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MCP Portfolio Companies

Monument Capital Partners 2 (MCP2) Overview
Monument Capital Partners 2 (MCP2) is focused on making $1 million to $3 million investments in management buyins, management buyouts, leveraged buyouts, and recapitalizations in the lower middle market throughout Indiana and the Midwest. We partner with management teams to acquire and help build companies within the manufacturing, distribution and service industries with enterprise values between $5 and $20 million.

Monument has a strong reputation of partnering with management teams to perform management buyouts, leveraged buyouts and recapitalizations that provide superior returns.


MCP2 Portfolio Companies
Instrument Development Corporation, Inc.
Felins USA, Inc.
Foam Rubber Products, LLC
Separators, Inc.
HETSCO, Inc.
Nationwide Distribution, LLC
Insurance Auto Auctions, Inc.
Mountain Muffler, LLC

Instrument Development Corporation, Inc.
Instrument Development Corporation, Inc.IDC was founded in 1987 in Mukwonago, Wisconsin by the current CEO.

The Company provides value-added engineering services and manufactures close tolerance, ultra-precision machined components primarily for defense and aerospace industries. The Company is ISO 9001 and AS 9100 certified and has been awarded the top Quality and Delivery rating by its largest customer, a leading defense and aerospace company in the United States and around the world. Specifically, the Company utilizes processes including turning, milling, grinding, reaming, drilling and wire EDM on materials such as aluminum, machinable ceramics, precious metals, titanium and tungsten from either billet or castings. In addition to machining component parts, IDC performs concept design and engineering services and support for its customers. The Company has performed and continues to perform work for numerous other industries including medical products, high precision hydraulics, X-ray tube components, timing mechanisms, optics and automotive ABS systems. IDC also provides clean-room facilities for its customers, incorporating precision cleaning verified by visual inspection (up to 30X magnification), product assembly and testing, heat-seal packaging and labeling all taken place in a clean room environment to ensure particulate control.

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Felins USA, Inc.
Felins USA, Inc.Felins USA, Inc. is a leading manufacturer and distributor of specialty niche packaging equipment, consumables and parts. Specifically, the Company manufactures and distributes banding, tying, bundling and strapping equipment for a wide range of end users in a variety of industries including print, graphics, textiles, woodworking, food, and pharmaceuticals.

The Company is the exclusive U.S. distributor for a Swiss made line of banding of stand alone and fully automated machines that serve the print, graphics, pharmaceutical and other industries. The Company distributes its products through a diverse dealer and distributor network across the U.S. and around the world. Additionally, the Company sources all of its consumables for the machines from the outside sources.

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Foam Rubber Products, LLC
Foam Rubber Products, LLCFoam Rubber, LLC is a fabricator of urethane foam products for the transportation seating and office furniture industries.

Foam began operations in 1948 specializing in the custom design and fabrication of flexible urethane foam products for the transportation seating and office furniture industries. The Company mass produces foam seating products in a range of complicated shapes and sizes. Since its inception, the Company has been the market leader in the OEM school bus transportation industry. Foam was the first company to successfully produce seats in compliance with the 1977 Federal Motor Vehicle Safety Standards for school buses in the U.S. This law introduced the concept of "compartmentalization" (in which the seats are designed to contain unbelted passengers and protect them by absorbing the energy of a crash) and thereby established federal foam performance standards that enabled Foam to differentiate its products.

Monument successfully completed a recapitalization of Foam Rubber Products in 2007 and remains a portfolio company of Monument today.

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Separators, Inc.
Separators, Inc.Separators, Inc., located in Indianapolis, Indiana, has been in business for over 25 years.

The Company specializes in reconditioning and manufacturing of industrial centrifuge equipment used in various industries including: dairy, juice, winery, bio-med, pharmaceutical, meat rendering and industrial fluids. Centrifuges are used in the separation of solids from liquids and in the separation of liquids with different densities. Separators is a leader in the reconditioned vertical centrifuge market, stocks over 10,000 centrifuge parts and is known for high quality workmanship and 24/7 customer service.

