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Arlington Capital Partners Announces Acquisition of Consolidated Precision Products Corp.

WASHINGTON, DC – April 21, 2008 – Arlington Capital Partners, a Washington, DC-based private equity firm, today announced the acquisition of Consolidated Precision Products Corp. (“CPP”), in partnership with the company’s existing management team. Headquartered in Pomona, California, CPP is a leading manufacturer of highly-engineered components and sub-assemblies for the military, defense and commercial aerospace markets.

CPP is one of the world’s largest investment and precision sand casting companies, producing complex super alloy, aluminum, magnesium and steel components for a wide variety of leading military and commercial aircraft, weapon systems, regional/business jets and helicopters. The Company serves a wide range of global, blue chip customers including Airbus Industrie, Boeing, General Electric, Honeywell and Lockheed Martin on platforms such as the F-35 Joint Strike Fighter, F-22 Raptor, Apache, V-22, 787, 777, 737 and A340.

“Arlington Capital is pleased to partner with CEO Steve Clodfelter, COO Ali Ghavami and the CPP management team. This management team has a proven track record of profitable growth, both organically and through acquisitions. Over the last 17 years, they have built one of the most diversified and sophisticated precision engineered component manufacturers in the aerospace defense market,” said Peter Manos, a Partner at Arlington Capital.

Steve Clodfelter commented about the new relationship with Arlington, “We are very excited about our new partnership with Arlington Capital.  The firm’s aerospace and defense expertise, industry contacts, and acquisition experience will make them an invaluable partner during this time of accelerated growth for the Company.”Ali Ghavami added, “Arlington’s commitment to investing in the Company both organically and through acquisitions will enable us to better serve our customers with an even wider range of capabilities, broader geographic presence and continued improvements to existing production.”

“We were attracted to CPP because of its industry-leading capabilities and market position,” said Matt Altman, a Principal at Arlington Capital. “CPP produces complex products for function-critical applications which require stringent engineering and quality control. CPP’s expertise, combined with government and customer certifications required for its products, creates high barriers to entry and high switching costs. CPP is a premier platform in the aerospace and defense industry, and we look forward to our partnership with management.”

About Arlington Capital Partners

Arlington Capital Partners is a Washington, DC-based private equity fund with over $1 billion of committed capital focused on middle market buyout investment opportunities in growth industries including: aerospace/defense, federal and commercial IT and engineering services, media, education & training, healthcare services and business services & outsourcing. The firm’s professionals have a unique combination of operating and private equity experience that enables Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company’s position as leading competitors in their field.

SOURCE: Arlington Capital Partners