Newport Beach, CA (May 31, 2007) ClearLight Partners announced today that it has completed a recapitalization of Cleves, Ohio-based TASI Holdings, Inc. along with Black Canyon Capital. As part of the transaction, Industrial Growth Partners, the former majority shareholder, and TASI management will continue to have an equity stake in the Company. ClearLight Partners and Black Canyon provided both equity and mezzanine financing in the transaction, while GE Antares provided senior financing.

TASI, based outside of Cincinnati, Ohio, is a leading provider of highly engineered test and measurement instruments and integrated systems, with diverse product platforms serving a broad range of end markets. TASI provides leak detection and assembly verification instruments and systems, automated assembly and test systems, and flowmeters and flow control products. “We are pleased to have ClearLight and Black Canyon as our new financial partners and look forward to working with them to build significant value through internal growth initiatives and add-on acquisitions,” said David Huberfield, President and CEO of TASI Holdings, Inc.  “We also feel fortunate to be able to continue an association with Industrial Growth Partners,” Huberfield added.

TASI companies utilize their experience, depth in application, innovative electronics software and unique communications capability to develop products and solutions that enable its customers to efficiently manufacture high quality products. This ensures TASI solutions exceed customer expectations and provide mission critical performance.

Michael S. Kaye, Managing Partner at ClearLight, stated, “We are delighted to have the opportunity to back David Huberfield and his strong management team at TASI. We’re also excited to partner once again with Black Canyon, and to have Industrial Growth Partners continuing on as investors in TASI."

The ClearLight deal team was led by Lawrence W. Ward, Jr. and Jay F. Shepherd.

About ClearLight Partners
ClearLight Partners is a private equity firm based in Newport Beach, California with $600 million under management. ClearLight invests in market-leading growth companies with $5 million to $25 million of EBITDA. ClearLight typically makes investments of $10-50 million. ClearLight seeks to partner with strong management teams who have a track record of building successful companies within their industry, and have the vision to build a market leader. Principals of ClearLight were previously operating executives of successful growth companies in the business services, consumer, and specialty manufacturing sectors that reached $100-300 million in revenues prior to achieving successful liquidity events. Founded in 2000 with a broad investment charter and a uniquely patient capital base, ClearLight works closely with its portfolio of successful middle-market growth companies and is actively seeking additional investment opportunities across the U.S. in a wide variety of industries, including education and training, specialty manufacturing, consumer, healthcare and business services, including specifically security services and outsourcing.

ClearLight Partners, LLC
100 Bayview Circle, Suite 5000
Newport Beach, CA 92660
www.clearlightpartners.com
Jay F. Shepherd
949.725.6624
Lawrence W. Ward, Jr.
949.725.6642

About TASI
TASI is the leading manufacturer of highly-engineered leak and test measurement equipment designed to enhance manufacturing efficiency in the automotive, plastics, industrial and pharmaceutical end markets. TASI also supplies automated test and assembly systems and flow meters and flow control products.

TASI Holdings, Inc.
5551 Dry Fork Road
Cleves, OH 45002
513.202.5182
www.tasigroup.com