FOR IMMEDIATE RELEASE – June 23, 2008

Southlake, TX – Southlake Equity Group is pleased to announce the acquisition of PJ Trailers, Inc., the leading manufacturer of heavy-duty open trailers in North America, by a group of private equity investors led by Southlake Equity Group.  The transaction is the first acquisition by Southlake Equity Group, which was formed in 2007 and is based in Southlake, Texas.

About PJ Trailers

Headquartered in Sumner, Texas, PJ Trailers is the leading North American manufacturer of heavy-duty open trailers.  The company has manufacturing facilities in Texas and Mexico and distributes its broad line of high-quality open trailers throughout the United States and Canada through a network of more than 300 independent dealers.  PJ Trailers designs, manufactures and distributes more than 150 models of trailers.  Its trailers are used in a diverse range of industries, including agriculture, energy, transportation and construction.  For more information, go to www.pjtrailers.com.

About Southlake Equity Group

Southlake Equity Group is a private investment firm focused on acquiring middle market companies in the United States, and building industry-leading manufacturing and business service companies.  The firm partners with management teams to develop and implement long-term strategies to create industry leaders in the middle market.