Atlanta, GA (March 3, 2009) - MSouth Equity Partners, an Atlanta-based private equity firm, announced the closing of its newest investment. In partnership with company management, MSouth completed a recapitalization transaction with LMS Intellibound, Inc.

LMS Intellibound, Inc. (www.lmsintellibound.com), headquartered in Norcross, GA, is a nationwide provider of outsourced warehouse services, with a particular focus on providing unloading services for leading grocery, food service and retail customers. Since 1998, LMS has grown from three locations in one state to 71 locations in 29 states. LMS assists their partners in achieving supply chain improvement goals by reducing costs, improving warehouse productivity and eliminating risks.

"We are very excited to be partnering with Steve Taylor and Bill Harper – they have done a terrific job growing LMS over the years, and we believe that the future growth opportunity is substantial" said Mike Long, an MSouth Partner. "LMS has some similar attributes to previous outsourcing investments we have made, which enabled us to quickly embrace this business model and opportunity."

MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued $25 - $125 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, distribution and specialty manufacturing companies. MSouth is a successor to Cravey, Green & Wahlen, Inc. which was founded in 1984. Total capital under management exceeds $1.0 billion.