CURRENT PORTFOLIO COMPANIES


ACT Teleconferencing, Inc. is a full-service provider of audio, video, data and Internet-based teleconferencing services to businesses and organizations in North America, Europe, and Asia Pacific. Convergent, in participation with NewWest Mezzanine Fund, Kansas City Equity Partners and others provided $7.5 million in growth capital in May 2003.
 
America's PowerSports, Inc. - is a leading retailer of power sports equipment, including motorcycles, all terrain vehicles and personal watercraft. The Company has established itself as a leading dealer network for the world's largest power sports original equipment manufacturers including Harley-Davidson, Honda, Yamaha, Polaris and Bombardier. In January of 2004, Convergent in participation with several other mezzanine funds provided a $23.5 million line of credit to acquire other power sports dealerships.
   

AMSI, located in Gardena, California manufactures rolled and stretch formed metal components such as wing panels and fuselage sections for aircraft, fuel tanks for space booster rockets, and helicopter hub and rotor assemblies for the aircraft and aerospace industries. In May of 2005, Convergent provided capital as part of Advanced Products Corporation's buyout of AMSI.

   
Corporate Technologies USA, Inc., a subsidiary of Vicom Incorporated (NASDAQ: “VICM”), provides service, system integration, training and related communication sales and support activities for commercial, professional and institutional clients. Convergent has provided over $2.5 million in working capital financing since 2000.
 
DGI is an integrated commercial printer and fulfillment company and producer of greeting cards and social stationery. In May of 2005, Convergent provided subordinated debt financing as part of a change in ownership of Diversified Graphics Incorporated and the acquisition of Mara-Mi Inc, a Minneapolis based designer of boutique stationary products.
 
Drawer Box Specialties, Inc. is a leading manufacturer of custom drawer boxes for use by residential and commercial custom cabinetmakers and small to midsized furniture manufacturers primarily in the Western United States. Convergent provided capital for a change of ownership for Kinsman Capital's acquisition of Drawer Box Specialties in January of 2005.
 
Ecological Systems, Inc. processes non-hazardous wastewater, recovers and recycles used oils for secondary fuels and brokers the disposition of certain hazardous materials. Convergent provided capital for a recapitalization in January of 2005.
 
Hearthstone Assisted Living, Inc. is an owner and operator of 32 assisted living care communities nationwide. Convergent provided $2.5 million in growth capital for the continued development of communities in March of 2001.
 
Key Health Group, Inc. manages a California based radiology and neurodiagnostic provider network that assists the workers' compensation and personal injury segments of the diagnostic services market. Convergent, in participation with Huntington Capital and other existing investors, provided $3.0 million in a recapitalization of Key.
 
Micropack Bottled Water is a national provider of value-tier purified bottled water in single-serve sizes ranging from 0.5 liter to 1.5 liter. Micropack has built a network of bottling facilities in the eastern U. S. and secured a strong portfolio of well-recognized customers. In March 2004, Convergent lead a $3 million subordinated debt financing to acquire the retail bottled water business of Vermont Pure, a division of Vermont Pure Holdings, Ltd. (AMEX: VPS). The acquisition adds significant capacity to Micropack's previous four plant network and broadens product offering and geographic reach.
 
Pulse Systems is a contract manufacturer of medical-devices and components for the rapidly-growing field of minimally-invasive surgery. Components manufactured by Pulse are utilized in the endovascular field (i.e., in connection with catheter-based delivery systems that treat the human body through its network of blood vessels), and also can be used for neurovascular, peripheral, bronchial and reproductive-related devices. Convergent, in participation with four other mezzanine funds, provided $14.3 million in financing for Chicago Venture Partners acquisition of Pulse in June of 2004.
 
Progressive Rail, Inc. is a multi-faceted regional short-line railroad providing a host of services which include; trans-loading, warehousing, and managing the nationwide movement of heavy equipment by rail. Convergent provided growth capital in December of 2004.
 
Quality Assured Label, Inc. designs and produces pressure-sensitive labels for the personal care, pharmaceutical and household products industries. Convergent, in participation with Bayview Capital, provided $6.0 million in working capital financing in 2000.
 
Quality Rail Services, located in Golden, Colorado provides mobile mechanical services and refueling functions for locomotives in the US railroad industry. In August of 2005, Convergent provided subordinated debt financing as part of a change in ownership of Quality Rail Services.
 
Restaurant Technologies, Inc. is an industry-leading distributor and service provider, marketing a one-of-a-kind equipment and service program to the restaurant industry focused on bulk cooking oil management. Convergent, in participation with Bayview Capital, provided $7.5 million for the continued roll out of RTI's system in June of 2002.
 
Vermont Composites, Inc. designs, develops and fabricates advanced composite structures for commercial and aerospace markets. Convergent provided $3.5 million in acquisition capital for Advanced Products Corporation's purchase of Vermont Composites in September of 2004.
 
World Commerce Services, L.L.C., is a leading edge Chicago based transportation management and consulting firm providing service for import, export, and domestic freight handling. Founded in 1976, the Company also has offices in New York, Los Angeles, and San Francisco. Convergent, in participation with White Pines Ventures provided $3.0 million of acquisition capital for the purchase of World Commerce Services, L.L.C.