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F.N.B. Capital Partners Announces Second Investment in SBIC Fund

Pittsburgh, Pennsylvania – F.N.B. Capital Partners, L.P. (“FNBCP”), is pleased to announce the closing of the second investment in its new SBIC fund, New England Orthotic & Prosthetic Systems (“NEOPS”). FNBCP’s mezzanine investment provides growth capital to support the expansion of high quality orthotic and prosthetic patient care throughout the Northeastern United States. FNBCP is a $175 million fund, licensed as a Small Business Investment Company (“SBIC”) and managed by Tecum Capital Management, Inc.

“We are extremely excited about entering into a partnership with Summer Street Capital and NEOPS,” noted Stephen Gurgovits, Jr., Managing Partner of F.N.B. Capital Partners, L.P. “NEOPS offers clinicians the benefits of a large company while maintaining the entrepreneurial environment associated with an independent operation. The Company has a track record of leadership and success in the O&P industry. We believe that this business model is well positioned for growth in the current healthcare environment.”

NEOPS, which is majority owned by Summer Street Capital Partners, is a leading provider of orthotic & prosthetic patient care products and services through 31 branch operations across Connecticut, New York, Massachusetts, and Rhode Island. Ron Manganiello, an accomplished industry veteran, founded NEOPS in 1998 and continues to lead the company as C.E.O.

Summer Street Capital Partners was founded in 1999 and manages approximately $550 million in private equity capital focused on middle market companies.

About F.N.B. Capital Partners, L.P.

F.N.B. Capital Partners, L.P. is a pooled fund of committed capital licensed by the Small Business Administration (“SBA”) as an SBIC. FNBCP, headquartered in Pittsburgh, Pennsylvania, invests $3 million to $10 million per transaction. FNBCP specializes in providing mezzanine debt, subordinated notes, private equity and other types of financial capital to small and medium size commercial enterprises for the purposes of recapitalizations, buyouts, generational transitions, mergers and acquisitions and other growth capital.

About Tecum Capital Management, Inc.

Tecum Capital Management, Inc. (“Tecum”) is a private investment firm and management company for F.N.B. Capital Partners, L.P. Tecum, based in Pittsburgh, Pennsylvania, oversees a pool of committed capital focused on mezzanine debt, subordinated notes, private equity and other types of financial capital to small and medium sized commercial enterprises. The company is focused on providing financing for recapitalizations, buyouts, generational transitions, mergers and acquisitions and other growth capital needs.