Premier Precision Group acquires Arrow Industrial

Premier Precision Group
Headquartered in Minneapolis, Minnesota, Premier Precision Group is a contract manufacturing business utilizing multiple manufacturing locations and a cohesive, unified approach, serving Aerospace, Defense, Medical, and other industrial markets via a bundled offering of
precision machining, fabrication, and related processing of components. Premier Precision Group is a portfolio company of Spell Capital Partners, LLC, a private equity and buyout firm based in Minneapolis, Minnesota. For more information: www.premierprecision.com.

Arrow Industrial specializes in production of precision machined parts and assemblies primarily for aerospace, medical, computer and custom machinery OEMs. Arrow Industrial has particular expertise in the fabrication of complex tubular assemblies as well as precision
machining of tubular components for a variety of fluid systems components. For more information: www.arrowindustrialltd.com.

Spell Capital Partners, LLC is a private equity buyout firm located in Minneapolis, Minnesota. We make $4 million-$12 million equity investments in well-managed, historically profitable manufacturing and distribution businesses. Spell invests in companies with revenues of at least $10 million. The firm has special expertise in plastics and metal fabrication industries. Strategic add-on investments for our existing
portfolio companies can be smaller. Spell is fully invested in its third fund and will be going to market with Spell Capital Partners Fund IV, LP in January 2010.

For more information about this transaction, please contact Steve Jones, Managing Director, at steve@spellcapital.com.

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