimp fabrics for use in wind power, industrial, marine, sports/recreation and transportation applications. Approximately 83% of the Company’s sales are derived from fabrics made of glass fibers, with the remainder divided between carbon and aramid fibers. Vectorply’s products provide superior materials solutions when compared to traditional materials (such as steel, wood and concrete) and to earlier generations of woven composite reinforcement fabrics.

Mark Feidler, an MSouth Partner, said, “We believe the more than seven-year relationship between members of MSouth and Vectorply management is a significant advantage going forward. We are extremely excited to partner with a strong and proven management team that can continue to grow the business over the long term. Not only is Vectorply uniquely positioned to capitalize on the growth within the wind energy business, but it is also a leader in other end markets ranging from sports and recreation to industrial applications.”

MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued $25 – $125 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, distribution and specialty manufacturing companies. MSouth is a successor to Cravey, Green & Wahlen, Inc. which was founded in 1984. Total capital under management exceeds $1.0 billion.