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Capital Partners Exits Roll Rite

Capital Partners Holdings, Inc. (“Capital Partners®”) is pleased to announce that on November 30, 2018, Capital Partners Private Equity Income Fund, LP, co-investors and Roll·Rite® management owners sold Roll·Rite®, LLC (“Roll·Rite®” or the “Company”) (www.rollrite.com) to SafeFleet Holdings, LLC (“SafeFleet”), a portfolio company of Oak Hill Capital Partners. Roll·Rite® designs and manufactures state-of-the-art, automated tarp systems for the heavy duty trucking industry serving the construction, agriculture, waste and recycling markets. Roll·Rite® and Pultarps branded systems quickly and reliably contain and protect payloads, create a safer working environment for drivers, and maximize operator return-on-investment by increasing revenues and reducing cost of ownership. Roll·Rite® sells to fleets, distributors, truckbody and trailer manufacturers, and operates three installation centers. It is estimated that there are more than 150,000 trucks and trailers on the road today equipped with a Roll·Rite® or PullTarps branded system.

Roll·Rite® President, Brad Templeman commented, "Capital Partners® support and their equity-rich investment structure involving only moderate debt and a distribution income enabling long-term ownership, empowered Roll·Rite® to accelerate its strategic development during our seven-year partnership. Together, our accomplishments included a larger, more-efficient plant, implementing lean manufacturing, increasing our investment in engineering and product development, defending our intellectual property, opening an additional installation center, and completing two corporate acquisitions.”

Current management of Roll-Rite will continue to lead the business going forward within Safe Fleet. Brad Templeman remarked “This is a great outcome because joining Safe Fleet validates Roll·Rite®’s leadership in automated tarp systems for the global heavy-duty trucking market while also providing a catalyst for future growth.”

Cleary Gull served as exclusive financial adviser to Roll·Rite® and its investors.

Safe Fleet (www.safefleet.net), headquartered in Belton, Missouri, owns a portfolio of brands that provide safety and productivity solutions to fleet vehicle manufacturers and operators around the world. These brands serve several major markets including: Bus, Rail, RV, Truck & Trailer, Work Truck, Law Enforcement, Emergency, Waste, Industrial, and Military. With over 1500 employees and 14 manufacturing locations, Safe Fleet targets markets with increasing demand for operator, passenger, and pedestrian safety.

Cleary Gull, (www.clearygull.com/ib) is an independent investment banking firm advising privately held companies on middle market sales, divestitures, mergers and acquisitions, private debt and equity capital raises, and other transactions. Cleary Gull has extensive experience in the manufacturing, consumer, business & industrial services, and software and technology industries.

Capital Partners® (www.capitalpartners.com), located in Norwalk, Connecticut, is a private equity firm founded in 1982. We currently manage over $1 billion in investments and commitments and our principals have invested in more than 100 platform and add-on acquisitions. We are currently investing from a $600 million fund focused primarily on manufacturers, value-added distributors, food, chemical, consumer products and business service companies and offer a differentiated, low-leverage, distribution yielding approach to private equity investing to create equity partnerships with continuing management.

Please contact John Willert, jwillert@capitalpartners.com with investment opportunities.

About Capital Partners

Capital Partners (www.capitalpartners.com) is a private investment firm founded in 1982. Our principals have invested in more than 90 platform and add-on acquisitions across a variety of industries. Based on the combination of solid investment discipline and our low leverage approach, we have successfully partnered with management teams through multiple economic cycles.