Primus Invests in PartsSource, Inc.

8/26/2008

Primus Invests in PartsSource, Inc.

CLEVELAND, OHIO – Primus Capital Fund VI (“Primus VI”) has teamed with Polaris Venture Partners in the completion of a $50 million minority equity recapitalization of PartsSource, Inc. PartsSource is the leading multi-manufacturer alternative parts supplier for hospital equipment and is headquartered in Aurora, Ohio.

PartsSource offers replacement part support for over 2,500 separate makes, models and modalities of hospital equipment in the market today. The company efficiently captures parts requests on-line or over the phone while sourcing bids from thousands of the best vendors on the open market to quickly secure pricing options for customers. All this can be completed in less than two hours and typically provides significant savings off of OEM pricing.

Ray Dalton, President and CEO of PartsSource, said “We are excited to partner with Primus and Polaris as PartsSource enters its next stage of growth. Their experience and expertise in working with growth companies will be invaluable as we continue to take advantage of the many opportunities in front of us.” Bill Mulligan, Managing Director of Primus, said, “Ray Dalton and the PartsSource team have built a unique business model in a large and growing industry. We believe PartsSource has the opportunity to further its leading market share and create significant value.”

Bill Mulligan will represent PCF VI on the PartsSource board of directors.

Founded in 1983, Primus is a private equity firm that invests in high-growth companies within the healthcare, business services and education industry sectors. Transaction types include management-led buyouts, control and non-control recapitalizations and growth equity investments.