J.F. Lehman & Company Announces Addition of Michael V. Cuff as Managing Director, Operations

NEW YORK, July 22, 2010 - J.F. Lehman & Company, a leading middle-market private equity firm
focused on the defense, aerospace and maritime sectors, is pleased to
announce the addition of Michael V. Cuff as Managing Director, Operations.
Mr. Cuff will be involved in all aspects of the firm's private equity
investment program, from due diligence and evaluation of investment
opportunities to development and execution of J.F. Lehman's strategic plan
for new portfolio companies. In particular, Mr. Cuff will focus on the
operational evaluation, oversight and direction of portfolio companies from
acquisition through exit.

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Mr. Cuff most recently served as a senior executive in the Aerospace
division of Honeywell International, Inc., a Fortune 100 company. Over his
seven-year career at Honeywell, Mr. Cuff assumed roles of increasing
responsibility, most recently as the head of Helicopter and Surface Systems.
In this role, Mr. Cuff was responsible for day-to-day management and
operations - including strategy, sales, finance, acquisitions and product
development - of a US$1.8 billion P&L that encompassed a wide range of U.S.
Army, Marine Corps and Navy surface programs as well as commercial and
defense helicopter programs. While running Helicopter and Surface Systems,
Mr. Cuff led a variety of growth initiatives that resulted in the
identification of US$2.0 billion in new opportunities while delivering an 85%
win rate on new contracts. In addition to driving revenue and profit growth
in his businesses, he developed and introduced new products, managed key
customer relationships and conceived and executed acquisition strategies.

Prior to joining Honeywell, Mr. Cuff completed a distinguished 28-year
career in the U.S. Army. Senior positions held included Strategic Planning
for Middle East operations at the Pentagon and seven years in program
management, where he successfully managed the Crusader program - one of the
Army's largest acquisition programs encompassing over 60 industrial
contractor partners.

"Mike is an accomplished executive with a background perfectly suited to
J.F. Lehman's investment strategy," said Louis N. Mintz, a Partner with the
firm. "We are equally excited about his enthusiasm and passion, and expect
our future portfolio companies will benefit tremendously from his skills in
business development, program management and operations."

"Growing and improving technically-driven enterprises is my passion," Mr.
Cuff said. "I'm excited about the opportunity to use my capabilities to
expand the firm's portfolio and drive value for J.F. Lehman's investors."

Mr. Cuff earned a B.A. degree from Brigham Young University and an M.E.
from Oregon State University. He also holds an M.S. from the National War
College, and completed the Strategic Technology Development Executive course
at M.I.T. and the Finance Executive Course from the University of Chicago. He
is Six Sigma Green Belt certified.

About J.F. Lehman & Company

J.F. Lehman & Company is a leading middle-market private equity firm
focused exclusively on the defense, aerospace and maritime sectors. The firm
has offices in New York and Washington, D.C.

For more information about J.F. Lehman & Company, please visit
www.jflpartners.com.

Lisa M. Steffens, +1-212-634-1150, lms at jflpartners.com