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Wilton, CT, May 16, 2012 – Altus Capital Partners, Inc. (“Altus”), a leading private equity investment firm focused on niche middle market manufacturing companies in the U.S., today announced that it has named Dale Cheney as a Principal in the firm. In that role, Mr. Cheney will be responsible for sourcing and closing new investments and working with Altus’ three partners in managing its existing portfolio.

At the same time, Altus noted that it has moved to a new office in Wilton Woods Corporate Campus in Wilton, CT, where Mr. Cheney will be based. The firm continues to maintain an office in Lincolnshire, IL.

Mr. Cheney has over 12 years of experience in private equity and buyout investing, executing over $5 billion of private equity transactions with a focus on niche manufacturing and consumer products. He joins Altus from Citicorp Venture Capital (“CVC”) and its successor fund, where he was a Principal. Prior to CVC, Mr. Cheney was an Investment Banking Associate in leveraged finance at Goldman, Sachs & Co. and, earlier, a Transaction Services Senior Associate in the Private Equity Group at PricewaterhouseCoopers.

“We are pleased to have an experienced professional like Dale join our Altus team to contribute to our success as a leading investor in the middle market manufacturing space,” said Elizabeth Burgess, Senior Partner of Altus. “Dale will play a key role in cultivating and driving new deal transactions while providing strong support to our portfolio.”

On the announcement of the new office space, Russell Greenberg, Managing Partner of Altus, said, “Our new offices in Connecticut will accommodate the need for additional space, now and in the foreseeable future. As we move ahead to invest our new fund and continue to target investment opportunities in the middle market manufacturing space, we will continue to support our portfolio companies and create shareholder value by selectively hiring highly qualified investment professionals.”

About Altus Capital Partners Based in Wilton, CT with an office in Lincolnshire, IL, Altus Capital Partners, Inc. invests alongside management in profitable small to medium-sized manufacturing companies to help seize growth opportunities and solve succession challenges. The partners of Altus Capital Partners have worked together for more than 15 years, refining a disciplined approach toward creating shareholder value by acquiring and growing unique manufacturing companies in the U.S. For more information on Altus, please visit www.altuscapitalpartners.com.