MAVERICK ACQUIRED BY PRIVATE EQUITY GROUP

News Release:
DATE: 12/21/2010

Maverick Enterprises, a secondary closure company located in Mendocino County, announces today that it has been acquired by PCM Companies LLC, an affiliate of Private Capital Management, Inc., a registered investment advisor headquartered in Eagan, Minnesota with a long track record of success in the private equity business.

“As a market leader with an outstanding reputation for service and quality, Maverick is an ideal platform investment for our portfolio of private equity investments. We focus on profitable, high quality middle market companies, which Maverick clearly is. We are very excited to become long term partners with Maverick’s management team”, according to Michael Davies, principal at PCM. Maverick was previously owned by Riverside Company, a private equity company who has 19 offices worldwide.

According to Jon Henderson, Maverick’s Executive VP of Business Development, “Our management team feels that PCM will be a great equity partner that is committed to helping Maverick continue to grow not only in the wine industry but also in the distilled spirits and specialty foods industries. PCM is a great fit for us because they understand our commitment to our customers and they fully embrace our growth strategies. All of us here at Maverick are quite excited as to the potential this new partnership will bring us.”

Maverick is the largest vertically-integrated capsule manufacturer in North America employing over 100 people at its Ukiah facility. For more information please contact Jon Henderson at (707)234-6115 (office) or (707)322-0972 (cell) or e-mail to jhenderson@maverickcaps.com.