Aurora Trailer Acquires Wabash National's Aftermarket Parts and Trailer Lease & Rental Businesses

ST. LOUIS and NEW YORK, Sept. 26 -- Aurora Trailer Holdings, LLC ("Aurora") announced today the closing of the acquisition of substantially all of the assets of Wabash National Corporation's trailer leasing and rental business and its wholesale aftermarket trailer parts distribution operation. Aurora is a company formed by Jefferies Capital Partners and former and current members of the acquired businesses' management teams led by Derek Nagle, who will serve as President and CEO of Aurora. Mr. Nagle most recently served as President of several Wabash businesses with revenues of over $300 million, including the two businesses being acquired. Mr. Nagle has over 30 years of experience in the truck trailer industry, including the manufacturing, rental, leasing, retail and aftermarket parts segments.

Aurora Trailer Leasing and Rental, with a fleet of over 9,500 units, rents and leases over-the-road truck trailers to a variety of transportation companies, manufacturers and retailers through a network of 30 rental centers located throughout North America. In addition, Aurora is also developing a network of sales and consignment outlets for the remarketing of used equipment.

Aurora Parts and Accessories is a leading marketer of aftermarket and replacement parts and accessories for truck trailers and is the exclusive distributor of Wabash(TM) branded aftermarket products in North America. Aurora Parts and Accessories distributes its products to for-hire carriers, private fleets, leasing companies, vehicle repair and services shops, trailer/truck dealerships and related equipment customers.

"The management team and all Aurora employees are extremely excited about the opportunities to build on the successes of these businesses," stated Mr. Nagle. "We are focused on the goals of delivering innovative, value-added products and services to our customers. We will endeavor to clearly differentiate ourselves from the competition by offering cost saving solutions to our customers. We also look forward to the opportunity of continuing our partnership with Wabash National Corporation."

"We are pleased to have the opportunity to partner with Derek and the management team in acquiring these assets," said Brian Friedman, President of Jefferies Capital Partners. "We believe Aurora has exceptional opportunities to develop its business and we look forward to working closely with management to achieve this potential."

About Jefferies Capital Partners

Jefferies Capital Partners is a private equity group associated with Jefferies Group, Inc. . Jefferies Capital Partners, with more than $600 million in funds under management, continues the business of FS Private Investments. Jefferies Capital Partners makes private equity and equity-linked investments in management buyout, industry consolidation, recapitalization and growth equity opportunities in middle market companies in industries in which its investment team has established expertise. Focus industries include: business services, consumer, education, energy, financial services, healthcare, industrial manufacturing, media, telecommunications and transportation. In the transportation, distribution and logistics industry, funds managed by Jefferies Capital Partners currently own interests in Arnold Transportation Services, Inc., Charette LLC, K-Sea Transportation LLC and IDB Shipping.