Argosy Exits AP Services, Inc.

On November 5, 2012, Argosy exited its investment in AP Services. AP services was sold to Curtiss-Wright Corporation (NYSE: CW), a provider of highly engineered, critical-function products, systems and services in the areas of flow control, motion control and metal treatment to the defense, energy and industrial markets.

Headquartered in Freeport, PA, AP Services (www.apservicesinc.com) is a manufacturer and value-added distributor of gaskets and sealing technologies and provides technical services to nuclear and fossil fuel power plant facilities. Based on its industry reputation and history of providing engineered, technology-driven sealing solutions, the Company maintains a blue-chip customer base composed of many of the largest power generation utilities in the United States and Canada. AP Services has grown to be one of the premier manufacturers and value-added distributors of gaskets and sealing technologies by differentiating itself through its engineered solutions, technical expertise and service offerings. The Company provides engineered sealing solutions to its clients by assisting them in the design and implementation of critical sealing products. In addition, AP Services has recently expanded its service offerings to include valve services for its nuclear power generation clients.