Sorenson Capital and Peterson Partners Completes Acquisition of MITY Enterprises

  
    
  
  
    
      MITY Enterprises, Inc. (“MITY”; 
      NASDAQ: MITY) announced today that it was acquired by Sorenson Capital 
      Partners, L.P. (Sorenson Capital) and Peterson Partners LP (Peterson 
      Partners) via a merger with an affiliate of Sorenson Capital and 
      Peterson Partners following the satisfaction of the closing conditions 
      of the previously announced transaction agreement. Under the terms of 
      the transaction, the holders of MITY common stock will receive $21.50 
      per share in cash for their shares.
    
    
      The board of directors of MITY unanimously approved the merger prior to 
      the announcement of the proposed acquisition on May 2, 2007. The Company’s 
      shareholders approved the proposed merger agreement providing for the 
      merger at a special meeting of shareholders held on June 26, 2007.
    
    
      With the completion of the transaction, MITY’s 
      common stock has been de-listed and will no longer trade publicly.
    
    
      “We are excited to add MITY to our growing 
      list of portfolio companies,” said Fraser 
      Bullock, Co-Founder and a Managing Director of Sorenson Capital. “MITY 
      has a great reputation in its industry and a wonderful workforce. We 
      plan on building upon the wonderful foundation established by Greg 
      Wilson and his team during the last twenty years.”
    
    
      About MITY
    
    
      Founded in 1987, MITY Enterprises, Inc. designs, manufactures and 
      markets innovative institutional furniture created to meet the 
      efficiency needs of its customers. MITY Enterprises focuses on providing 
      premium quality institutional furniture products to niche markets. The 
      product lines consist of multipurpose room furniture and healthcare 
      seating. MITY’s products are marketed under 
      the Mity-Lite, Broda and Versipanel tradenames. Headquartered in Utah, 
      MITY Enterprises serves national and international customers directly 
      and through distributors. For further information, visit MITY 
      Enterprises online at www.mityinc.com.
    
    
      About Sorenson Capital
    
    
      Sorenson Capital (www.sorensoncapital.com) 
      is a private equity fund that provides small- to middle-market buyout 
      and growth equity investments with a particular focus on opportunities 
      in selected states in the western U.S. Sorenson Capital is managed and 
      controlled by West Rim Capital; both are headquartered in Salt Lake 
      City, Utah with offices in Palo Alto, California and Phoenix, Arizona. 
      Press Contact: David Parkinson [phone] or [e-mail].
    
    
      About Peterson Partners
    
    
      Peterson Partners, based in Salt Lake City, is one of the Intermountain 
      West’s leading private equity firms. 
      Specializing in small to mid-sized companies, Peterson Partners has a 
      track record of success including investments in JetBlue, Making 
      Memories, EnergySolutions, Asurion, Instashred, Winder Farms, 3form and 
      Diamond Rental. Founded in 1995, Peterson Partners has over $300 million 
      under management through four funds. Press Contact: Jordan Clements 
      [phone] or [e-mail].