News

FOR IMMEDIATE RELEASE

Resilience Capital Partners announces the sale of ASC Signal Corporation’s
DTH, VSAT and Skyware business units

Cleveland, OH – June 5, 2009 – Resilience Capital Partners has completed the sale of certain assets of its portfolio company, ASC Signal Corporation, to Raven Industries, a portfolio company of The Edgewater Funds and Granahan McCourt Capital. The Direct-to-Home (DTH), Very Small Aperture Terminal (VSAT) and Skyware Radio Systems business units comprised the transaction.  These business units include manufacturing operations in North Carolina and engineering offices in England, Scotland and Germany.

ASC is a leading global manufacturer serving government, military, broadcast and enterprise satellite communication applications. This non-core asset divestiture was a long-term strategic goal and further positions ASC for continued growth. ASC was acquired by Resilience in January 2008 from Andrew Corporation, currently a CommScope, Inc. subsidiary.

"Along with the Resilience team, the management and employees of ASC worked together to achieve significant accomplishments over the last year to increase productivity, profitability and cost savings. The successful completion of this transaction exemplifies our focus on strategic execution," said Bassem Mansour, Co-CEO of Resilience.

About Resilience Capital Partners

Headquartered in Cleveland, Ohio, Resilience is a leading private equity firm specializing in investing in lower middle market companies within a broad range of industries. Resilience’s value oriented investment strategy is to acquire companies with solid business prospects in a wide variety of special situations including underperformers, corporate divestitures, turnarounds and orphan public companies. Since its inception in 2001, Resilience has acquired 16 companies with total revenue in excess of $1.5 billion. In January 2009, Resilience won the 2008 Private Equity Firm of the Year Deal Makers Award from the Association for Corporate Growth. For more information, please visit www.resiliencecapital.com

About ASC Signal Corporation

ASC Signal is a global manufacturer of Satellite Earth Station, Air Traffic Control Radar Antenna and High Frequency Antenna products with over 70 years experience in the design and manufacture of communications products. In addition to hardware, ASC Signal provides solutions-based services such as turn-key system design, engineering, installation test and maintenance, product integration and program management. With operations located in the United States and Canada and with a worldwide sales organization, ASC is able to offer exceptional customer support, service and quality. For more information, please visit www.ascsignal.com

Contact Information

Resilience Capital Partners
Bassem Mansour
(216) 292-0200
bmansour@resiliencecapital.com
Logo: ASCSignal