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AIG Global Investment Group Completes $10 Million Equity Investment in a Transportation Services Provider

On December 15, 2004 AIG Global Investment Group (AIGGIG), through its affiliates, provided $10 million of equity financing to Transport Industries Holdings, Inc. (TIH), a portfolio company of Fenway Partners, Inc. (Fenway), as part of a $70 million recapitalization. TIH, which is a leading provider of transportation and logistics services, was created through the combination of Transport Industries, LP, Total Warehousing, Inc. and American Trans-Freight, Inc. The company services customers nationwide across a range of sectors.

AIGGIG's investment takes the form of redeemable preferred stock and common equity. After giving effect to the transaction, Fenway remains the majority shareholder in the company. AIGGIG and several other investors participated in this transaction.

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