Sale of Reichert, Inc. to Beecken Petty O'Keefe & Company.

CHICAGO -- Goldsmith Agio Helms is pleased to announce the sale of its client, Reichert, Inc. ("Reichert" or the "Company"), to Beecken Petty O'Keefe & Company ("BPOC"), a private equity fund focused on middle-market buy-out transactions, recapitalizations, and growth platforms in the health

TRANSACTION HIGHLIGHTS

Reichert, which is based in Depew, New York, is a leading manufacturer of high-quality screening and diagnostic devices for ophthalmologists, optometrists and retail eyecare centers. The Company provides a broad portfolio of equipment for use by eyecare professionals in diagnosing conditions ranging from common vision problems to significant diseases such as glaucoma. Reichert has established itself as one of the most tenured and recognizable brand names in the eyecare industry, with leading market share in many of its product lines and significant brand recognition among ophthalmologists, optometrists and other eyecare providers. Reichert works closely with leading teaching hospitals, research centers and universities to develop groundbreaking new instruments for the diagnosis and management of diseases of the eye.

"BPOC will be an excellent partner for management. Reichert's strong brand name, robust product pipeline, and excellent management team has positioned the Company to make a major leap in growth, and BPOC's experience in guiding health care companies through this phase of development will be highly valuable. This is an excellent outcome for all parties involved," said David Baker, Managing Director of Goldsmith Agio Helms. Ultimately, Summer Street and management chose BPOC as the ideal firm to replace Summer Street as Reichert's financial sponsor due to BPOC's health care focus, industry connections and track record of successful investments.

Reichert CEO Tim Levindofske stated that "the entire Reichert management team is very enthusiastic about the opportunities in front of us during a period of tremendous growth and exciting developments in the eyecare industry. We thank Summer Street for their support over the past four years and Goldsmith Agio Helms for their efforts in helping us identify a great new partner in Beecken Petty O'Keefe & Company."