Greg S. Feldman, a managing partner of Wellspring said, “We are very pleased to add Alex and Josh to our partnership. Over the years, both Alex and Josh have played an integral role in the growth and development of Wellspring and our current portfolio companies. We are confident they will continue to add value and expertise to our existing and future investments.”

Mr. Carles has been with Wellspring for seven years. Prior to joining the firm in 2001, he spent several years at Whitney & Co., where he was a senior associate in the firm’s middle market buyout group. During his time at Whitney & Co., Mr. Carles worked on a range of transactions in industries such as plastics, consumer products, and telecommunications and media investments. Prior to Whitney, Alexander was a high yield research analyst with Lehman Brothers, Inc. Mr. Carles graduated with honors from the College of William & Mary with a Bachelor of Arts degree in economics.

Mr. Cascade joined Wellspring in 2002 from Odyssey Investments, where he spent four years working on a number of leveraged acquisitions and recapitalizations of middle market companies. Prior to joining Odyssey, Mr. Cascade was an associate with The Blackstone Group in the restructuring group, advising clients on corporate turnarounds, debt restructurings and Chapter 11 reorganizations. Mr. Cascade received a Bachelor of Business Administration degree from the University of Michigan.

About Wellspring Capital Management

Wellspring Capital Management LLC is a New York-based private equity firm that manages more than $2.0 billion in equity capital. The firm is focused on acquiring companies where it can realize substantial value by contributing management expertise, innovative operating and financing strategies and capital. For additional information, please visit www.wellspringcapital.com.