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  1. SPT Formed, First Two Investments Completed

    Fund IV announces the formation of Strong Precision Technologies (“SPT”).  SPT was established in partnership with experienced industry veterans to build a market leading company in the precision machining industry.  SPT has completed its first two investments with the acquisitions of Inland Midwest Corporation (“Inland Midwest”) and Comet Tool, Inc. (“Comet”).

    Comet, located in Elk Grove Village, Illinois, is a Tier One precision machining company that supplies machined parts and tools to the agricultural, construction and mining end markets.  Comet supplies over 470 SKUs, including bearings, plates and retainers used to manufacture motor graders, diesel engines, crankshafts, wheel loaders and tractors.  Comet was acquired in June 2011.

    Inland Midwest, located in Chicago, Illinois, is a manufacturer if high-precisioin spinal and orthopedic surgical instruments and implants with operations conducted under stringent quality and certification requirements.  Inland Midwest was acquired in October 2011.

    SPT is actively seeking acquisitions of precision machining companies that serve the medical, industrial and aerospace & defense end markets.

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