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12/03/2013
Guard Hill Holdings’ Portfolio Company S.R. Smith Acquires Anti Wave Australia

Guard Hill Holdings is pleased to announce that its portfolio company, S.R. Smith,
LLC, has acquired the assets of Anti Wave Australia. The purchase brings S.R.
Smith a portfolio of competitive swimming products under the Anti Wave Brand,
which the company will market and sell in Australia and the surrounding islands.

The acquisition provides S.R. Smith access to the second largest pool market
in the world, with approximately 900,000 commercial and residential swimming
pools. Plans include expanding sales of S.R. Smith pool deck equipment
into Australia to supplement Anti Wave competitive product offerings as well as
offering a complete line of residential deck equipment. “This is an exciting
opportunity for S.R. Smith, one which promises to generate long term growth for
our business,” said Rich Laitta, S.R. Smith President & CEO. “It also helps counter
the seasonal trends in our domestic business as the Australian pool season is
counter cyclical to North America and Europe.”

Anti Wave products are well known in the competitive swimming world and
include starting blocks, water polo goals, racing lane lines, storage reels and
complementary accessories. The Australian business will trade under the name
SRS Australia PTY LTD and operate out of the existing Anti Wave manufacturing
and distribution facility in Ipswich, Queensland.

About S.R. Smith
S.R. Smith is a worldwide leader of residential, commercial and pool lift deck
equipment, products such as pool slides, diving boards and pool lifts. Founded in
1932, S.R. Smith is headquartered in Canby, OR with additional manufacturing in
Portland, TN. S.R. Smith products are featured on some of the finest pools
around the world.

About Guard Hill Holdings
Guard Hill Holdings is a private equity firm focused on manufacturing companies.
Having worked together for over 20 years, completing over 40 transactions such
as FreightCar America, Transportation Technologies Inc. and Fuel Systems, the
partners of Guard Hill Holdings continue to bring their operating and investment
experience to companies fitting with the following characteristics:
• Primarily US-based, niche manufacturers
• Sales in the $50-$250 MM range (No revenue requirement for add-ons)
• Underperforming businesses that need operating help
• Typically LESS than 10% EBITDA margin, but current profitability is not required

Please contact Anthony Recine with any new opportunities at
ARecine@GuardHillHoldings.com, or he can be reached at 914-234-6054.