Private Equity Partnership To Purchase Sullair Corporation

MICHIGAN CITY, Ind. — August 1, 2012 — Sullair Corporation announced today that United Technologies
reached an agreement with the private equity firms of The Carlyle Group and BC Partners for the
purchase of Hamilton Sundstrand Corporation’s Industrial businesses, including Sullair Corporation.
BC Partners and Carlyle have formed a limited partnership and will jointly oversee management of
Sullair. This transaction is expected to close in the fourth quarter, upon completion of all
required approvals.

About the Private Equity Partnership

The Carlyle Group is a 25-year-old investment firm that boasts an array of sophisticated
investors, ranging from public and private pension funds to unions and corporations. BC Partners is
a 26-year-old worldwide private equity firm that specializes in buyouts and acquisition financing.

A Message from the President

According to Henry F. Brooks, President of Sullair Corporation, “The partnership between
Carlyle and BC Partners provides a unique growth opportunity for Sullair. They recognize that our
business is a performance leader in our markets with great employees, great products, and vested
channel partners. Additional investment in Sullair will enhance our capabilities to compete on a
global scale.”

Mr. Brooks concluded by saying, “As president of Sullair Corporation, I could not be more
pleased with this outcome. Sullair has a history of great performance, and I feel that with the
combined BC Partners/Carlyle Group ownership, the future for Sullair is indeed the brightest in my
memory.” (

Posted on August 7, 2012

Source: Sullair Corp.