Oak Brook, IL (July 25, 2012) – International Equipment Solutions, LLC (“IES”) has acquired, through an indirect, wholly owned subsidiary, CWS Industries (Mfg) Corp. (“CWS” or the “Company”).  This is the fourth acquisition by IES since its formation.  Financial terms of the transaction were not disclosed.

CWS is a leading manufacturer of highly-engineered attachment products, including the manipulators, cable reelers, grapples, buckets and various large excavator attachment products.  Its customers include a global network of dealers and end-users in the mining, oil & gas, forestry and construction markets.  CWS is focused on understanding each of its customers’ unique applications and geological conditions and as a result, its attachments and fully integrated equipment systems are tailored to the specific needs of its customers and we are able to withstand some of the world’s harshest environments.  The Company employs 140 people at two facilities, located in Surrey, British Columbia and Edmonton, Alberta, Canada. 

Stephen Andrews, Chief Executive Officer of IES, said, “The acquisition of CWS is another important step towards the globalization and diversification of IES.  We are very impressed with CWS’s rapid growth trajectory, customer base, engineering cabailities and broad portfolio of highly engineered attachment products.  This acquisition not only strategically enhances our footprint with dealers in Canada and the U.S. Pacific Northwest, but also opens up IES to a growing base of sales relationships located internationally in South America, Russia and Asia.  Additionally, the acquisition enhances IES’ product portfolio to include a suite of attachments with applications in the high-growth mining, oil & gas and forestry end-markets, which are currently underserved by IES.  As demonstrated with both this acquisition and the acquisition of Siac do Brasil, IES remains committed to supporting our customer’s global expansion initiatives with localized supply, technical resources, and parts and service support.  IES intends to invest significant additional capital and resources into CWS to ensure the highest level of production quality and capacity for our customers.  IES has made tremendous progress in our first ten months and I am very confident our future is bright.”

Paul, Weiss, Rifkind, Wharton and Garrison LLP and Goodmans LLP served as legal counsel to IES and its affiliates.  Financing for the transaction was provided by a syndicate of institutional investors agented by Regiment Capital Advisors, LP and PNC Bank, National Association.

Oak Brook, IL (June 4, 2012) – International Equipment Solutions, LLC (“IES”) has acquired, through an indirect, wholly owned subsidiary, Siac do Brasil Ltda. (“Siac do Brasil” or the “Company”) from SIAC S.p.A. (“SIAC”) and its affiliates.  IES and SIAC also announced an alliance agreement whereby the parties would cooperate in the future.  This is the third acquisition by IES since its formation.  Financial terms of the transaction were not disclosed.

IES was formed in September 2011 as a platform for investments serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy industries.  IES’s first two acquisitions occurred in September, 2011, when the company acquired Paladin Brands Holding, Inc. and Crenlo LLC from Dover Corporation.  In November 2011, Mr. Stephen Andrews was retained as Chief Executive Officer of IES to lead the integration of IES’ first two acquisitions and to aggressively grow and globalize the company.

Siac do Brasil is the leading manufacturer of cab enclosures in Brazil.  The Company also manufactures locomotive cabs as well as complex fabrications for off-highway machinery, and its customers include the world’s leading original equipment manufacturers involved in the construction, infrastructure, mining, forestry and agriculture industries.  SIAC is one of the largest global manufacturers of cab enclosures, with operations in Italy, Slovenia, Bosnia, Brazil and India.

Steve Andrews, Chief Executive Officer of IES, said, “The acquisition of Siac do Brasil is a critical strategic step in the growth and globalization of IES.  We are very impressed with the Company’s rapid growth trajectory, customer base, quality and technical capabilities.  The acquisition not only expands many of our current North American OEM supply partnerships into the Brazilian market, but further broadens our customer base as well.  Additionally, the acquisition introduces IES as an important supplier in the rapidly growing Brazilian locomotive market.  As demonstrated with this acquisition, IES will continue our commitment toward supporting our customer’s global expansion initiatives with localized supply, technical resources and parts and service support.  IES intends to invest significant additional capital and resources into Siac do Brasil to ensure the highest level of production quality for our customers and to increase capacity not only for cabs, but to support the growth of IES’ attachment tools product lines in South America as well.  IES has made tremendous progress in our first nine months and I believe our future is very bright.”

Paul, Weiss, Rifkind, Wharton and Garrison LLP and Machado, Meyer, Sendacz e Opice Advogados served as legal counsel to KPS and IES and its affiliates.  Financing for the transaction was provided by a syndicate of institutional investors agented by Regiment Capital Advisors, LP and PNC Bank, National Association.

