F.N.B. CAPITAL CORPORATION PROVIDES MEZZANINE FINANCING TO SUPPORT POINT LOOKOUT. CAPITAL PARTNERS IN ACQUIRING TRI-TECH,INC. A LEADING MANUFACTURER & DISTRIBUTOR OF LAW ENFORCEMENT & FORENSIC CRIME SCENE INVESTIGATION PRODUCTS.

tritechFounded in 1983 and operating out of Southport, North Carolina, Tri-Tech, Inc. is a leading designer, manufacturer, and distributor of over 4,000 law enforcement products. It is also one of the largest manufacturers of forensic evidence collection kits, DNA collection kits used in crime laboratories, and other customized crime scene investigation kits. Now doing business as Tri-Tech Forensics, Inc., the Company’s products are also utilized by forensic labs, law enforcement agencies, professional sports teams, drug testing laboratories, and large corporations throughout the world. F.N.B. Capital provided mezzanine financing to support the acquisition of the assets of Tri-Tech, Inc. by Point Lookout Capital Partners II, L.P., a Manhattan-based private investment firm. “Tri-Tech has had an outstanding reputation in the forensics market for many years,” said James Cesare, Managing Partner of Point Lookout Capital Partners. “Given the increasing levels of accountability required from the judicial system, crime scene investigation products are becoming more sophisticated and the users are demanding higher quality products,” he added. For more information, please visit the company’s website at www.tritechusa.com.

 

December 04, 2008

F.N.B. Capital Corporation provides mezzanine financing to support Point Lookout. Capital Partners in acquiring Tri-Tech,Inc. A Leading Manufacturer & Distributor of Law Enforcement & Forensic Crime Scene Investigation Products.

F.N.B. Capital Corporation, LLC, the Pittsburgh-based merchant banking subsidiary of F.N.B. Corporation (NYSE – FNB), has provided mezzanine financing to support the acquisition of the assets of Tri-Tech, Inc. by Point Lookout Capital Partners II, LP, a private investment firm based in New York City. In addition to financing the acquisition, a portion of the financing provided by F.N.B. Capital Corporation will be used to invest in global expansion opportunities, enhancement of distribution channels, and increased marketing efforts, as well as product development. Financial terms of the transaction were not disclosed.

“We are honored to enter into this partnership with Point Lookout Capital Partners and Tri-Tech,” noted Stephen Gurgovits, Jr., President and CEO of F.N.B. Capital Corporation. “The Company is a leading provider of law enforcement products and crime investigation kits, and they support an invaluable service to society by providing high quality and very effective solutions to crime scene investigations. We are confident that F.N.B. Capital’s investment in Tri-Tech will position the Company to continue its path of success and growth within the marketplace.”

Founded in 1983 and operating out of Southport, North Carolina, Tri-Tech, Inc. is a leading designer, manufacturer, and distributor of over 4,000 law enforcement products. It is also one of the largest manufacturers of forensic evidence collection kits and DNA collection kits used in crime laboratories and customized crime scene investigation kits. Now doing business as Tri-Tech Forensics, Inc., the Company’s products are also utilized by forensic labs, law enforcement agencies, professional sports teams, drug testing laboratories, and large corporations throughout the world.

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