Monument successfully exited Separators in April of 2011 with a sale to a strategic buyer.

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HETSCO, Inc.
HETSCO, Inc.HETSCO, Inc. is a 22 year-old global industrial services company based in Greenwood, Indiana.

HETSCO's service offerings include the repair and modification of heat exchangers as well as design and engineering, equipment fabrication, high-quality weld repairs, and heat exchanger inspections, evaluation, and cleaning services. The Company also provides confined space entry safety services for its customers. These services, along with HETSCO's approach to rapid response to serve any customer 24 hours a day and 7 days a week, creates significant value to customers and has enabled the Company to achieve "Critical Vendor" status with its customers. As a result of HETSCO's attention to customer service and the highest quality workmanship, the Company is identified as a key specialty contractor to some of the largest Fortune 500 companies in the world including companies like Air Products, Praxair, Air Liquide, and BOC Gases.

Monument successfully exited HETSCO in September of 2008 with a sale to a private equity fund.

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Nationwide Distribution, LLC
Nationwide Distribution, LLCNationwide Distribution, LLC, is a distributor of ice cream and ice cream novelties to the club channel throughout the United States and direct store delivery outlets throughout Chicago.

Club Distribution, Inc. d/b/a Nationwide Distribution, Inc. Nationwide or the "Company" began operations in 1990 to expedite the sale and distribution of ice cream, novelty and frozen products to warehouse membership club customers, such as Sam's Club ("Sam's"), Costco Wholesale Corp. ("Costco") and B.J.'s Wholesale Club ("B.J.'s") These three clubs are the largest clubs in the industry in terms of volume and number of locations throughout the United States. The Company has built its business on providing the highest quality service, best-in-products, programs, logistical expertise and program management.

In addition to wholesale distribution to the club channel, the Company placed significant efforts into an impulse/foodservice Direct Store Distribution ("DSD") business model for Chicago and the northern half of Illinois.

The assets of this investment were sold to a strategic buyer.

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Insurance Auto Auctions, Inc.
Insurance Auto Auctions, Inc.Insurance Auto Auctions, Inc., (formerly NASDAQ: IAAI) is a leading provider of automotive and specialty salvage services in the U.S., providing cost-effective turnkey solutions to process and sell total-loss and recovered theft vehicles.

Insurance Auto Auctions, Inc., together with its subsidiaries (collectively, "IAAI" or the "Company"), offers insurance companies and other vehicle suppliers cost-effective salvage processing solutions. In an accident, theft or other claims-adjustment process, insurance companies typically take possession of a vehicle because (i) based on economic and customer service considerations, the vehicle has been classified as a "total loss" and the insured replacement value has been paid rather than the cost of repair or (ii) a stolen vehicle is recovered after the insurance company has settled with the insured. The Company generally sells these vehicles at live or closed-bid auctions on a competitive-bid basis at one of the Company's 58 salvage facilities across the country.

The Company processes salvage vehicles under three methods: purchase agreement ("PA"), fixed fee consignment ("FF") and percentage of sale consignment ("POS"). Under these methods, the Company generally conducts either live or closed-bid auctions of the automotive salvage in return for agreed-upon sales fees.

The stock of this investment was sold in the public markets.

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Mountain Muffler, LLC
Mountain Muffler, LLCMountain Muffler, LLC, the mid-south's largest distributor of aftermarket exhaust and under car products and a leading manufacturer of performance exhaust systems for the automotive aftermarket.

Mountain Muffler is a Texas-based automotive after-market distributor of exhaust products. The company maintains three warehouses, which are strategically located to provide service within an eight-state trade area. Dallas, Little Rock and Baton Rouge warehouses provide a full line of exhaust-related products to over 1,600 long standing customers. The Company is the largest after-market distributor to undercar installers in its market, and the third largest in the United States. Mountain Muffler intends to profitably grow its business during the next year by providing new and enhanced services to its customers, becoming more efficient in its distribution methods, and capitalizing on prospects that after-market industry conditions will become more favorable than they have been in the past two years.

This investment has been liquidated.

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