An Affiliate of H.I.G. Capital Acquires Wexler Video, LLC

    MIAMI, March 5 /CNW/ - H.I.G. Capital, LLC ("H.I.G. Capital"), a leading
Miami-based private equity firm, announced today that one of its affiliates
acquired Wexler Video, LLC ("Wexler"). Based in Burbank, CA, Wexler is a
leading provider of video production and postproduction equipment and related
services to the television industry. The Company provides critical equipment
for all types of television productions, including reality programming,
scripted productions and live events worldwide. Wexler offers one of the
nation's largest inventories of broadcast equipment and provides the highest
level of customer service and engineering expertise in the industry.

    H.I.G. Capital partnered with Telecorps Communications ("Telecorps") and
existing management to consummate the transaction. Telecorps, comprised of
three former broadcasting and media technology executives, includes Rob
McConnell, former CEO of Enterprise Software, David Carfolite, former VP and
General Manager of a group of television stations in the Carolinas, and James
Rosenfield, former President of CBS Television Network.

    Elliot Maluth, Managing Director of H.I.G. Capital's San Francisco
office, commented, "H.I.G. is very excited to be partnering with Telecorps in
the acquisition of Wexler Video. Wexler has a great brand name, and is
uniquely positioned in the media equipment marketplace. With the help of
Telecorps, we believe Wexler has tremendous growth potential."

    "Telecorps is excited about teaming with Wexler, a company which has
assembled a superior staff and reputation in the industry. Wexler will be an
important platform for building a more extensive presence in serving both the
production and postproduction segments," said Rob McConnell, Chief Executive
Officer for Telecorps.

    Chris Thompson, Wexler President & CEO, comments, "Our acquisition
presents tremendous opportunities. We will continue to provide the best value
proposition in the industry combined with the horsepower to offer new services
and products across the entire entertainment spectrum. Our staff and customers
couldn't be happier as our ability to tap into new financial and managerial
resources has increased exponentially. It is a great time to be at Wexler."

    About Wexler Video:

    Founded in 1984, Wexler is the leading video production and
postproduction equipment rental company in Los Angeles. The Company is the
only equipment provider to offer collaborative workflow solutions for every
phase of production. Wexler specializes in providing traditional broadcast
solutions as well as rapidly developing digital and high definition production
technology. For more information, please refer to the Wexler website at

    About H.I.G. Capital:

    H.I.G. Capital LLC ("H.I.G.") is a leading private equity and venture
capital investment firm with more than $3.5 billion of equity capital under
management. Based in Miami, and with offices in Atlanta, Boston, and San
Francisco, H.I.G. specializes in providing capital to small and medium-sized
companies with attractive growth potential. H.I.G. invests in management-led
buyouts and recapitalizations of profitable and well managed manufacturing or
service businesses. H.I.G. also has extensive experience with financial
restructurings and operational turnarounds. Since its founding, H.I.G. has
completed more than 75 transactions. The firm currently manages a portfolio of
more than 50 companies with combined revenues of more than $7 billion. For
more information, please visit the H.I.G. website at

For further information:

For further information: H.I.G. Capital, San Francisco Elliot Maluth,
Managing Director, 415-439-5500

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