Boston, MA – April 1, 2008 – Seacoast Capital (“Seacoast”) announced today that it has successfully exited its investment in Niagara Thermal Products LLC (“NTP” or the “Company”), a Niagara Falls, New York-based manufacturer of heat exchangers for the marine, military and aircraft markets. Seacoast exited NTP in concert with the Company’s sale to ShoreView Industries, a $600MM private equity fund based in Minneapolis, MN.

“The the strength of the Company lay in its exceptional management team,” Seacoast Managing Director Tom Gorman commented. “They developed deep relationships with a broad range of customers, helping to solve their complex heat transfer needs. Ultimately, these relationships generated significant value to the Company and the investor group.” Along with Seacoast, North Atlantic Capital, Stonehenge Capital and Advantage Capital exited as part of the sale.

Seacoast is a private equity fund with $200MM under management, with offices in Boston, MA and San Francisco, CA. Seacoast originally invested a combination of subordinated debt and preferred stock in NTP through its first SBIC fund, Seacoast Capital Partners Limited Partnership.