Recent Transactions

Stylus Furniture Ltd.
[ a privately-held Vancouver, BC, Canada based upholstery manufacturer]

has been acquired by

Terravest Income Fund

We inititated this transaction and exclusively represented the selling shareholders

December, 2004

Howard Miller Clock Company
based in Zeeland, Michigan

has acquired

Ridgeway Clock Company
based in Ridgeway, Virginia

a wholly-owned subsidiary of

Pulaski Furniture Corporation
based in Pulaski, Virginia

We initiated this transaction and acted as exclusive financial advisors to Pulaski Furniture Corporation

November, 2004

HON Industries, Inc.
[a leading manufacturer of office/contract furniture based in Muscatine, Iowa

has acquired the assets of

PAOLI, INC.
[one of America's largest independent manufacturers of wood office furniture]

January, 2004

Marlow Furniture
a Hickory, NC manufacturer of 8 way hand-tied upholstery

has been acquired by

Conover Chair Company
a Conover, NC manufacturer of 8 way hand-tied upholstery

We initiated this transaction and represented the selling shareholders

September, 2003

Sherrill Furniture Corporation
a leading manufacturer of quality upholstery furniture based in Hickory, NC

has acquired an equity position in

Theodore Alexander, Inc.
a manufacturer of quality wood furniture with operations in Vietnam

We acted as financial advisor to Sherrill Furniture Corporation

August, 2003

Bradington-Young, LLC
a Cherryville, NC based manufacturer of leather seating upholstery

has been acquired by

Hooker Furniture Corporation
a leading US casegood manufacturer based in Martinsville, Virginia

We initiated this transaction and exclusively represented the selling shareholders

January, 2003

Bernhardt Furniture, Inc.

has sold its wholly-owned subsidiary

Mundy's Veneer Company

Private Investors

July, 2002

Dallas Pillow Company
a manufacturer of pillows and cushions based in Lincolnton, NC

has been acquired by

Carpenter Company
a Richmond, VA based manufacturer of industial and consumer products

We initiated this transaction and exclusively represented the selling shareholders

February, 2001

Towne Square Furniture
a manufacturer of glider-rockers based in Hillsboro, TX

has been acquired by

Dutailier International
a global manufacturer of residential furniture based in Quebec, Canada

We initiated this transaction and exclusively represented the seller, River Associates, LLC, a private equity group based in Chattanooga, TN

November, 2000

Conover Chair Company
a high-end manufacturer of residential seating

has been acquired by

Dowell Craft Furniture, Inc.
a privately held manufacturer of residential furniture based in Conover, NC

We initiated this transaction and exclusively represented the selling shareholders

July, 2000

Madison Square Furniture
a manufacturer of residential casegoods and occasional furniture

has been acquired by

Private Investors
controlled by Mike Peterson

We initiated this transaction and exclusively represented the selling shareholders

March, 2000

Jaymar Furniture, LTD
a manufacturer of leather furniture based in Montreal, Canada

has been acquired by

Interior Logic Holding Company
a manufacturer of upholstery furniture controlled by River Associates, LLC

We initiated this transaction and exclusively represented the selling shareholders

February, 2000