Azalea Capital Announces New Addition To Investment Team

July 29, 2010: Azalea Capital is pleased to announce the recent addition of M. William Lucas as an Analyst with our Investment Team.

Mr. Lucas, a Virginia native, is a 2009 graduate of Furman University with a B.A. in Business Administration. Prior to joining Azalea, Mr. Lucas worked with Spinx Oil Company in Greenville, SC as an analyst reporting to the CEO. During his tenure at Furman, he interned for Azalea Capital and for UBS in New York.

Azalea recently closed its third investment partnership, Azalea Fund III, L.P. with $83 million of committed capital. With this new Fund, Azalea will continue its historic investment focus on lower middle-market firms in the Southeast to facilitate management buyouts, business recapitalizations, and growth plans. Targeted industries for investment continue to be manufacturing, business services, consumer products, value-added distribution, and healthcare. Typical investment candidates will have annual revenues ranging from $10 million to $75 million, and EBITDA of $2 million to $10 million. For additional information on Azalea Capital and The Azalea Fund III, L.P., please call  Ben Wallace or visit www.azaleacapital.com.