News 2008

Cyprexx Services LLC completes sale of minority interest

Brandon, FL, March 31, 2008 – Cyprexx Services LLC announced today that it has completed the sale of a minority interest in the company to Trident IV, L.P., a private equity fund managed by Stone Point Capital LLC. The Ory family will remain the majority shareholder. Cyprexx is a leading field services company that provides property preservation, inspection and repair services nationwide to residential mortgage lenders and real estate owned asset management firms.


We are excited about our partnership with Stone Point Capital,” said Ronnie Ory, Chairman of Cyprexx. “Stone Point Capital’s experience and relationships in the mortgage servicing sector make it an ideal partner for Cyprexx as we continue to grow our business.”


Brett Ory, President of Cyprexx, added, “Stone Point Capital shares our orientation toward long-term relationships with employees, customers, and business partners, which is particularly important to us as a family owned and run business.”


Stone Point Capital CEO, Charles A. Davis, added, “The Cyprexx management team has done a very impressive job in growing the company into a leading national field services company. We look forward to supporting the Ory family and the rest of the management team as they continue to build their business.”


Cyprexx clients are residential mortgage lenders and real estate owned asset management firms handling residential properties in foreclosure. The company operates as a vendor management firm and uses its nationwide network of local vendors to perform field services work.

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Stone Point Capital LLC (www.stonepoint.com) is a global private equity firm based in Greenwich, Connecticut. Stone Point Capital, which serves as the manager of the Trident Funds, has raised more than $10 billion in committed capital for investments in the global insurance and financial services industries.