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Matrix Serves as Exclusive Advisor to Stevens Manufacturing Co., Inc. on its Transition to J.H. Whitney Capital Partners, LLC

RICHMOND, VA – August 20, 2014 – Matrix Capital Markets Group, Inc. is pleased to announce the transition of Stevens Manufacturing Co., Inc. (“Stevens Manufacturing” or the “Company”) to J.H. Whitney Capital Partners, LLC (“J.H. Whitney”). Stevens Manufacturing, based in Milford, CT, is a leading supplier of high quality precision parts, flight-critical components and complete sub-assemblies to the aerospace industry. The Company’s parts and sub-assemblies are used in numerous commercial and defense helicopter platforms. J.H. Whitney is a leading private equity firm based in New Canaan, CT and is currently investing its seventh fund.

Matrix Capital Markets Group served as exclusive financial advisor to Stevens Manufacturing. The transaction was led by Mike Morrison, David Shoulders, William O’Flaherty and Pratik Thakral. Mike Morrison, President of Matrix, commented, “This is an excellent outcome for the Company, its management team, its employees and its customers. From prior experience with J.H. Whitney, we are confident Stevens Manufacturing is in the right hands and is poised for continued growth.”

Stephen Fogler, President of Stevens Manufacturing said, “Matrix did an outstanding job of identifying a partner that both shared my vision and accomplished my goals in this transaction without a prolonged and time-consuming auction process. I look forward to the opportunity to partner with J.H. Whitney and to continue to serve all of our customers’ needs.” As part of the transaction, Mr. Fogler will retain partial ownership of Stevens Manufacturing and remain with the Company in his current role as President and CEO.

Bob Williams, Senior Managing Director of J.H. Whitney added, “Steve has a unique passion for the business that has been the driving force behind the Company’s rapid growth and success. Our partnership with Steve and his team provides a platform for which accelerated growth can be achieved, while ensuring that we stay loyal to the quality and customer service that have become synonymous with Stevens Manufacturing.”

The Company was advised by R. Eugene Torrenti, LLC, counsel to the seller, and T.M. Byxbee Company, the sellers’ accountants.

About Matrix Capital Markets Group
Matrix Capital Markets Group, Inc. is an independent, advisory focused, privately-held investment bank headquartered in Richmond, VA. Since 1988, Matrix has provided merger & acquisition and financial advisory services for privately-held, private-equity owned and publicly traded companies, including sell-side M&A advisory, recapitalizations, asset divestitures, corporate valuations, corporate recovery, buy-side M&A advisory, capital raises of debt and equity, management buyouts, corporate advisory and fairness opinions. Matrix has served clients in a wide range of industries, including building products, business services, consumer products, energy & multi-site retail, healthcare, industrial products, lumber and media & communications. For additional information, please visit www.matrixcmg.com.

Securities offered by Matrix Private Equities, Inc., an affiliate of Matrix Capital Markets Group,  Inc., Member FINRA & SIPC.