Press Release Archive:
New Image acquires Kelly's Crafts, Inc. 10/06
New Image acquires Signature Designs 07/06
  Tronair, Inc. Acquires JETporter 04/06
  New Image Group Acquires Lara's Crafts, Inc. 12/05
  Tronair, Inc. Acquires Arvico Corp. 12/03
River Capital announces creation of New Image Group, Inc. 11/03
  MasterWorks Decor Acquires Assets of The Tree Factory, Inc. 06/03
Acquistion Archive:
Kelly's Crafts, Inc. 10/06
Signature Designs International 07/06
JETPorter, Inc 04/06
  New Image Group, Inc. 12/05
  Lara's Crafts, Inc. 12/05
  MasterWorks Decor, Inc. 06/03
  Tronair, Inc. 01/00
  American Threshold Industries, Inc. 12/98
  Piedmont Aviation Services, Inc. 07/98
Other Announcements:
  River Capital Sells American Threshold Industries To Allegiance Healthcare 03/01

We are pleased to announce that



A portfolio company of



has been merged with
PIEDMONT HAWTHORNE AVIATION
A Corporation formed by The Carlyle Group and Management

Piedmont Aviation Services, Inc. operates general aviation facilities serving the corporate, charter and private aviation markets. The Company also provides maintenance and overhaul services, charter services, flight training, and aircraft sales.

River Capital, founded in 1983, is a private investment firm, which organizes and invests in the acquisition of select, well-established middle market companies. River Capital is one of the oldest firms of its type in the southeast and has acquired companies in a broad range of industries with combined revenues over $500 million.

Two Midtown Plaza
1349 West Peachtree Street, Suite 1430
Atlanta, Georgia 30309
(404) 873-2166

December 1998




River Capital  ·  4200 Northside Parkway  ·  Building 14, Suite 250  ·  Atlanta, GA 30327  ·  404-873-2166 (Ph)  ·  404-873-2158 (Fax)  ·  info@river-capital.com