Raymond James was engaged by the owner / managers to find a private equity partner to assist in the growth of the Company while allowing the owner / managers to realize liquidity for a significant portion of the business’ value.

Raymond James conducted a targeted marketing effort contacting financial sponsors with consumer product experience and a willingness to allow management to rollover a significant equity share.

TSG Consumer Partners (“TSG”) recognized that PSC was an attractive opportunity based on their investment criteria and proactively communicated their interest to become the preferred partner.

The owner / managers accepted an early offer from TSG because of their outstanding track record in consumer products and the excellent cultural fit with the owner / managers.

Raymond James assisted PSC in preparing marketing materials, initial contacts with financial sponsors, coordinating due diligence for six related entities which comprised PSC and worked closely with PSC’s counsel to negotiate and close the transaction.

TSG purchased 70% of PSC in a leveraged recapitalization that closed on February 13, 2008.