For more information please contact:

Anthony DiSimone
Managing Director
Bayside Capital
(305) 379-8686

Tiffany Kosch
Bayside Capital
(305) 379-8686

BAYSIDE CAPITAL ACQUIRES BEACON INDUSTRIAL GROUP

October 21, 2005 – Bayside Capital announced today that it has acquired Beacon Industrial Group, LLC (“Beacon”). Headquartered in Charlotte, North Carolina, Beacon is a leading international industrial filtration company that provides highly engineered products and systems for the filtration of liquids and gases utilized in a broad range of industrial applications. Beacon has revenues in excess of $170 million.

Lacy Hayes, President of Beacon Industrial Group, commented, “Beacon is excited to have a strong financial partner in Bayside. Their support combined with the company’s operational excellence, strong management, and great brand and reputation enhance the company’s ability to offer high quality products and services to its customers.”

Richard Bearse, Chairman of Beacon Industrial Group, commented, “This transaction provides our company with the financial strength to advance to the next level. We are glad to have the backing of a premier private equity firm as we continue to build our business.”

Anthony DiSimone, Managing Director of Bayside Capital, said, “We look forward to supporting this industry leading company and its management team and growing the business together. We are confident that this support will further enhance the company’s operational excellence and industry leadership. This transaction is a great outcome for Beacon’s customers and employees."

About Bayside Capital

Bayside Capital is an affiliate of H.I.G. Capital, a leading private equity investment firm specializing in acquisitions and recapitalizations of middle market businesses. Based in Miami, Florida, and with offices in Atlanta, Boston, and San Francisco, the firm is one of the most active private equity investors in small and medium-sized companies. We have available in excess of $2 billion of committed equity capital to support our investment activities. Our investors include Goldman Sachs, Morgan Stanley, CSFB, Deutsche Bank and the endowments of Yale University, Columbia University and MIT. In the last decade, we have invested in over 50 companies with combined revenues of over $5 billion.