JPB Capital Partners Acquires Wythe-Will Distributing

July 31, 2008 - Wythe-Will Distributing, LLC ("Wythe-Will" or the "Company") announced today that JPB Capital Partners has partnered with its management team to acquire the Company from the Hunt Private Equity Group. The management of Wythe-Will Distributing, led by CEO Gordon Angles, will continue to run the operations of the Company and will lead the execution of the company's strategic growth plan. Terms of the transaction were not disclosed.

Wythe-Will Distributing, headquartered in Williamsburg, VA, is a leading value-added specialty food distributor of branded and private label gourmet foods and confections. Out of its facilities in Virginia and Tennessee, the Company primarily supplies premium grocery retailers, such as The Fresh Market, Balducci's and Ukrop's, throughout the eastern United States. In addition, the Company has been the primary supplier of confections to all of the Cracker Barrel Old Country Stores nationwide since 1987. The Company offers its customers a selection of over 6,000 stock keeping units ("SKUs") from over 400 domestic and international specialty food companies, including well-known brands such as Ghiradelli, Godiva, Jelly Belly, and Harry & David. Within the highly fragmented food distribution industry, Wythe Will represents one of the largest companies focused solely on the $38.5 billion specialty food segment.

JPB Capital Partners made the acquisition with an equity investment out of its latest private equity fund, JPB Capital Partners II, L.P., and financing from Bank of America Business Capital. The Hunt Private Equity Group has owned a majority interest in the Company since acquiring the business in 2002 and is exiting its interest in the Company through the normal course of operating its private equity fund, the Lafayette Investment Fund, L.P. VRA Partners, based in Atlanta, GA, advised the Hunt Private Equity Group on the transaction.

Commenting on the investment, J.P. Bolduc, Senior Managing Director of JPB Capital Partners, stated "We are excited to make this investment in Wythe-Will Distributing and to work with Gordon Angles and his outstanding management team. The professionals of JPB Capital Partners have significant experience in distribution as well as the broader food and beverage industry and we look forward to supporting and augmenting the continued growth of the Company in the coming years."

About JPB Capital Partners

JPB Capital Partners is a private equity firm located in Columbia, Maryland that invests in lower middle market companies in the Mid-Atlantic and Southeast. The JPB Capital Partners team combines operational expertise with its extensive network of relationships. Please visit www.JPBCapital.com for more information.

Contact: Parker Davis at JPB Capital Partners: (410) 884-1960.
Gordon Angles at Wythe-Will Distributing: (757) 566-5372.
Ron Kerdasha at Bank of America Business Capital: (410) 229-6155.
Doug McCartney at VRA Partners: (404) 835-1006.