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NEW YORK | January 2016

Praesidian Capital Invests in Action Target, Inc.

$11.5 Million Senior Subordinated Debt Facility Supports Balance Sheet Recapitalization

NEW YORK — January 13, 2016 — Praesidian Capital (�Praesidian�), a leading provider of senior and subordinated debt capital for small and mid-sized companies, announced today that it led an investment of $11.5 million in senior subordinated debt to support the balance sheet recapitalization of Action Target, Inc. (�Action Target�, �ATI�, or the �Company�).

Headquartered in Provo, UT, Action Target, Inc. provides a total shooting range solution for commercial, law enforcement, and military ranges. ATI is the largest independent shooting range equipment provider in the United States, with market share in excess of 50% of the commercial and law enforcement ranges. ATI has completed some of the largest installation projects in the industry and differentiates itself by engineering, manufacturing, and installing all of its own products.

Action Target CEO Michael Birch declared that �ATI has been fortunate to have the support and guidance of Dubin Clark over the past seven years. We are pleased to have the new participation of Praesidian on the balance sheet recapitalization that strengthens our financial foundation as we explore new business opportunities.�

�We are happy to be working with Action Target and Dubin Clark on this recapitalization,� stated Praesidian Managing Director Wes Owen.

Praesidian Partner Jon Mansfield commented: �This is an opportunity for us to invest in a market leader with a well-established business model and strong record of growth.�

About Action Target, Inc.
Founded in 1986 and headquartered in Provo, UT, Action Target, Inc. designs, manufactures and installs shooting range equipment and provides range supplies for commercial, law enforcement and military ranges. ATI is now the market leader for shooting range equipment in the U.S. with more than 50% of market share in commercial and law enforcement ranges. The Company differentiates itself from its competitors with its unique start-to-finish approach from design and engineering to manufacturing and installation. For more information, visit www.actiontarget.com.

About Praesidian Capital
Praesidian Capital is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to private lower middle market businesses in the United States, United Kingdom, Germany, and selectively in Northern Europe. Praesidian invests in established small and mid-sized companies, often in connection with management buyouts, recapitalizations and refinancings. Based in New York City with an office in London, Praesidian manages nearly $1 billion in committed capital. For more information, visit www.praesidian.com.

About Dubin Clark, LLC
Dubin Clark manages multiple private equity funds with limited partner contributions from pension plans, insurance companies, financial institutions and high-net-worth individuals. Founded in 1984, Dubin Clark has executed more than 70 acquisitions and has consistently partnered with outstanding management teams in building world-class businesses. The firm has found success through a coordinated approach that includes providing the capital necessary to support internal growth, completing add-on acquisitions to build market share, and helping to develop new strategies for the future, while protecting the independence, culture and values that make each company successful. The firm has offices in Boston, MA, Ponte Vedra Beach, FL, and Greenwich, CT. For more information, visit www.dubinclark.com.

Contact: The Abernathy MacGregor Group
(213) 630-6550
Rivian Bell, rlb@abmac.com
Kristin Cole, kec@abmac.com
Karen Dang, kqd@abmac.com

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