The Altus approachto growth is
to create long-term value

Acquisition reflects firm’s investment focus on U.S.-based manufacturers with proprietary technology

Westport, CT, November 15, 2011 – 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 Altus Capital Partners II, L.P. along with members of management acquired Models & Tools, which designs and manufactures tight tolerance advanced tooling systems for the aerospace and defense industries.Models and Tools’ senior management team will remain in place and maintain a significant equity stake in the Company going forward. Terms of the transaction were not disclosed.

The Models & Tools investment is the first in the firm’s second fund, Altus Capital Partners II, L.P., which closed in October with $200 million in commitments.

Greg Greenberg, Co-founder and Senior Partner, Altus Capital Partners, said, “As investors with an exclusive focus on U.S.-based manufacturers with proprietary technology, we feel confident in Models&Tools’ future and its ability to continue to deliver outstanding product offering andservice to its aerospace customers. By providing access to additional capital, we will support an excellent management team and fund its growth strategy in this key market sector.”

Models & Tools CEO Jeff Cunninghamsaid,“We welcome Altus to the Models & Tools team. We are excited about the road ahead as we continue to invest in our future and our customers’ success. Our customer commitment of nearly 40 years remains unchanged – to help them address complex production and performance issues through comprehensive program management that incorporates the latest technology and applies innovative solutions.”

Phil Neale, Models & Tools’ President, added, “All of us at Models & Tools look forward to our partnership with Altus. It provides a great opportunity for us to continue the growth that we have experienced and to provide our customers with additional capabilities and capacities.Over the years we have strived to meet our initiatives in the areas of quality, delivery, and price, but it is integrity that drives us. I’m pleased to say that Altus has shown that they possess that same level of integrity.”

About Models & Tools
Founded in 1974, Models & Tools designs and manufactures assembly tooling systems for the aerospace and defense tooling industry. The Company’s products are integral to commercial and military aircraft applications and include assembly fixtures, N/C machined bond and cure tools, workstands, drill & trim tools, molds and facilities equipment integrated with light automation. Models &Tools’ 115,000-square-foot office and climate-controlled manufacturing facility is located in Shelby Township, Michigan.

About Altus Capital Partners 
Based in Westport, 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.