Aequitas Capital Management's Catalyst Fund Purchases Skagit Gardens, Inc

Business Wire,  July 8, 2008  

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PORTLAND, Ore. -- Aequitas Capital Management announced today that its Catalyst Fund has acquired Skagit Gardens, Inc.

Skagit Gardens is a wholesale greenhouse company located in Mount Vernon, WA, specializing in producing and delivering annuals and perennials throughout North America.

"We are extremely pleased to partner with Aequitas Capital Management's Catalyst Fund. The Skagit Gardens management team was instrumental in selecting our new partner and feels strongly that this long-term relationship and compatibility of core values will enable us to continue our customer focus," said Chris Colasono, President/CEO of Skagit Gardens. "We look forward to building a stronger future with Aequitas Capital as our strategic and financial partner."

The acquisition will enable Skagit Gardens to continue its vision of "Delighting Customers" through new introductions and exceptional service, plus expand Skagit's capacity and ability to service its customers.

"We have been impressed with the service and value Skagit Gardens brings to its customers and are proud to partner with the Skagit management team to continue growing and delivering superior annuals and perennials in the Pacific Northwest," said Brian Oliver, Executive Vice President, Aequitas Capital Management, Inc.

About Skagit Gardens, Inc.

Skagit Gardens, founded in 1966 and located in Mount Vernon, WA, is a Pacific Northwest wholesale grower and leader in selecting, producing and delivering superior annuals and perennials to independent retailers, landscapers and growers throughout the USA and Canada.

About Aequitas Capital Management

Established in 1993, Aequitas Capital is an innovative and socially conscious alternative asset management firm providing equity, debt and mezzanine solutions to the middle market, healthcare and energy sectors. For more information, visit www.aequitascapital.com or call 503-419-3500.

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