Emanuele Cortesi and Matteo Ghilatdi of Caffi-Maroncelli & Associati and De Luca Joao and Luis Rouz of DeLuca Derenusson, Schuttoff e Azevedo Advogados served as legal counsel to Sia S.p.A and Siac do Brasil.

Bradco is proud to announce the release of the new heavy-duty MH88 Mulcher.  These mulchers are designed for use with high flow 300 hp and 400 hp Forestry Tractors.  They incorporate a number of improvements including:

• The variable displacement motors, heavy-duty rotor, and cutting teeth have been designed to provide maximum performance, on demand, while mulching hardwood trees up to 20″ in diameter.
• The drive train incorporates a heavy duty synchronous belt drive and requires less maintenance than conventional designs.  Bearing life has also been extended.
• The cutting teeth are reversible, giving you an extra set that prolongs operational life.
• The rotor features a spiral cut pattern that runs the entire length of the rotor and reduces the amount of cut per tooth resulting in less drag, finer chip size and increased performance.
• Five heavy-duty grapple teeth have been mounted on the deflector door.  They drag smaller material back into the clearing zone and contain larger debris in the roto cavity.

For more information please contact your Territory Manager or Customer Service at 800.456.7100

Paladin’s Akron, Ohio location has been selected by Krispy Kreme doughnuts to be their stop for the “Glaze The Nation Tour” on Tuesday, June 12th from 9am-12pm.   They will be passing out FREE doughnuts in celebration of both Krispy Kreme’s 75th Birthday and our appreciation for all the hard working and dedicated employees throughout the Paladin Akron, Ohio location.  Our theme is “Thanks a Dozen” for both our employees and our customers who have supported us throughout the years.  We invite anyone that will be in the Akron area to come and join us for this special event!  For more information on the “Glaze The Nation Tour” please visit www.glazethenationtour.com.

 Since we joined YouTube in 2009, our videos have received over 100,000 views!  Our videos range from product application footage to safety information.  In addition, we have added videos that provide training, industry support (I Make America campaign) and Paladin company information.  We are striving to make our YouTube Channel a great resource for you and your customers.  Check us out:   www.youtube.com/paladinconstruction

The JRB PowerLatch was proudly displayed and demo’d during last weeks Komatsu Field Days.  Click here for more information:  JRB Miller PowerLatch Excavator Coupler

Congratulations to Juliao Santiago from the Dominican Republic!  Juliao had the most “likes” from our PowerLatch Facebook promotional campaign from World of Concrete 2012.  We would like to thank everyone for your participation.  Stay tuned for more great opportunities from Paladin Construction Group.

Thank you to those that visited the Paladin Construction Group booth in Charlotte, NC at the World of Asphalt show.

New York, NY – International Equipment Solutions, LLC (“IES”) announced today that it has named Stephen Andrews as its Chief Executive Officer. Mr. Andrews was previously President and Chief Executive Officer of Pettibone LLC, the parent company of fourteen diversified global industrial businesses.

IES, through its Paladin and Crenlo business units, is a global engineered equipment company serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining and energy markets. IES is owned by KPS Capital Partners, LP, a private equity firm with over $2.7 billion of assets under management, which formed the company in September 2011.

Mr. Andrews said, “I am thrilled to lead International Equipments Solutions. IES’s acquisitions of Paladin and Crenlo are just the first steps in the creation of an international engineered equipment manufacturer with leading brands and a strong reputation for quality, durability, delivery, support and continual product innovation. I look forward to working with the Paladin and Crenlo associates to provide our customer base with world-class service, and to grow IES worldwide both organically and through acquisitions.”

Prior to joining Pettibone in 2007, Mr. Andrews spent thirteen years in various domestic and international positions with Hendrickson International. He is a graduate of the University of Michigan.

About International Equipment Solutions, LLC

International Equipment Solutions, LLC is a global engineered equipment company serving the construction, agriculture, landscaping, infrastructure, recycling, demolition, mining, and energy markets. IES operates through two primary business units: Paladin, a leading manufacturer of engineered attachment tools for operator-driven equipment, and Crenlo, a leading manufacturer of cab enclosures for operator-driven equipment as well as specialty electronic enclosures. IES’ customers include major OEMs, national rental fleet companies and hundreds of independent and OEM-aligned dealers. IES employs over 1,500 people and operates 14 manufacturing facilities in Iowa, Michigan, Minnesota, North Carolina, Ohio, Oregon, Tennessee, Wisconsin and Memmingen, Germany. For more information, please visit www.paladinbrands.comand www.crenlo.com.