H.I.G. Capital Announces Sale of All Metal Services Ltd to Aluminum Services (UK) Limited

H.I.G. Capital, a leading international private equity firm based
in Miami, Florida, announced today that it has completed the sale of
its 50% interest in All Metal Services Ltd ("AMS") to David Potts, the
founder of AMS, and his partner Terry Stocker who now collectively own
100% of AMS and serve as the company's executive management.

AMS (http://www.allmetal.co.uk/index.htm), headquartered in
London, England, is a world-wide specialist in the distribution of
high performance alloys to the aerospace market. Offering its
customers the widest available selection of aerospace grade metals
outside of the U.S., AMS has annual revenues in excess of $200
million. AMS operates through five facilities in the United Kingdom
with an additional 5 international sales offices providing export
capabilities to over 35 countries globally. H.I.G. acquired its
interest in AMS in December 2002. Since that time, H.I.G. and the AMS
management team have worked together to successfully grow the business
by over 100% while at the same time driving margins substantially
higher.

Matt Sanford, Managing Director of H.I.G., commented, "Working
with AMS, Terry Stocker and David Potts has been a very good
experience. Terry and David are savvy businessmen who understand their
industry and the markets in which they participate, and drive AMS to
provide the highest levels of service to their customers. This
transaction provides our investors with a very attractive exit while
also allowing Terry and David to achieve their goal of 100% ownership
of the firm that they founded and have grown into a market leader. We
wish Terry, David, and all the employees at AMS continued success in
their future endeavors."

About H.I.G. Capital:

H.I.G. Capital L.L.C. ("H.I.G.") is a leading private equity and
venture capital investment firm with more than $3.5 billion of equity
capital under management. Based in Miami, and with offices in Atlanta,
Boston, and San Francisco in the United States, and London, Paris and
Hamburg, in Europe, H.I.G. specializes in providing capital to small
and medium-sized companies with attractive growth potential. H.I.G.
invests in management-led buyouts and recapitalizations of profitable
and well managed manufacturing or service businesses. H.I.G. also has
extensive experience with financial restructurings and operational
turnarounds. Since its founding, H.I.G. has completed more than 75
transactions. The firm currently manages a portfolio of more than 50
companies with combined revenues in excess of $7 billion. For more
information, please refer to the H.I.G. website at www.higcapital.com.