MCE Completes Acquisition of Instrument Associates, Inc.

Zelienople, PA

Motion & Control Enterprises (“MCE”), an industrial distributor of fluid power, process valves and instrumentation, air compressor and related products, parts and services, announced
today that it has acquired Instrument Associates, Inc. (“IA”).

IA is a full service, stocking distributor of products and solutions for instrumentation (including fittings, valves and tubing), steam traps, filtration and process control. Founded in the 1940s and based in Alsip, IL, IA employs 22 associates, servicing industrial markets in Illinois and Indiana. As a division of MCE, the Company will continue to operate under the Instrument Associates name with the same employees and suppliers.

“We are excited to welcome the Instrument Associates team to MCE”, said Charles Hale, Chairman & CEO of MCE. Hale further noted that “IA’s products are a natural fit with MCE’s fluid power and flow control capabilities and will position the combined business to provide a broader range of mission-critical, highly-engineered solutions to our consolidated customer base”.

Jay Fregeau, owner and CEO of IA, commented that “this combination will allow us to continue executing our growth plans, utilizing the resources provided by MCE”. He added that “this is a great outcome for our associates, customers and supplier partners.”

About MCE

Founded in 1951, MCE is a leading supplier of technical fluid power and lubrication solutions that solve customer problems across fluid connector, hydraulic, pneumatic, filtration, compressed air and lubrication technologies. The company services more than 15,000 MRO and OEM customers from 9 distribution centers and 16 retail locations across PA, MI, IN, IL, OH and WI. For more information, please visit www.mceautomation.com.

About Frontenac

Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50 years, Frontenac has built a leading franchise working with over 275 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.