Frontenac Completes Sale of SIGMA

Chicago, IL

Frontenac Company LLC, a Chicago-based private equity firm, today announced that it has completed the sale of SIGMA International Group, Inc., a leading global supplier of water and wastewater infrastructure products, fire protection, trench drain and OEM products, to an investor group led by Victor Pais, Siddharth Bhattacharji, and affiliates of Fairfax Financial Holdings Limited, a Canadian public stock company.

“From our very first introduction and continuing through the acquisition and ownership process, the Frontenac team has shown nothing but professionalism, integrity, and a genuine desire to help,” said Jim McGivern, CEO of SIGMA. Larry Rybacki, President added, “In order to achieve the objectives we had, we wanted a partner that would support continued investment in the business and would provide strategic perspective. Frontenac has been a trusted advisor, and collaborative partner.”

“We are proud of our successful partnership with SIGMA and its entire management team,” said Walter Florence, Managing Partner of Frontenac. “Since our original investment, and under the leadership of our CEO1ST partners, Jim McGivern, CEO, and Larry Rybacki, President, SIGMA has completed three acquisitions and continued its focus on delivering exceptional service to its customers. Frontenac is pleased to have worked with the team to achieve this level of scale and success. We are confident that SIGMA will continue its commitment to customer service and strong growth under new ownership and leadership from Victor and Siddharth.”

BB&T Capital Markets acted as financial advisor to the Company. Winston & Strawn LLP served as lead legal counsel to the Company. Terms of the transaction were not disclosed.

About Frontenac

Frontenac is a leading private equity firm, based in Chicago. The firm focuses on investing in lower middle market buyout transactions in the food, industrial, and services industries. Frontenac works in partnership with proven operating leaders, through our executive-centric approach called CEO1ST, to identify, acquire, and build market leading companies through transformational acquisitions and operational excellence. The firm has built a leading franchise working with over 225 owners of mid-sized businesses, almost always families or founders, as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.