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.

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

A little update for you guys from BrightSource Energy/Bechtel’s 400 megawatt concentrated solar project out in Ivanpah, California. Last week we were back out to the Mojave Desert with the company of Pengo Engineering Manager, Eric Matthias, to show off the new engineering designs for the “second generation” equipment for their 3 upcoming projects.  Eric got to get a quick tour of the whole project, including a site visit of working equipment, and the ultra cool 450,000 square foot fully automated heliostat factory given by the Bechtel Lead Area Heliostats and Solar Field Superintendent, Mark Wagner.  I could tell Eric was truly impressed!  The picture includes two of the 14 rigs out there drilling holes and inserting the pylons.  They have over 80,000 pylons inserted now, and they average 650 holes drilled everyday with your DV Drives, and 500 pylons inserted with the vibro attachment!  Pretty amazing for sure!

The above photo is of  the  HMC’s PGS10 Excavator Mounted Mast Attachment with the HMC DV Drive.  For more information please visit their website at www.hmc-us.com.

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.

All New From PENGO

Take Your Drilling to New Depths with The NEW Strata Drilling Carbide Grade Conical Teeth!

STRATA series tools are designed to withstand the toughest drilling conditions and provide the highest
return on investment.  All STRATA series tools use a proprietary grade carbide developed
specifically for vertical drilling applications.  This specific grade of tungsten carbide utilizes a same size same shape grain structure allowing for a very uniform pattern free of impurities.
This attention to high quality uniformity ensures each STRATA series tool has:

• - Better high temperature wear resistance.
• - Increased fracture toughness.
• - Consistent wear characteristics in vertical drilling applications.
• - Longer service life.  Which means more up time and fewer tool changes.

All STRATA conical tools are manufactured in the USA!

World of Asphalt 2012 is tracking to be the largest in its history with a record number of exhibitors and attendee registrations trending ahead of all past shows!  Come visit Paladin Construction Group in Booth #730.

Why World of Asphalt?  World of Asphalt Show & Conference is the leading exposition and education resource for the asphalt industry.  The event features in-depth industry-focused educational programming and comprehensive exhibits that showcase the latest technologies and innovations in asphalt-related equipment, products and services.  Visit www.worldofasphalt.com for more information.