June 30, 2010
Ellipse Capital Announces Promotion and Continued Focus on the Distribution Sector

Ellipse Capital is pleased to announce the promotion of David Schumacher to Vice President. David has been with Ellipse Capital since its formation in 2008 and was previously employed by Code Hennessy & Simmons LLC and Merrill Lynch & Co. "Dave is an integral member of our team at Ellipse Capital," said Peter Gotsch, Managing Partner of Ellipse Capital. "His work and dedication are outstanding, and we are excited about his expanding role in our organization."

Ellipse Capital also re-affirmed its commitment to the wholesale distribution sector. "We remain extremely active in evaluating opportunities in the sector," said Jennifer Levinson, Principal. "In particular, we are focused on distributors that serve the HVAC, industrial, packaging, beverage, electrical and scientific end-markets."

Ellipse Capital is a private equity firm focused exclusively on the distribution sector. We target growth oriented wholesale distribution businesses valued between $15-$75 million and are uniquely experienced, having closed more than 50 transactions in the sector. We have a large network of sector-specific contacts to help our portfolio companies after closing and strive to be the partner of choice for management teams and owners.