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Monument Advisors acquires Separators, Inc.

Monument Advisors, an Indianapolis, IN based private equity fund, has acquired Separators, Inc. Located in Indianapolis, Separators, Inc. specializes in the refurbishment and manufacturing of industrial centrifuge equipment used in various industries including: dairy, juice, bio-med, pharmaceutical, meat rendering and industrial fluids.

Monument acquired Separators on June 14, 2005 with John Campbell, former senior executive with Alcoa, and Joe Mansfield. Mr. Campbell will serve as Separators' President & CEO and Mr. Mansfield will serve as COO and CFO.

"Separators is one of the many Indiana companies that have carved out a strong niche in North America and has grown its presence through the expertise and customer focus of the existing team", stated Campbell. "Both Joe and I are excited about our partnership with Monument Advisors and are looking forward to creating value for Separators' customers and shareholders".

"We are pleased to be able to keep another great company in Indiana, bring John Campbell back to our state and to retain Joe Mansfield as an Indiana senior executive", commented Larry Wechter, Managing Director and CEO for Monument Advisors. "Under the leadership of John and Joe, we plan to grow Separators by penetrating new markets and growing our share in existing markets".

Monument Advisors is a private equity fund based in Indianapolis, IN. Monument focuses on making strategic investments with management in niche manufacturing, service and distribution companies located in Indiana and throughout the Midwest.

Contact: Tony Walker (317) 656-5065



 
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