A selection of investments made by Fairmont is as follows:
Stampede Meat, Inc.   Headquartered in Bridgeview, Illinois, Stampede is a leading supplier of value-added beef products for a nationwide blue-chip customer base that includes leading national restaurant chains, quick service restaurants, foodservice distributors, home delivery networks and grocery retailers.   Stampede customizes its protein products to specifications which include portion size, tenderizing, seasoning, marinating, breading, cooking, and packaging.   Since 1995, Stampede has achieved tremendous growth through its comprehensive focus on customer service, high quality product offerings, food safety, and state-of-the-art production capabilities.   Fairmont worked closely with the founding family to structure a recapitalization of the company to provide growth capital as well as liquidity for shareholders. www.stampedemeat.com
Garden Fresh Restaurant Corp.   The nation's leading "salad bar"-style restaurant chain, headquartered in San Diego, California.   With annual sales in excess of $225 million, Garden Fresh operates 97 restaurants under the names Souplantation in the Southern California market and Sweet Tomatoes in Northern California, Arizona, Florida, Illinois, Georgia, Kansas, Missouri, and North Carolina.   This "going-private" transaction allowed shareholders to receive both liquidity and a premium not possible in a micro-cap public company.   The transaction also allowed the management team to be able to concentrate on long-term growth rather than short-term stock market fluctuations.   Garden Fresh was subsequently sold to a financial buyer. www.gardenfreshcorp.com
VICORP Restaurants, Inc.   A major family-style restaurant chain, with annual sales in excess of $375 million.   258 corporate and 121 franchised restaurants operate under the names Baker's Square and Village Inn, with concentrations in the Rocky Mountain region, the upper Midwest, and California.   VICORP also manufactures high quality, fresh-baked pies through VICOM, its bakery division, with three plants in California, Illinois, and Minnesota.   This "going-private" transaction allowed management to concentrate on long-term growth rather than short-term stock market fluctuations.   VICORP was subsequently sold to a financial buyer. www.vicorpinc.com
Shari's Management Corporation   A leading Pacific Northwest chain of family-style restaurants.   With over 95 restaurants and annual revenues in excess of $150 million, Shari's has established itself as a regional market leader by combining quality food and pleasant surroundings with good value, efficient service and 24-hour accessibility.   Shari's has historically generated steady growth and profitability through various economic cycles under the direction of its experienced management team and enjoys a loyal base of repeat customers.   This acquisition repositioned the company for strategic growth through new business concepts, unit additions, and the acquisition of competitors.   Shari's was subsequently sold to a group of financial buyers. www.sharis.com
Expressions Furniture, Inc.   Financial and operational turnaround of this fashion-forward furniture company.   Expressions is vertically integrated, owning a major upholstery manufacturing plant, and operates a national retail network of franchised showrooms.   Acquired on the brink of financial collapse, Expressions required a complete rework of its manufacturing and franchising operations.   The successful restructuring of the company generated significant operating profits. Expressions was subsequently sold to a strategic buyer. www.expressions-furniture.com
Insurance Auto Auctions, Inc.   Previously named Los Angeles Auto Salvage, Inc.   This unique company provides insurance companies with a cost-effective, turnkey means to process and sell total loss and recovered theft vehicles -- in simpler terms, it is an auction house for wrecked cars.   Post acquisition, the company's business formula was significantly refined, cash flow was enhanced, and a new strategy of growth through the acquisition and consolidation of competitors in other geographic areas was developed.   To facilitate this rapid growth strategy, a very successful initial public offering was executed and the company's name was changed to Insurance Auto Auctions, Inc.   The company has become the largest buyer and reseller (via auction) of insurance company automobile salvage in the United States, with approximately $300 million in sales and 450,000 vehicles processed per year.   After a very successful initial public offering, our investment in IAAI was sold via the public market. www.iaai.com
The White Pine Company, Ltd.   A mail order apparel company with the catalog tradename of Winter Silks.   At acquisition, the company's primary product was "silk longjohns" produced in China.   Our interest in White Pine was sold via a financial recapitalization. www.wintersilks.com
Krause's Sofa Factory   Retailer and manufacturer of mid-priced upholstery.   The company was acquired from its aging founder, who was no longer effectively leading the organization.   Post acquisition, the company was evolved into a professionally managed company with a well-defined growth strategy.   Consequently, the company grew from $55 million to $120 million in annual sales, increased its retail locations from 54 to 92 stores, expanded nation-wide, built a new factory, and acquired the operations of several competitors.   One of the key acquisitions consituted a major operational turnaround of a New York-based retailer and manufacturer of sofabeds, Castro Convertibles Corporation.   Founded in 1931, Castro Convertibles was the first to introduce the modern sofabed mechanism, and in the post-World War II era became one of the largest furniture retailers on the East Coast.   However, after the death of its founder, the company declined rapidly.   Upon acquisition, the company was completely restructured -- with remodeled showrooms, new sales and marketing programs, and consolidation of manufacturing plants.   The restructuring returned Castro Convertibles to profitability, and the company again expanded its retail operations.

During the time Krause's was part of our portfolio, Krause's was recapitalized several times and was eventually taken public as Krause's Furniture, Inc.   Our investment in Krause's was sold via the public market.