MORNINGSIDE EXITS FROM THE TAYLOR MADE GROUP INVESTMENT

Ridgefield CT

In March 2012, Morningside exited its investment in The TaylorMade Group (TMG), the undisputed leader in framed glass windshield technology for the boating industry and the world's largest manufacturer of marine glazing systems. Morningside invested at the beginning of the downturn in 2007 to support the company's operations.  TMG subsequently turned around its business with the aid of this capital and was able to recapitalize the balance sheet with new investors.