High Peaks Broadcasting is a radio company formed by long-time, Chicago-based broadcaster Chris Devine. High Peaks has employed a “move-in” strategy by purchasing KXUU-FM in Estes Park, CO and rebranding and reformatting it into KXDC-FM 102.1.
	Marathon Media owns Midwest and northwest regional clusters of AM & FM radio stations. Marathon is led by Chris Devine and his management team to acquire and operate radio stations in smaller markets.
	National Metalwares is a leading integrated manufacturer of tubular steel components for household and juvenile products and commercial furniture, as well as for sporting goods equipment, lawn and garden equipment and toys. The Company, jointly purchased with its management team, was acquired from Varlen Corporation (NASDAQ).
	Precision Products Group, Inc. is a leading manufacturer in two business segments: a) specialty springs; and b) wound paper and plastic tubing. The Company's plants are located in College Park, MD; Muskegon, MI; Elyria, OH; and Ft. Wayne, IN. The Company was purchased with members of its management from CLARCOR, Inc. (NYSE).
	Simplex Manufacturing Co. is a leading manufacturer in the business of designing and manufacturing aerial firefighting, open water oil pollution control, agricultural spray equipment and other related accessories for helicopters.
	U.S. Ring Binder is a specialty manufacturer and distributor of ring metal mechanisms used in three-ring binders, catalogs and other products. It offers competitively priced standard mechanisms manufactured through two Chinese joint ventures, as well as custom binding mechanisms manufactured in its St. Louis facility. The Company was purchased with members of its management from General Binding Corporation (NYSE).

Our Investments—Realized

Aura · Karlskrona, Sweden
Acquired 1998; Sold 2000
Light source products for the commercial and industrial markets

Belmor Manufacturing Limited Partnership · Chicago, Illinois
Acquired 1988; IPO Issued 1994, NASDAQ (TRUX); Sold 1998
Manufacturer of specialty accessories for the heavy duty trucking industry.

Cherry Tree Toys, Inc. · Belmont, Ohio
Acquired 1992; Sold 2000
Specialty mail-order distributor of wooden craft kits, hand tools and related supplies for the home hobbyist.

Consolidated Industrial Plastics, L.P. · Chicago, Illinois
Formed 1992; Liquidated 1994
Distributor of plastic pipes, valves, fittings and related fabricated components.

Continental Scale Corporation · Bridgeview, Illinois
Acquired 1984; Sold 1988
Manufacturer of scales for the medical and consumer markets.

Copperfield Chimney Supply, Inc. · Fairfield, Iowa
Acquired 1990; Sold 2000
Specialty catalog supply company serving the chimney sweep trade.

Deflecta-Shield Corporation · Indianola, Iowa
Acquired 1990; IPO Completed 1994, NASDAQ (TRUX); Sold 1998
Leading manufacturer of light and heavy duty truck bug deflectors and a leading manufacturer of other light and heavy duty truck accessories, including running boards, toolboxes and lift kits.

Delta III, Inc. · Sturgis, Michigan
Acquired 1994; Sold 1998
Manufacturer and marketer of high quality pick-up truck tool boxes, running boards and other accessories.

Doehler-Jarvis Company – Toledo, OH
Acquired 1990; Sold 1995
Manufacturer of aluminum die cast automotive parts sold to OEM’s.

DuroLite International, Inc. · Fairfield, New Jersey
Formed 1995; Liquidated 2000
Two operating subsidiaries manufacture and distribute specialty light bulbs.

Elm Packaging Company, L.P. · Memphis, Tennessee
Acquired 1993; Sold 1998 & 2003
Manufacturer of foam polystyrene packaging.

E-Z International, Inc. · Saddlebrook, New Jersey
Acquired 1996; Sold 2000
Leading marketer of quilting, sewing and crafting notions and “how to” books for the retail/home sewing craft market.

Foxwood Manufacturing & Distributing Co., Inc. · Olney, Illinois
Acquired 1995; Limited Partnership Interest Sold in 1997
Leading distributor and manufacturer of high quality equestrian products serving both the English and western riding markets.

Gelco, Inc. · Southern Pines, North Carolina
Acquired 1995; Sold 2000
Leading manufacturer of chimney caps and other stainless steel and galvanized steel accessories for the chimney industry.

GolfMark Limited Partnership · Plano, Texas
Formed 1991; Partnership Interests Sold 1998
Golf course management company.

Goode Furniture Companies, L.P. · Highland Park, Illinois
Formed 1992; Limited Partnership Interest Sold 1995
Acquires furniture manufacturers selling to mass merchandisers.

Harris & Mallow, Inc. · Lakewood, New Jersey
Acquired 1985; Sold 1994
Major manufacturer of decorative wall clocks and indoor electric grills.

Lending Textile Co., Inc. · Williamsport, Pennsylvania
Acquired 1997; Sold 2000
Manufacturer of decorated trimmings such as braided, knitted and corded products.

PGE Park - Portland, OR
Acquired 1999; Sold 2004
Home to the Triple-A Baseball Portland (Oregon) Beavers, A-League Soccer Portland Timbers and Single-A Baseball Tri-City (WA) Dust Devils, as well as special events.

Pudliszki S.A. – Leszno, Poland
Acquired 1994; Sold 1997
Leading food processing company specializing in ketchup and related sauces.

Quintessence, Inc. – Chicago, IL
Acquired 1988; Sold 1991
Manufacturer of personal care products sold through mass merchandisers, including Jovan and Aspen fragrances, VitaBath and Yardley of London.

SealRite Windows, Inc. · Lincoln, Nebraska
Acquired 1985; Merged 1994
Manufacturer of wood windows for residential construction and remodeling.

SNE Enterprises Limited Partnership · Wausau, Wisconsin
Acquired 1987; Sold 1989
National manufacturer of wood windows, doors and related products.

Stambaugh Hardware Company – Youngstown, OH
Acquired 1997; Liquidated 2000
Regional hardware store chain.

Trailmaster Products, Inc. · Coldwater, Michigan
Acquired 1994; Sold 1998
Leading producer and marketer of pick-up truck and sport utility vehicle aftermarket suspension lift and lowering kits.

Wickes Lumber Company – Vernon Hills, IL
Acquired 1988; Sold 1993
National operator of lumberyards.

Wm. E. Wright Limited Partnership · West Warren, Massachusetts
Acquired 1989; Sold 2000
Major manufacturer and marketer of decorative ribbon, lace, tape, braid and trimming for use in the retail home sewing/craft industry.