Gary Talarico Joins Gordon Brothers Group as President & Chief Executive Officer

BOSTON, July 18, 2011 -

Gordon Brothers Group, a global advisory, restructuring and
investment firm specializing in the retail, consumer products,
industrial and real estate sectors, announced today that Gary M.
Talarico joined the firm as President & Chief Executive
Officer reporting to the Board of Directors. Michael Frieze will
assume the role of Chairman, Board of Directors. Mr. Talarico will
lead the continued growth of Gordon Brothers Group’s global
platform of integrated operating and capital solutions designed to
maximize value for operating companies, lenders and investors.

(Photo: href="photos.prnewswire.com/prnh/20110718/NE36508">photos.prnewswire.com/prnh/20110718/NE36508
)

Mr. Talarico brings over 25 years of broad experience in
investment banking and private investments both domestically and
abroad. Prior to joining Gordon Brothers Group, he was Managing
Partner of Cora Street Partners, an advisory boutique. From 2004 to
2009, Mr. Talarico was a Managing Director of Sun Capital Partners,
responsible for building and managing the New York and Tokyo
offices of that firm. Prior to joining Sun Capital, Mr. Talarico
spent five years in Tokyo as a Managing Director of the Deutsche
Bank Group and Head of Global Corporate Finance in Japan, with
management responsibilities that included M&A, Equity Capital
Markets, Industry Groups, Real Estate and Private Equity. Mr.
Talarico began his career in investment banking in 1983 when he
joined Lehman Brothers Kuhn Loeb. Mr. Talarico spent nearly 15
years with Lehman Brothers where his last position was Managing
Director in the Financial Services Group with responsibility for
major banks and finance companies in the U.S.

“We look forward to having Gary join our leadership team. His
invaluable experience as an investment banker coupled with his
international expertise and overall business acumen will enable him
to take over the daily management, growth and integration of our
various divisions and affiliates,” stated Michael Frieze. “In
particular, Gary has an impressive record of successfully building
businesses, including the recruitment and retention of top talent,
which will help us strengthen our current business portfolio and
expand into new areas that complement our businesses and provide
additional services to our clients and transaction partners.”

Mr. Talarico added, “Gordon Brothers Group has an excellent
reputation for facilitating change by providing advice and capital
to their clients and partners. The firm’s unique knowledge and
experience as trusted advisors, operators and capital providers
help companies and investors achieve better results and better
outcomes. Whether the opportunity is in North America, Europe or
Asia, or whether it involves advisory services, lending money to
people, strategically disposing of assets, mitigating exposure on
liabilities or investing with partners, Gordon Brothers helps
clients and transaction partners manage change-and we do it
extremely well and with unparalleled integrity. I look forward to
working with Michael, the Board of Directors and the talented
professionals of Gordon Brothers Group to expand the success that
Michael and his team have achieved over the years.”

Mr. Talarico holds an MA in International Relations from the
School of Advanced International Studies of Johns Hopkins
University (SAIS), and a BS in Sociology and MS in Political
Science from Illinois State University. He currently serves as a
board member of the Japan Society and on the Advisory Board of the
SAIS. He is based out of Gordon Brothers Group’s global
headquarters in Boston, MA.

About Gordon Brothers Group

Founded in 1903, Gordon Brothers Group  ( href="www.gordonbrothers.com">www.gordonbrothers.com)
is a global advisory, restructuring and investment firm
specializing in the retail, consumer products, industrial and real
estate sectors. Gordon Brothers Group maximizes value for both
healthy and distressed companies by purchasing or selling all
categories of assets, appraising assets, providing debt and equity
financing, and operating businesses for extended periods. Gordon
Brothers Group conducts over $50 billion worth of transactions and
appraisals annually.

Craig Venezia, +1-617-422-7842