Superior Capital Hires New Managing Director

DETROIT, May 19 /PRNewswire/ -- Superior Capital Partners LLC, a Detroit-based
private equity investment fund dedicated to the acquisition of lower middle
market companies in need of capital and operational improvement, is pleased to
announce the appointment of Scott Hauncher as a Managing Director of the firm.
Mr. Hauncher will be responsible for sourcing, executing and managing
investments made by the firm. Mr. Hauncher joins Superior Capital after
spending the last eleven years in the middle market private equity industry at
Long Point Capital, a private equity fund with over $300 million of committed
capital that invests in middle market manufacturing, distribution and service
businesses. Prior to joining Long Point, Mr. Hauncher worked for Salomon
Brothers and for the Detroit office of Deloitte & Touche LLP. He received a
bachelor's degree with honors from the Wharton School of the University of
Pennsylvania and received his M.B.A. from Northwestern's Kellogg School of
Management. Mark Carroll, Managing Partner of Superior Capital, commenting on
the hiring of Mr. Hauncher, said, "We are excited to add Scott to our team at
Superior Capital. Scott's experience in the private equity industry will help
us accelerate our ability to source and execute transactions and grow our
business. I have known Scott for several years and am excited to have the
chance to partner with him to build our firm."

About Superior Capital Partners LLC

The strategy of Superior Capital Partners is to combine our capital,
transaction experience and turnaround expertise with proven management teams
who have the vision, capability and commitment to successfully improve and
grow their businesses. Together, we seek to acquire or recapitalize niche
manufacturers, value-added distributors and specialty service companies.
These companies will have annual revenues between $20 million and $200
million, hold strong market positions and have identifiable growth
opportunities. The businesses in which we invest will generally be in
transition, experiencing performance challenges or will be in need of balance
sheet restructuring. We will invest up to $20 million of equity per
transaction to facilitate management buyouts, corporate spin-offs,
recapitalizations, family successions, acquisitions out of bankruptcy and debt
purchases.

The Superior Fund has approximately $60 million of committed capital. The
fund is managed by Superior Capital Partners LLC, an investment management
company located in Detroit's Guardian Building comprised of seasoned
investment professionals. Members of the firm include William Campbell,
William McKinley, Scott Reilly, Brian Demkowicz and Mark Carroll.

SOURCE Superior Capital Partners LLC

Mark Carroll of Superior Capital Partners LLC, +1-313-596-9601,
mcarroll@superiorfund.com, www.superiorfund.com