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KRG Capital Partners Puts Confidence in Federal

(February 17, 2009) – KRG Capital Partners (KRG), a Denver-based private equity firm, announced that it has completed an investment in Federal. KRG completed the acquisition of Federal by bridging the entire transaction with KRG’s fund capital and will be conducting the debt financing of the Company post closing. Federal is the third platform company for KRG’s $1.96 billion Fund IV.

“KRG’s investment in Federal along with their experience and resources in our industry sector will help us to expand our product offering, support our existing customers and build new relationships,” said Kevin Lyons, Vice President of Federal. “Federal plans to continue to enhance its reputation of superior manufacturing with very short lead times and expects to further expand into fast growing markets such as offshore and into new end markets such as nuclear.”

Already, the support of KRG Capital Partners has enabled Federal to invest in key assets, talent and tools that are benefiting the company’s global customer base.

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Media Contact:

Nina Provenzano-Rand, Unleaded Communications

(713) 874-8212

nina@ulcomm.com