New York, NY (January 9, 2011) -- KPS Capital Partners, LP (“KPS”) announced today that it has sold its portfolio company, Bristol Compressors International, Inc. (“Bristol”), to Garrison Investment Group LP. Bristol is a leading global manufacturer and designer of compression technology used in residential and commercial air conditioning and heat pump applications. Financial terms of the transaction were not disclosed.

Houlihan Lokey, Inc. acted as financial advisor and Edwards Wildman Palmer LLP served as legal counsel to Bristol and KPS with respect to the transaction.

About Bristol Compressors International, Inc.

Headquartered in Bristol, Virginia, Bristol Compressors International, Inc. is a leading global manufacturer and designer of compression technology used in residential and commercial air conditioning and heat pump applications. Bristol supplies many of the world’s leading HVAC manufacturers as well as wholesale distributors and its products are marketed and sold on six continents and more than fifty countries around the world. For more information please visit www.bristolcompressors.com