Peppertree Capital Sells TMW Systems

CLEVELAND, OHIO – (May 18, 2011)
Peppertree Capital Management, Inc. is pleased to announce the sale of Fund I’s interest in TMW Systems, Inc. at a substantial increase over its cost basis.

TMW is a leading supplier of software solutions for the transportation services sector. It employs more than 400 people and is based in Beachwood, Ohio. Peppertree Capital originally invested in TMW in September, 2005.

About Peppertree Capital Fund,

Peppertree Capital Management, Inc., a private equity firm focused on wireless telecommunications infrastructure, has $135,000,000 under management. It is headquartered in Chagrin Falls, Ohio and has an office in Dallas, Texas. www.peppertreecapital.com.

About TMW Systems

TMW delivers technology that enables transportation companies to improve operational efficiencies, improve transactional velocity as well as resource utilization, deliver superior customer service and ensure long-term profitability. It is headquartered in Cleveland, Ohio, and has offices Durham, North Carolina; Indianapolis, Indiana; Dallas, Texas; Vancouver, British Columbia; Nashville, Tennessee and Oklahoma City, Oklahoma. TMW currently serves more than 1,800 customers managing over 400,000 power units and maintaining more than 1.2 million assets worldwide, including North America, Europe, Asia and Latin America. www.tmwsystems.com.