Edgewater Funds Portfolio Company TSH Acquisition of Shannon and Midwest Gas

Edgewater Funds Portfolio Company TSH Acquisition of Shannon and Midwest Gas

September 27, 2016

Edgewater Growth Capital Partners III, L.P. is pleased to announce that its portfolio company Testing Services Holdings, LLC (“TSH”) has recently completed the acquisitions of certain assets of Shannon Optical Company, Inc. (“Shannon Safety”) and Midwest Gas Instrument Service, Inc. (“Midwest Gas”). TSH is a strategic build-up of best-of-breed businesses in the health, safety and environmental protection industry (“HSE”). The acquisitions of Shannon Safety and Midwest Gas continue to advance TSH’s focused growth strategy through expanding its offerings of products, superior service and support to its customers.

Shannon Safety is headquartered in Bridgeville, PA and is a distributor of a full line of protective equipment including respiratory products and hand and face protective equipment. Midwest Gas is headquartered in Detroit, MI and operates as a distributor of gas measurement instruments and as a maintenance service provider. The acquisitions of Shannon Safety and Midwest Gas expand TSH’s customer base and increase cross-selling opportunities.

TSH is actively targeting acquisitions that will increase the breadth of services provided to TSH’s customer base and expand the regions in which the services are provided.

The Edgewater Funds is a Chicago-based private equity firm with $2.4 billion in committed capital. Through Edgewater Growth Capital Partners, we partner with management to help accelerate growth in their businesses. Edgewater focuses on funding high quality middle market companies where we can add substantial value through our capital, our experience and our broad network. Edgewater’s Partners and Advisors have been successful CEO’s and business leaders. We believe that the best financial partner is a team of investors who have successfully built, run and sold companies themselves.