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April 30, 2010

Code Hennessy & Simmons LLC (“CHS”) announced it has made a majority equity investment in Thermon Group Holdings, Inc., a leading global manufacturer of heat tracing equipment based in San Marcos, Texas. Funds for CHS’ investment in Thermon come from CHS Private Equity V LP, a $1.3 billion investment fund formed in 2005. The investment represents a partnership among CHS, Thompson Street Capital Partners and Thermon’s senior management.

Thermon’s products are dedicated to the external heating of piping, vessels and instruments for the purposes of freeze protection, process temperature maintenance, environmental monitoring and surface snow and ice melting. Thermon offers a full suite of electric and steam heat tracing equipment for the petrochemical, oil and gas, engineering, and power industries. For additional information about Thermon, please refer to the company’s website at www.thermon.com.

Thermon CEO Rodney Bingham said, “We were impressed with CHS’ deep experience in the infrastructure and industrial products space. Their expertise will be quite valuable as we expand globally, diversify our end-markets and introduce complementary products and services.”

Dan Hennessy, Partner at CHS, said, “Thermon is regarded as a pioneer in the heat tracing industry and well respected for their technical expertise and high customer service levels. We are pleased to partner with Thermon to pursue numerous growth opportunities, both organically and through acquisitions.”

The investment in Thermon complements CHS’ Infrastructure & Industrial Products portfolio, which currently includes Gundle/SLT Environmental, Inc., a leading designer and manufacturer of geosynthetic lining solutions; LVI Services Inc., the nation’s largest remediation and facility services firm; and Penhall International Corporation, the U.S. leader in concrete cutting, breaking, excavation and highway grinding services.

CHS is a Chicago-based private equity firm focused on investing in middle market companies in partnership with management. CHS targets well-managed companies focused on growth with enterprise values between $75 million and $1.0 billion. With particular expertise in the Infrastructure & Industrial Products, Business & Consumer Services, Distribution and Consumer sectors, CHS has completed 73 platform investments and 219 add-on investments. Founded in 1988, CHS has formed five private equity funds and currently manages over $2.8 billion of capital. For additional information about CHS, please refer to the firm’s website at www.chsonline.com.

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