News

July, 10 2006 – Albright Capital Partners LLC (ACP), a New York, NY and Buffalo, NY based private investment firm, is pleased to announce the acquisition of AP Wagner, Inc. Key managers will remain with the Company and are co-investors in the transaction. In addition, the Company has recruited a new CEO after an extensive national search within the industry. He is also a co-investor. Terms of the acquisition are not being disclosed.

Headquartered in Depew, New York, AP Wagner is a leading national fulfillment company serving the appliance parts industry. In addition to traditional distribution services, AP Wagner provides fully branded and integrated call center solutions for leading appliance retailers, big box home improvement centers and appliance manufacturers throughout North America. The Company was founded in 1928 and family-owned until the transaction.

AP Wagner is an important platform acquisition for Albright Capital Partners in an industry and geography ACP has experience in. “We see AP Wagner as an excellent platform for growth in an industry that isn’t going away and is only now coming into it’s own as newer appliances continue to trend towards having more accessories and consumables. In addition, the Company’s excellent US based call center capabilities provide an excellent opportunity for growth outside of its traditional markets,” said Adam C. Greenberger, Managing Partner of Albright Capital Partners. “We are especially excited to be partnering with AP Wagner’s new and existing management team. The Company’s key managers were instrumental in working with ACP to recruit one of the best CEO’s in the industry and we all look forward to working together to continue to build on AP Wagner’s 78 year history of success,” added Greenberger.

Albright Capital Partners LLC (ACP) is a private investment company specializing in buyouts of lower-middle and middle market companies. Unlike traditional private equity funds that are often driven by the desires and goals of a static group of limited partners and investors, ACP makes its investments from within its own partnership, which includes a committed pool of high net worth individuals. Our strategy is to match each investment with appropriate investors who share the same goals. This allows ACP to go beyond what traditional funds will do by looking at special situations, longer-term investments and a broader range of opportunities.



	News July, 10 2006 – Albright Capital Partners LLC (ACP), a New York, NY and Buffalo, NY based private investment firm, is pleased to announce the acquisition of AP Wagner, Inc. Key managers will remain with the Company and are co-investors in the transaction. In addition, the Company has recruited a new CEO after an extensive national search within the industry. He is also a co-investor. Terms of the acquisition are not being disclosed. Headquartered in Depew, New York, AP Wagner is a leading national fulfillment company serving the appliance parts industry. In addition to traditional distribution services, AP Wagner provides fully branded and integrated call center solutions for leading appliance retailers, big box home improvement centers and appliance manufacturers throughout North America. The Company was founded in 1928 and family-owned until the transaction. AP Wagner is an important platform acquisition for Albright Capital Partners in an industry and geography ACP has experience in. “We see AP Wagner as an excellent platform for growth in an industry that isn’t going away and is only now coming into it’s own as newer appliances continue to trend towards having more accessories and consumables. In addition, the Company’s excellent US based call center capabilities provide an excellent opportunity for growth outside of its traditional markets,” said Adam C. Greenberger, Managing Partner of Albright Capital Partners. “We are especially excited to be partnering with AP Wagner’s new and existing management team. The Company’s key managers were instrumental in working with ACP to recruit one of the best CEO’s in the industry and we all look forward to working together to continue to build on AP Wagner’s 78 year history of success,” added Greenberger. Albright Capital Partners LLC (ACP) is a private investment company specializing in buyouts of lower-middle and middle market companies. Unlike traditional private equity funds that are often driven by the desires and goals of a static group of limited partners and investors, ACP makes its investments from within its own partnership, which includes a committed pool of high net worth individuals. Our strategy is to match each investment with appropriate investors who share the same goals. This allows ACP to go beyond what traditional funds will do by looking at special situations, longer-term investments and a broader range of opportunities.