Wellspring Capital Management LLC, a leading private equity firm, today announced that Matthew G. Harrison and Seth R. Pearson have been promoted to partner. Both were previously principals at the firm.

William F. Dawson, Jr., CEO of Wellspring said, "We are very pleased to add Matt and Seth to our partnership. Over the years, both Matt and Seth have played an integral role in the growth and development of Wellspring and our portfolio companies. We look forward to their future contributions and continued success."

Mr. Harrison joined Wellspring in 2005 and has focused primarily on the consumer, industrial and services sectors. He joined Wellspring from Bear, Stearns & Co. Inc. where he worked on a range of assignments including leveraged buyouts, strategic refinancings and M&A transactions across various sectors. Mr. Harrison graduated cum laude from Hamilton College with a bachelor's degree in Economics.

Mr. Pearson joined Wellspring in 2007 has been most actively involved in the firm's industrial products and healthcare investing efforts. He joined Wellspring from Wachovia Capital Markets, LLC where he participated in numerous financings of middle-market companies in support of sponsor and strategic acquisitions, executing transactions across several industries. Mr. Pearson graduated cum laude from Harvard University with a bachelor's degree in Social Studies, with a focus on economics and political science.

Wellspring Capital Management LLC is a New York-based private equity firm that manages more than $3.0 billion in equity capital. The firm is focused on acquiring companies where it can realize substantial value by contributing management expertise, innovative operating and financing strategies and capital. For additional information, please visit www.wellspringcapital.com.