has been acquired by

Capstone Partners Advises Doe & Ingalls

August 2010

Boston, MA - Capstone Partners LLC, a leading national investment banking firm, announced that it has successfully advised Doe & Ingalls, Inc. on its recent sale of assets to Doe & Ingalls Management, LLC.  Doe & Ingalls Management, LLC is a portfolio company of Pouschine Cook Capital Management, LLC and Anchor Capital, LLC and the parent company of Doe & Ingalls of North Carolina, LLC.  The terms of this transaction were not disclosed. 
 
Doe & Ingalls, Inc., based in Medford, MA, is a premier supplier of high-purity raw materials to microelectronic and biopharmaceutical manufacturers, and reagents to the laboratory testing market. The company’s Total Chemical Management approach focuses on helping customers improve their materials management efficiencies and quality programs.
 
The acquisition brings together two companies that have similar business models and philosophies.  The combined company will gain efficiencies that will allow it to further capitalize on strategic growth opportunities as well as offer an enhanced portfolio of products and services to customers within the chemical raw materials sector.  The company’s corporate headquarters will be in Durham, NC with distribution facilities in Danvers, MA; Medford, MA; Jessup, MD; Durham, NC; Tampa, FL and Riverside, CA, enabling it to effectively serve customers with multiple U.S. locations.
 
John Hollenbach, President & Chief Executive Officer of Doe & Ingalls of North Carolina, stated, “By harnessing the strengths of both companies, we are creating a best-in-class supply chain company positioned to grow in our key markets: life science and microelectronics manufacturing.  We will continue to work behind the scenes to make the chemical supply chain more robust and efficient for our customers.”
 
“We look forward to joining forces with an outstanding company that we know well,” said Bill Varney, Director of Sales and Marketing, Doe & Ingalls, Inc. “This is a natural combination of two industry leaders, both with a customer-focused vision and remarkably similar philosophies.”
 
Kevin Jolley, a Managing Director at Capstone, commented, “This combination positions the combined company for continued success as each business becomes a more valuable partner to its customers and vendors.  In addition, the combined company will be able to pursue growth opportunities and realize cost efficiencies that were not available to either organization on a stand-alone basis.”
 
Doe & Ingalls is a resource for life science and microelectronic manufacturers that want to build reliable, secure supply chains for their chemical raw materials. The company sources materials from suppliers that can meet the specific supply chain needs of its end customers.  Doe & Ingalls supports the supply chain through services that evaluate risk, reduce material handling costs, lower inventory investment, reduce supplier management time and cost, and optimize customers’ use of storage space. Additional information about Doe & Ingalls can be found at www.doeingalls.com.
 
Capstone Partners LLC is a leading national investment banking advisory firm dedicated to serving the transaction needs of middle market companies.  The firm provides corporate sale & divestiture, merger & acquisition, private placement and valuation advisory services.  Capstone focuses on the Outsourced Services, Technology Solutions, and Manufacturing & Distribution industries and maintains dedicated sector teams in Education and Healthcare.  In addition, the firm has recently added merchant banking capabilities through Capstone Ventures to actively co-invest in support of its clients’ transactions.