Lone Star Overnight Completes Refinancing

Boston, MA and Austin, TX — Fort Point Capital (“Fort Point”) announced the completion of the recapitalization of its portfolio company, Lone Star Overnight (“LSO” or the “Company”). Lone Star is a leading intra-regional express and ground parcel delivery company serving businesses throughout the Southwest U.S. Fort Point initially invested in LSO in April 2011. The recently completed recapitalization consisted solely of senior debt and enabled LSO to repay its higher cost unitranche debt.

“Since our initial investment, LSO has grown substantially while generating strong free cash flow, and, as a result, has reduced its leverage faster than expected,” said Brooke Ablon, a Partner at Fort Point. “The recapitalization is the direct result of the hard work of the LSO management team. The new capital structure significantly reduces LSO’s overall borrowing costs and allows all shareholders to more fully participate in the value creation occurring at the Company.”

“Lone Star Overnight has directly benefited from Fort Point’s operating and transaction expertise and we look forward to continuing our successful partnership,” said Rick Jones, Chief Executive Officer of Lone Star Overnight.

About Lone Star Overnight

Since 1991, Lone Star Overnight has offered reliable, efficient package delivery service in Texas, Oklahoma, Western Louisiana, Eastern New Mexico, and Mexico. Lone Star offers a full range of next-day and day-definite time-guaranteed delivery options throughout its service area at rates significantly lower than the competition. Headquartered in Austin, Texas, the regional small parcel carrier’s dedicated employees, late pick-up times, early morning delivery options, and lower rates make Lone Star the high-service, high-value provider. For more information, please visit www.lso.com or call (800) 800-8984.

About Fort Point Capital

Based in Boston, Massachusetts, Fort Point Capital is a private equity firm that invests in lower middle market, service-oriented companies in partnership with strong management teams.Fort Point Capital is currently investing from FPC Small Cap Fund I, which is targeted at $150 million. Please contact Fort Point at (617) 302-2444 or visit www.fortpointcapital.com.