News 2007

Chicago, IL – August 15, 2007; City Capital Advisors, LLC, a Chicago middle market investment bank formed in 2006, announced today Sensata Technologies has acquired Airpax Holdings.

Transaction Summary

Sensata Technologies has closed the acquisition of Airpax Holdings, Inc., a manufacturer of components and systems for low voltage power protection, sensing and control applications. City Capital initiated this transaction as a result of having met Sensata in a previous M&A transaction managed by City Capital. The firm contacted Chicago Growth Partners (CGP) regarding their investment in Airpax, a company City Capital felt would be a good acquisition for Sensata, and ultimately introduced the two management teams. Sensata then retained City Capital to serve as its exclusive financial advisor in the acquisition of Airpax, a transaction in which a definitive agreement was reached within 35 days of CGP’s decision to entertain an offer.

About Sensata

Sensata Technologies (Attleboro, MA) is a designer and manufacturer of sensors and controls for leaders in the global automotive, appliance, aircraft, industrial and HVAC market with facilities in Brazil, China, the Dominican Republic, Japan, Korea, Malaysia, Mexico, The Netherlands and the United States as well as sales offices around the world. Formerly the Sensors & Controls business of Texas Instruments, Sensata was an April 2006 management buyout sponsored by Bain Capital. Its revenues for the year ending December 31, 2006 were approximately $1.2 billion.

About City Capital Advisors, LLC

City Capital is a results-oriented investment and merchant banking advisory firm dedicated to delivering business owners optimal performance in capitalizing on the value of their companies. Client engagements are managed by experienced senior bankers who have built successful practices at renowned investment banks, but sought a highly focused environment from which to advise their clients in a highly responsive manner. Our capabilities include mergers and acquisitions, leveraged recapitalizations, private capital formation for growth/acquisition/ownership transition, and managing direct investments. Our long standing relationships with strategic buyers and financial investors with interests across a wide variety of industries enables City Capital to offer its clients unique and proprietary execution capabilities.

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