H.I.G. Capital Announces Investment in Lexmark Carpet Mills

MIAMI–(BUSINESS WIRE)–H.I.G. Capital, L.L.C., a leading global private equity firm with more
than $13 billion of capital under management, announced today that its
affiliate has made a strategic investment in Lexmark Carpet Mills, Inc.
(“Lexmark”), a leading manufacturer of broadloom carpet for hospitality,
residential and niche commercial applications.

Lexmark is a leading specialty carpet mill, focused on supplying
high-styled nylon and polyester carpet to customers in the hospitality,
residential and niche commercial end markets. Since 1993, Lexmark has
built a strong reputation for product quality and customer service. The
Company’s state-of-the-art operating platform and vertical integration
provide the basis for Lexmark’s high quality products, increased
production flexibility and some of the shortest lead-times in the
industry. A combination of service, styling, quality and competitive
pricing has established Lexmark as a market leader in the hospitality
segment and has allowed the Company to successfully expand into
residential and niche commercial markets.

Todd White, Founder and CEO of Lexmark, commented “We are very excited
about this next stage for Lexmark. Our partnership with H.I.G. will
provide us with financial and operating resources that will enable us to
further capitalize on our significant growth potential at an exciting
time for our industry.”

“Todd and his team have established Lexmark as a leading manufacturer of
high-styled broadloom carpet for hospitality, residential and niche
commercial customers,” added Ricky Stokes, a Managing Director of H.I.G.
“We look forward to working with the team to build upon their successful
track record. We believe there are numerous opportunities, both in
hospitality as well as new markets and applications, where Lexmark’s
quality products and focus on customer service will enable continued,
sustainable growth.”

About Lexmark Carpet Mills

Founded in 1993, Lexmark Carpet Mills is a leading producer of broadloom
carpet for hospitality, residential and niche commercial applications.
The Company’s vertically-integrated manufacturing capabilities,
state-of-the-art equipment and unsurpassed customer service distinguish
Lexmark as a leading specialty mill that is capable of producing quality
custom, highly-styled nylon and polyester carpet with industry leading
turnaround times.

About H.I.G. Capital

H.I.G. is a leading global private equity investment firm with more than
$13 billion of equity capital under management. Based in Miami, and with
offices in Atlanta, Boston, Chicago, Dallas, New York and San Francisco
in the U.S., as well as international affiliate offices in London,
Hamburg, Madrid, Paris and Rio de Janeiro, H.I.G. specializes in
providing capital to small and medium-sized companies with attractive
growth potential. H.I.G. invests in management-led buyouts and
recapitalizations of profitable and well managed manufacturing or
service businesses. Since its founding in 1993, H.I.G. has invested in
and managed more than 200 companies worldwide. The firm’s current
portfolio includes more than 80 companies with combined sales in excess
of $30 billion. For more information, please refer to the H.I.G. website
at www.higcapital.com.