Resilience Capital Partners Acquires XLO Group

CLEVELAND, Dec. 6, 2004 -- Resilience Capital Partners LLC ( http://www.resiliencecapital.com/ ), a Cleveland-based private equity firm, and The Dan T. Moore Company have completed the acquisition of The XLO Group of Companies and its subsidiaries Excello Specialty Company and XLO Jacksonville. The new company will be known as Excello Engineered Systems LLC. Terms of the transaction were not disclosed.

Founded in 1934, XLO is a leading Tier 1 manufacturer of die cut and molded film and foam laminated water shields for the automotive industry. XLO has achieved leading market share for its principal products through its long- standing relationships with its customers and vendors. The company is headquartered in Cleveland, Ohio and has manufacturing facilities in Macedonia, Ohio and Jacksonville, Florida.

"We are excited about the opportunity to acquire this very unique niche oriented automotive supplier. We look forward to continuing the tradition XLO has established by serving its customers for over 50 years with its dedicated and skilled workforce," said Steven Rosen, Managing Partner of Resilience Capital Partners. "Like many Tier 1 automotive suppliers, XLO has faced a challenging environment over the past few years. We are confident in our ability to grow this business, in partnership with its customers, vendors and employees, to continue to provide innovation and world-class quality to its customers," added Bassem Mansour, Managing Partner of Resilience Capital Partners.

The XLO transaction is the third acquisition this year and the sixth overall for Resilience.

About Resilience Capital Partners LLC

Resilience Capital Partners is a private equity firm based in Cleveland, Ohio focused on investing in underperforming and turnaround situations. Resilience's investment strategy is to acquire lower middle market companies that have solid fundamental business prospects, but have suffered from a cyclical industry downturn, are under-capitalized, or have less than adequate management resources. Resilience typically acquires companies with revenues of $10 million to $100 million.

Contact Information

Bassem A. Mansour Steven H. Rosen Resilience Capital Partners LLC 25201 Chagrin Blvd., Suite 360 Cleveland, Ohio 44122 (216) 292-0200 bmansour@resiliencecapital.com http://www.resiliencecapital.com/