Tactical Holdings Completes Investment in Massif Holdings LLC

Massif Poised for Next Phase of Growth

ASHLAND, Ore. Tactical Holdings, a global provider of military and tactical footwear, and its equity partner, Golden Gate Capital, a San Francisco-based private equity firm with over $8 billion of capital under management, announced today that they completed an investment in Massif Holdings LLC (d/b/a “Massif”), a leading supplier of flame resistant (FR) technical apparel in the United States.

Massif’s specialized product offering includes the Army Combat Shirt, flame resistant soft shell apparel, extreme weather layering systems, as well as an array of flame resistant apparel accessories.

For Tactical Holdings, the investment in Massif represents another in a series of recent developments that began in May 2007 with Golden Gate Capital’s going-private acquisition of Wellco Enterprises, and continued with Tactical Holdings’ acquisition of Altama Delta Corporation in December 2008.

Lee Ferguson, Chief Executive Officer of Tactical Holdings, Inc., said, “We are pleased to welcome Massif to the Tactical Holdings family. Over nearly a decade, Massif has demonstrated impressive innovation and technical performance, while serving as one of the true pioneers in the FR military apparel industry. We are enthusiastic about working closely with Massif’s talented employees to continue serving the company’s exceptional customer base.”

Ken Diekroeger, a Managing Director of Golden Gate Capital, added, “Massif is a marquee brand supported by a consistent history of high-quality service and operations. This is an important investment for Tactical Holdings, and Golden Gate Capital looks forward to partnering with Massif to build a strategically significant player in the tactical apparel and accessories industry.”

“Massif is very excited about the possibilities afforded to us through the alliance with Golden Gate Capital and Tactical Holdings,” said Jeff Roberts, Massif Co-Founder and Chief Executive Officer. “This relationship will help us accelerate our growth initiatives, while also maintaining the technical and product leadership that has defined our organization.”

About Massif Holdings LLC

Headquartered in Ashland, Oregon, Massif Holdings LLC is a leading supplier of protective apparel to the U.S. Military and other professionals who work in extreme environments. Massif’s products include technical combat apparel, flame resistant soft shell apparel, and extreme weather layering systems. Massif was founded in 1999. For more information, visit www.massif.com.

About Tactical Holdings, Inc.

A portfolio company of Golden Gate Capital, Tactical Holdings, Inc., is a leading provider of tactical apparel and accessories in the United States and internationally. With the investment in Massif, Tactical Holdings’ product offering expands from military footwear – such as the hot weather boot, temperate weather boot, and the anti-personnel mine boot – to include highly technical flame resistant clothing. The company also sells specialized machinery and materials, and renders supply chain assistance and other services to licensees for the manufacture of footwear. Tactical Holding traces its roots to the founding of its subsidiary Wellco Enterprises in 1941; the company is presently headquartered in Knoxville, Tennessee. For more information, visit www.wellco.com and www.altama.com.

About Golden Gate Capital

Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $8.0 billion of capital under management. Golden Gate is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. The firm targets investments where there is a demonstrable opportunity to significantly enhance a company’s value. The principals of Golden Gate have a long and successful history of investing with management partners across a wide range of industries and transaction types, including leveraged buyouts, recapitalizations, corporate divestitures and spin-offs, build-ups and venture stage investing. For more information, visit www.goldengatecap.com.

Source: Golden Gate Capital