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MCP Portfolio Companies

MCP1 Overview
Monument Capital Partners 1 (MCP1) has mezzanine investments, with equity participation, in middle market companies in the manufacturing, distribution and service industries. MCP1 invested between $500,000 and $2,000,000 in historically profitable companies with a track record of positive cash flow. The fund had over $13 million in committed capital and has invested in a total of eight companies. MCP1 focused primarily on investments in Indiana and other parts of the Midwest.

MCP1 is now closed and has realized all of its assets. MCP1 ranked in the top IRR quartile for vintage year 1997 mezzanine/buyout funds.


MCP1 Portfolio Companies
Citadel Architectural Products
CT Acquisition Corp.
Dronen Consulting, Inc.
Lake City Acquisition Corp.
New Polar LLC
Presidential Holdings, LLC
Presidential, Ltd.
Service Design Associates, Inc.

Citadel Architectural Products
Citadel Architectural ProductsCitadel Architectural Products is a manufacturer and marketer of specialty building products for the nonresidential building construction market. The company is headquartered in Indianapolis. These products include aluminum-faced composite wall panel systems engineered for new and retrofit building exteriors, aluminum-faced composite panels sold to the canopy and signage industries, and pre-finished architectural siding with an aluminum-bonded plywood core for the commercial and institutional building industry. Citadel utilizes a dealer and distributor network covering the United States and Mexico. The Company's heaviest concentration currently is in the Midwest and Northeastern United States. Typical commercial applications for the metal-skinned exterior panels include schools, office buildings, glazing infills, and signage. Typical applications for the plastic and melamine surface interior wall panels include modular buildings, airplane walkways, ceilings and cleanrooms. MCP1 provided $1,250,000 in senior subordinated loans.

Citadel has repaid 100% of its original note, plus interest, and the warrant through a recapitalization of the Company led by its management team.

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CT Acquisition Corp.
CT Acquisition Corp.CT Acquisition Corp. is a manufacturer of custom trailers used primarily by the construction, industrial equipment and utility industries, with its headquarters in Indianapolis, Indiana, and a manufacturing facility in Griffin, Georgia. CT offers a diverse product line of trailers, including heavyweight trailers (20-30 ton capacity) offering both ramp and tilt-top models, low profile tilts and smaller ramp trailers, tandem and triple axle models. CT sells the majority of its products to heavy equipment dealers that offer the trailers as an add-on sale for the transportation of their primary sale of heavy equipment. MCP1 provided $900,000 in senior subordinated debt with warrants.

MCP1 was paid out in a recapitalization by the majority owners (principal and warrant).

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Dronen Consulting, Inc.
Dronen Consulting, Inc., is an award-winning technology company that provides products and services for the call center marketplace. Dronen is headquartered in Oakbrook Terrace, Illinois. The company focuses on software development and support, providing solutions for database and call center management. The company also provides custom software solutions, information technology infrastructure support and management and business process re-engineering. MCP1 provided $1,200,000 in senior subordinated debt with warrants.

Dronen has been sold to Level 7, a portfolio company of Willis Stein Partners which is an equity buyout fund located in Chicago.

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Lake City Acquisition Corp.
Lake City Acquisition Corp.Lake City Acquisition Corp., operating as Lake City Forge, is a QS-9000-qualified producer of close tolerance, closed-die and impression hot forgings, with its headquarters and a manufacturing facility in Lake City, Michigan. The company is a Tier 1 supplier of drive-line components and steering components. The company supplies these components to the automotive industry as well as part manufacturers for the Class 8 truck industry. The company is the sole supplier to a majority of its customers. MCP1 provided $1,000,000 in senior subordinated debt, as well as a follow-on investment of $500,000 in senior subordinated debt with warrants, for the acquisition of Paris Machinery Co., Inc., a machine shop located in Paris, Kentucky, and primarily engaged in machining forged products for the Class 7 & 8 truck market.

Lake City Forge has been sold to a fund managed by Code Hennessey & Simmons, an equity buyout fund located in Chicago.

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New Polar LLC
New Polar LLCNew Polar LLC is the largest producer and distributor of quality packaged ice in central Indiana, and is headquartered in Indianapolis, Indiana. Since the close of this transaction, the management team of New Polar has made 5 acquisitions of other regional ice companies in Indiana as well as in Louisville, Kentucky. Currently, the company commands approximately 90% of all pre-packaged ice sales in central Indiana, and continues to evaluate other opportunities in Michigan, Illinois, and Kentucky. MCP1 provided $2,000,000 in senior subordinated debt with warrants.

New Polar has been sold to a strategic buyer located in Cincinnati.

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Presidential Holdings, LLC
Presidential Holdings, LLC, (d/b/a American Preferred Fittings) purchased the assets of Presidential, Ltd., with MCP1 providing $2,000,000 in senior subordinated debt with warrants.

MCP1 is no longer an investor in Presidential Holdings, LLC.

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Presidential, Ltd.
Presidential, Ltd.Presidential, Ltd. is a manufacturer of small to mid-size pneumatic and hydraulic fittings for the automotive, aircraft and heating/air-conditioning industries. The company, located in Huntington, Indiana, has a customer base that includes Moen, Cummins, Eaton and various other OEMs, as well as part supply warehouses. MCP1 provided $750,000 in senior subordinated debt with warrants.

Presidential was recapitalized with a financial/operational buyer. The transaction was completed in May of 1999.

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Service Design Associates, Inc.
Service Design Associates, Inc.Service Design Associates, Inc., is a leading provider of child support programs to local, state and federal government agencies. The company provides services including child support payment processing, individual case management and consulting to other human service agencies. The company is headquartered in Indianapolis, Indiana, with offices located in Raleigh, North Carolina; Boston, Massachusetts; and Washington, D.C. MCP1 provided $1,700,000 in senior subordinated debt.

Service Design has been sold to Tier Technologies (NASDAQ: TIER) located in Walnut Creek, California, a publicly traded software solutions provider to a variety of companies and industries.

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