30 March 2004
EdgeStone acquires Trimaster Manufacturing Limited

Toronto, March 30, 2004 - EdgeStone Capital Partners, one of Canada's leading independent private capital managers, reported today that it has acquired, in partnership with existing management, Trimaster Manufacturing Limited, a leading manufacturer of precision machined-components and assemblies based in Guelph, Ontario.

"We invested in Trimaster because the Company meets our investment criteria in three ways: it has a strong and proven management team, it has a stable base business with attractive growth prospects and it operates in the attractive machined-components industry which exhibits strong fundamentals," said Gilbert Palter, COO and Managing Partner of EdgeStone.

"We believe that Trimaster's business is highly scaleable and we will be able to leverage the full array of services the Company offers to significantly grow the business. We look forward to working with Trimaster's President Howard Singleton and his management team to build the business over the next few years," said Alan G. Sellery, Partner of EdgeStone.

For further information, contact

Samuel L. Duboc
President and Managing Partner
EdgeStone Capital Partners
T: 416.860.3760
sduboc@edgestone.com

Gilbert S. Palter
COO and Managing Partner
EdgeStone Capital Partners
T: 416.860.3789
gpalter@edgestone.com