IAL International Alum Corp

Former CEO Adds Extensive Operating Expertise to Help Source and Enhance Industrial Technology Investments SAN FRANCISCO, March 20 /PRNewswire/ -- Genstar Capital, LLC, a middle market private equity firm that focuses on investments in selected segments of the industrial technology, life sciences, healthcare services, and business services sectors, today announced that it has named Edmund M. Carpenter as Operating Partner to help identify investment opportunities and enhance the operations of Genstar's businesses in the industrial technology sector. Mr. Carpenter, a respected industry veteran with more than 40 years of experience, has served as Chief Executive of several leading industrial corporations, most recently as CEO of Barnes Group, Inc. (NYSE:B). "Working with highly skilled operating executives has been a tenet of Genstar's strategy since 1995 and we are pleased to welcome Ed to our team," said Jean-Pierre L. Conte, Chairman and Managing Director of Genstar. "As a former CEO of several major corporations he knows what is required to transform a business and to build a healthy and growing organization. He will bring a high level of engagement to the entire investment process and we are certain his insights will be invaluable as we continue to invest in new industrial technology companies and create strong businesses." Since 1998, Mr. Carpenter has served as Chief Executive Officer of Barnes Group, a more than $1 billion diversified international manufacturer of precision metal components and assemblies and distributor of industrial supplies. For two years prior to that he was a Senior Managing Director at private investment firm Clayton, Dubilier & Rice where he worked to enhance the operations of a number of their portfolio companies. From 1988 to 1995, Mr. Carpenter was Chairman and Chief Executive of General Signal Corporation, a diversified manufacturer of industrial products that he helped to transform. Before joining General Signal he held a series of high level positions at ITT Corporation, culminating with his appointment in 1987 as President and Chief Operating Officer where he was responsible for three major industrial sectors with revenues of nearly $5 billion. He also served in senior capacities with Fruehauf Corporation for seven years. Mr. Carpenter began his career at Michigan Bell Telephone Company in 1964 after receiving his B.S. and MBA degrees from the University of Michigan. Mr. Carpenter expands Genstar's prestigious group of operating partners, joining Mark Hanson, a software industry executive with more than 24 years of experience who is leading Genstar's targeted strategy within the information services sector. Before joining Genstar in 2006, Mr. Hanson helped to successfully build the operations of a number of companies in that industry and most recently served as Senior Vice President for Corporate Development and Chief of Staff for Siebel Systems, Inc., where he worked closely with the executive team to help the company return to growth in 2005. Mr. Carpenter, said, "I am extremely impressed with the very talented management team at Genstar and the quality companies they have helped build over the years. I believe my experience within the industrial sector will help Genstar to identify and evaluate new platform investments, as well as add-on acquisitions, and to create stronger businesses." Genstar's recent transactions include its planned acquisition of International Aluminum Corporation (NYSE:IAL), a leading manufacturer of residential and commercial aluminum building materials, in a transaction valued at $228 million; and the acquisition of OnCURE Medical, a Newport Beach-California operator of treatment centers focused on providing state-of- the-art radiation treatment alternatives. Its recent realizations include the sale of portfolio company Axia Health Management, the leading national provider of preventive health and wellness programs, to Healthways, Inc., for $450 million and the successful initial public offerings of Altra Holdings, Inc. (NASDAQ:AIMC), a Quincy, MA-based provider of mechanical power transmission and motion control products, and North American Energy Partners, Inc. (NYSE:NOA), an Alberta Canada-based energy services company. About Genstar Capital, LLC Based in San Francisco, Genstar Capital (http://www.gencap.com/) is a private equity investment firm that makes leveraged investments in quality middle-market companies. Genstar Capital works in partnership with management to transform its portfolio companies into industry-leading businesses. With more than $900 million of committed capital under management and significant experience investing in businesses, Genstar focuses on selected segments of the industrial technology, life sciences, healthcare services and business services sectors. DATASOURCE: Genstar Capital, LLC CONTACT: Chris Tofalli, +1-914-834-4334, for Genstar Capital, LLC Web site: http://www.gencap.com/

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