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Madison Street Capital Advises Professional Pipe, Inc.

(“PPI”) on Its Majority

Recapitalization by KJM Capital, LLC

Chicago, IL, April 12, 2018 --( Madison Street Capital, an international investment banking
firm, served as exclusive advisor to Professional Pipe, Inc. (“PPI”) on the majority recapitalization of its
business by KJM Capital, LLC. PPI designs and installs process piping to manufacturing facilities,
including the nation's largest poultry processors. The transaction was announced by Charles Botchway,
CEO of Madison Street Capital and led by Senior Managing Director Lester “Jay” Rodgers. Terms of the
transaction were not disclosed.

“It was a long and challenging process and we're very grateful for the advice and counsel of Jay Rodgers
and the team at Madison Street Capital. We couldn't have done this without them,” said John Tyson,
President of PPI.

“We are pleased to partner with the entire PPI team to continue its success in providing process piping
services to the food and refrigeration industries,” said Kenneth Meister of KJM Capital, LLC. “We look
forward to becoming the industry leader in this space.”

"Our congratulations to the great team at PPI. The consistency of the company's performance over its
40-plus year history has been truly exceptional," added Jay Rodgers. "Part of our mission is to align
entrepreneurs with the right strategic partner. The experience and deep industry relationships that KJM
Capital brings to the table will catapult PPI to the next level.”

About Madison Street Capital

Madison Street Capital is an international investment banking firm committed to integrity, excellence,
leadership and service in delivering corporate financial advisory services, merger and acquisition
expertise, financial opinions, and valuation services to publicly and privately held businesses. These
services position our clients to succeed in the global marketplace. In undertaking each new project, the
client's goals and objectives become ours, ranging from financial advisory and successful capital raises to
M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core
component driving the global growth of our clients, and will continue to focus significant assets on these
markets. Our firm has earned the trust of clients around the world through our unwavering dedication to
the highest levels of professional standards. For additional information, please visit our website at

About Professional Pipe, Inc.

PPI was founded in 1972 in North Carolina as a piping contractor for the textile industry. Since 2006 PPI
pivoted its focus to food processing plants. Now, in its second generation, PPI provides equipment and
piping installation services primarily to poultry processors. PPI does projects for new construction,
renovations, replacements, and general facility maintenance in its clients' facilities.

About KJM Capital, LLC

KJM Capital, LLC was founded by Kenneth J. Meister and his partners to acquire leading lower to

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middle market companies that serve business customers. KJM Capital, LLC desires to partner with
existing owners by providing operational expertise, including software applications and
accounting/finance, to support continued growth with a focus on delivering an exceptional customer
service. For additional information please visit

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Contact Information:
Madison Street Capital
Courtney Fitzpatrick
Contact via Email
For Investment Banking Inquiries:
Kevin Owen, Director and Head of Deal Origination Group (312) 529-7000

Online Version of Press Release:

You can read the online version of this press release at:

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