HOUSTON, December 15, 2012 – Vista Private Equity Group, LLP (“Vista”) is pleased to announce the sale of Rose Machine and Fab., Inc. (“Rose” or the “Company”) to Ellwood Group, Inc. (“EGI”). Vista served as consultant and financial advisor to Rose from spring 2010 through the transaction, which closed on November 30, 2012.

Headquartered in Houston, Texas, Rose is a rough, semi-finish and finish machine shop supplying mission critical parts to the oilfield, midstream oil and gas, petrochemical and related industries. The Company operates more than 75 CNC machines out of its 110,000 square foot facility and employs approximately 125 people. The Company’s significant investment in superior equipment, its proprietary machining techniques and highly experienced management team, enabled Rose to become a market leader in the machining industry. Founder and CEO Richard Rose will continue to run the operations of the business and has joined EGI as President of Ellwood Rose Machine.

Vista worked closely with the Company to develop an exit strategy that was implemented over almost a three-year period. With a long-term approach to its relationship with the Company, Vista (i) worked closely with Mr. Rose and his team to enhance the Company’s strategic planning and execution processes; (ii) represented the Company during sale discussions with multiple strategic and financial buyers; (iii) prepared the Company for robust due diligence requirements by prospective buyers; and (iv) proactively managed the ultimate sale of the business, while leading the negotiations with the Purchaser and actively participating in all legal documentation phases of the transaction.

Richard Rose, former owner of Rose, stated that “the success of the sale of Rose is 100% the result of VISTA’S EFFORTS, PLANNING AND INSIGHTS. The Vista team spent three years of their lives preparing me and Rose Machine for this day. We were able to communicate, plan and execute the plan with a common understanding. We developed a high level of mutual respect and a reassuring sense of complete trust for each other.”

About Vista Private Equity Group

Located in Houston, TX, Vista invests in private companies within the smaller end of the middle market (revenues generally ranging from $10 million to $50 million). With a focus on founder and entrepreneur driven companies, Vista seeks to make investments in manufacturing, distribution and service businesses typically headquartered in Texas.

About Ellwood Group Incorporated

Headquartered in Ellwood City, Pennsylvania, EGI produces engineered, heavy metal sections for capital specialty equipment manufacturers in the United States and around the world. The company’s nine operating business units – encompassing multiple plants in Pennsylvania, Michigan, Ohio, Texas and Canada – are dedicated to solving customers’ needs for specially engineered forging steels, iron castings, forgings, and other alloy parts. Key industries served include oil and gas, mining, metals processing, power generation, aircraft, railroad, automotive, tooling, water transportation, and defense.