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Dresner Partners Represents Defiance Metal Products
Monday, September 25, 2006

CHICAGO – September 21, 2006 – Dresner Partners is pleased to announce the sale of Ohio-based Defiance Metal Products Co. to an affiliate of New York-based buyout firm Weatherly Group, LLC. Dresner Partners initiated the transaction and acted as the exclusive financial advisor to Defiance Metal Products and its shareholders. Senior Debt financing for the transaction was provided by a bank syndicate agented by ING Capital. Subordinated debt and an equity co-invest was provided by Hancock Capital Management.

Defiance Metal Products is one of the nation’s largest suppliers of complex, engineered components and assemblies to the commercial vehicle market. The Company serves the leading original equipment manufacturers and related aftermarket channels in most major segments of the commercial vehicle market, including the medium and heavy-duty commercial truck, bus, military vehicle, and commercial construction equipment markets.

Steve Dresner, President of Dresner Partners, said, “This transaction, led by one of our partners, John Riddle, epitomizes our expertise in advising privately held businesses through their lifecycle, and assisting shareholders in maximizing value. Our domain knowledge in the Transportation sector allowed us to bring value to the Company and achieve an optimal outcome for the shareholders.”

Jon Zachrich, CEO of Defiance Metal Products, said, “I am extremely pleased with the outcome of this transaction. Dresner Partners was a sage advisor through the process, and I am confident this transition will benefit our employees, customers, and the communities in which we operate.”

The Company’s existing management team will continue to operate the business. The transaction provides liquidity for the founding family, and positions the Company to continue to expand within its markets both organically and through selective acquisitions.

About Dresner Partners Dresner Partners is a middle market investment bank based in Chicago, Illinois. Founded in 1991, Dresner Partners provides investment banking services to corporations, business owners, and private equity groups throughout the United States. Services include merger & acquisition advisory, institutional private placements, valuations and fairness opinions, and corporate restructuring. Dresner Partners' industry focus is in basic industrials, healthcare, and business services. Its affiliate company, Dresner Corporate Services, is a strategic communications firm specializing in investor and public relations. More information is available via the Internet at www.dresnerpartners.com.

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CONTACT:

David Gutierrez, Dresner Corporate Services, 312.780.7204, dgutierrez@dresnerco.com