New York, NY (December 20, 2010) – North River Capital, LLC of Fort Wayne, IN, has acquired a majority interest in Coldwater Machine Company, LLC ("CMC" or the "Company") of Coldwater, OH. The sellers were JMAC, Inc., a private investment firm based in Columbus, OH, and CMC’s President, Mr. Jerome Meyer, who will retain his position and an equity stake in the Company. Sperry, Mitchell & Company, Inc. initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to Coldwater Machine Company.

Coldwater Machine Company, LLC (www.coldwatermachine.com) designs and manufactures high-precision machines, assemblies, tools, and machine components, which are integrated into the manufacturing operations of Original Equipment Manufacturers. From concept through installation, CMC collaborates with its customers to design and engineer customized machines, dies, tools, fixtures, gages, assemblies and components. The Company’s highly-engineered fabricated products are used in a wide array of industries, such as aerospace, energy, automotive, beverage, medical, and defense. CMC was founded in 1956.

JMAC, Inc. is a private investment firm that invests on behalf of the family of the late John H. McConnell, the founder of Worthington Industries, Inc. (NYSE:WOR), a $2.0 billion diversified metals processing company.

North River Capital, LLC (www.northrivercapital.net) is a privately-held equity capital firm. Founded in the summer of 2008 by members of the Rifkin family and other former OmniSource executives, the firm is focused on a balanced strategy that combines venture capital for new opportunities with the acquisition of majority positions in companies with significant growth potential.

Sperry, Mitchell & Company, Inc. (www.sperrymitchell.com) is an investment banking firm specializing in middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $20 to $500 million.