Harvest Partners Completes Sale of FCX Performance

NEW YORK–(BUSINESS WIRE)–Harvest Partners, LP (“Harvest”), a New York-based private equity firm,
announced today it has completed the previously announced sale of FCX
Performance (“FCX”) to Applied Industrial Technologies (NYSE:AIT). FCX
is a leading distributor of mission-critical products and value-added
services to end users, OEMs and contractors across the industrial
process, oil and gas, power, life sciences, municipal and commercial
markets.

About Harvest Partners

Founded in 1981, Harvest Partners is a leading New York-based private
equity investment firm pursuing management buyouts and recapitalizations
of middle market companies in North America. Harvest focuses on
acquiring profitable companies in the industrial services, manufacturing
and distribution, business services and consumer, and healthcare
services sectors. This strategy leverages Harvest Partners’ more than 35
years of experience in financing organic and acquisition-oriented growth
companies. For more information, please visit www.harvestpartners.com.

Contacts

Harvest Partners, LP
Michael DeFlorio, 212-599-6300