Jacobson Partners | Portfolio Companies

	FormTech Industries LLC ("FormTech") was founded by three forging industry executives and Jacobson Partners. On March 10, 2006, FormTech completed the acquisition of the North American Forging Operations of Metaldyne Corporation. Headquartered in Royal Oak, Michigan, FormTech is the largest independent provider of forgings in North America. The Company possesses an industry-leading roster of capital equipment and unrivaled range of capabilities that will prove essential in growing the company. The primary markets served include automotive, heavy truck and industrial. With seven operating facilities spread across Michigan, Ohio and Indiana, FormTech's capabilities include the production of cold, warm and hot forgings for a variety of applications. Additional information on FormTech may be found at its website: www.formtech2.com.
	Based in Marietta, Georgia, TUG is the industry leader in aviation ground support equipment. TUG products such as aircraft tow tractors, air start units, belt loaders, ground power units and baggage tow tractors can be found at airport gate operations around the world. In addition, TUG manufactures vehicles to support military and industrial clients. In January 2005, Jacobson Partners and certain members of management assumed control of TUG by purchasing the assets of the Airline Products Division of Stewart & Stevenson Services, Inc., a publicly-traded company based in Houston, Texas. Please visit TUG's website, www.tugtech.com, for further information on the company's products and services.
	Bertucci's operates 89 full-service, casual-dining restaurants which serve Italian food and gourmet pizza. The restaurants are located on the East Coast from New England to North Carolina. Each Bertucci's has a relaxed, family atmosphere with a Tuscan-style design, centered around a large-display cooking area with brick ovens. In 1998, Jacobson Partners took Bertucci's private, topping an offer by Bertucci's founder. Initially, Jacobson Partners and management focused their attention on the operations of the business, refining the concept and closing 13 unprofitable restaurants located in Illinois and Georgia. Recently, management has grown Bertucci's into one of the leading Italian food restaurant chains in the U.S. and has opened over 20 new restaurants.
	FPC Flexible Packaging Corporation is a Canadian manufacturer of flexible packaging for the tobacco, consumer food and pharmaceutical industries. FPC was created by Jacobson Partners to purchase all of the assets of two insolvent packaging companies and consolidate the operations into a single location. The businesses were purchased with a combination of debt and equity in a prepackaged receivership sale in 1993. In 1994, Jacobson Partners and management contributed additional capital to strengthen the balance sheet after excessive operating losses associated with the consolidation. Jacobson Partners re-negotiated union contracts and plant leases, replaced senior management, reduced employee levels and solidified and expanded the customer base. FPC is now a well-run, consistent cash flow business.

	Learning Care Group is one of the nation's largest publicly-traded child care providers with over 7,500 employees and licensed capacity to provide education and care for over 50,000 children daily in over 470 corporate and franchise centers worldwide. Jacobson Partners initially invested in Childtime in 2001 pursuant to a consulting agreement and made an additional investment in 2002 that enabled the Company to acquire Tutor Time Learning Systems, Inc. out of bankruptcy. A rights offering in 2003 and subsequent sale/leaseback transaction significantly reduced the Company's debt and strengthened its balance sheet. Jacobson Partners hired a new senior management team that closed underperforming locations, accelerated franchisee growth, introduced a new curriculum for both the Childtime and Tutor Time brands and generated industry-leading same store comparable sales gains. Learning Care Group was sold to A.B.C. Learning Centres, Ltd. in January 2006 for a total return to investors of 4.8x their initial investment.
	Taco Bueno is a rapidly growing chain of quick service restaurants serving Mexican food, known for its superior food quality, freshness and atmosphere. The Company manages 125 restaurants in Texas, Oklahoma and Kansas and has established tremendous brand awareness and a market-leading position in each of its markets. Jacobson Partners purchased Taco Bueno in 2001 from CKE Restaurants after several years of under-performance prompted CKE to sell the business. Concurrent with its purchase, Jacobson Partners hired an experienced senior management team and undertook an aggressive plan to remodel all restaurants, revitalize its image and expand into new markets. Consistent with Jacobson Partners' philosophy of generating a realized return through refinancing when possible, Taco Bueno was recapitalized three times prior to its sale to Palladium Equity Partners in August 2005. The sale to Palladium, combined with distributions from recapitalizations, generated a total return to investors of 9.6x their initial investment.
	Conforma Clad uses a proprietary process for applying tungsten carbide coatings to metal substrates to substantially improve wear and corrosion resistance. The company produces components and provides custom coating services for oil drilling, plastic extrusion, power generation and several other industrial applications. Jacobson Partners purchased Conforma Clad in 1996 from the Pullman Company, which was being liquidated by its owner, Forstmann Little. Post-investment, Jacobson Partners replaced senior management, discontinued unprofitable product lines, consolidated facilities and expanded into new markets with its proprietary technology. Cash flow margins improved to 40%, which enabled the Company to retire subordinated debt and pay a special dividend. In 2004, the Company was sold to Kennametal Inc. for a total return to investors of 7.3x their initial investment.
	Bostrom Seating, Inc. was the leading domestic manufacturer of suspension seating for use in heavy-duty truck cabs. Ben Jacobson originally acquired Bostrom Seating in partnership with management in 1985. Following a series of recapitalizations and the installation of a new management team, Jacobson Partners made an investment in 1990 in the form of subordinated debt with warrants. Jacobson Partners' investment enabled Bostrom to restructure its bank debt and gave it necessary time to rationalize production, reduce staffing, improve inventory controls and divest a troubled subsidiary. Following this series of operational improvements, Jacobson Partners sold Bostrom to a strategic buyer, realizing a return of 2.5x its initial investment.
NE RESTAURANT COMPANY	NE Restaurant Company, Inc. ("NERC") was a leading operator of franchised casual dining restaurants in the Northeast, under the names Chili's Grill and Bar and On The Border Mexican Café. In partnership with an identified management team, Jacobson Partners acquired NERC in 1991, which at the time was only marginally profitable. Jacobson Partners purchased the Company with no outside financing to afford it the time to implement substantial operational initiatives. In addition to improving profitability, Jacobson Partners and management opened 18 additional Chili's restaurants, and became the largest Chili's franchisee in the US. Through two recapitalizations, in 1993 and 1997, Jacobson Partners returned 4.1x its initial investment to investors. In 1998, NERC acquired Bertucci's and subsequently sold Chili's and On The Border.
SNAPPY CAR RENTAL, INC.	Snappy Car Rental provided temporary replacement rental cars to insurance company customers whose cars were out of service due to accident or theft. At the time of Jacobson Partners' investment in 1994, it was the second largest insurance replacement car rental company in the U.S. Jacobson Partners purchased Snappy in a management-led buyout from Chrysler Corporation. During the period of Jacobson Partners' investment, Snappy structured and implemented innovative asset backed fleet financing, obtained agreements with national insurers and significantly upgraded customer relation systems. Snappy's stock was sold in August 1997 to Republic Industries. Over the three-year investment period, Jacobson Partners returned 2.2x its initial investment.