August 6, 2004 - Trivest Partners, L.P. has completed the recapitalization of Schoor DePalma Inc. Headquartered in Manalapan, New Jersey, Schoor DePalma generated over $80 million in revenue in 2003 offering a broad range of consulting services for the public and private sector from 12 office locations throughout New Jersey, Pennsylvania, and New York. In the past year, Schoor DePalma has been awarded a number of prestigious regional and industry awards, including a ranking of 96th among the top 500 architectural and engineering firms in the nation, 61st among the top 100 pure design firms in the nation, and 148th among the top 150 pure design firms in the world in 2004 by Engineering News-Record.

Trivest Partners is a Miami, Florida based private investment firm and leading provider of equity for middle market corporate acquisitions, recapitalizations and growth capital financings. Since its founding 1981, Trivest Partners has sponsored more than 115 acquisitions and recapitalizations, totaling in excess of $2.4 billion in value. Trivest invests primarily in four market segments - consumer products, business services, niche manufacturers and healthcare companies.

Duff & Phelps, LLC initiated the transaction, assisted in negotiations, and served as the exclusive financial advisor to Schoor DePalma. Duff & Phelps is a national investment banking firm with operations in five principal areas: Mergers and Acquisitions Advisory Services, Private Placements of Debt and Equity Securities, Financial Restructurings, Valuations and Fairness Opinions, and ESOP and ERISA Advisory Services. Our firm has over 100 employees in five offices: Chicago, New York, Los Angeles, San Francisco, and Seattle. For over 70 years, both closely held companies and Fortune 500 firms have turned to Duff & Phelps for our outstanding technical knowledge and proven ability to formulate and execute the best financial solutions.