Wilton, CT – January 4, 2011. Saugatuck Capital Company (“Saugatuck”) is pleased to announce the sale of PPI/Time Zero, Inc. (“PPI”) to an investor group led by Guardian Capital Partners.

PPI is a leading provider of high mix, complex electronics manufacturing services to the aerospace & defense, medical, industrial controls and instrumentation industries. Since its acquisition of PPI in November 2001, Saugatuck has successfully worked with the management team to build a brand name known in the aerospace & defense and high-reliability industry for its consistency in quality, delivery, and overall service. Headquartered in Paterson, New Jersey, PPI’s facility is ISO 9001:2000 certified, satisfies J-STD-001D and MIL-STD-I-454 requirements and is International Traffic in Arms Regulation registered. Today, PPI is capable of offering a full range of low-to-medium volume and highly customized electronic manufacturing services including turnkey printed circuit card assembly, card level test, burn-in, conformal coating, sub-assembly, electromechanical assembly and fully tested box build.

Founded in 1982, Saugatuck is a long-established private investment firm committed to leveraged recapitalizations, buyouts, and growth equity investments in the lower middle-market. Sourcing investment opportunities through an unparalleled network of contacts, Saugatuck invests in profitable, well-established, service-driven businesses. The firm has been dedicated to a philosophy of hands-on value creation in which exceptional management teams, in partnership with Saugatuck’s capital and expertise, build outstanding companies.