Eagle Excavation, Inc.
Moorcroft, Wyoming

Eagle Excavation, Inc. provides commercial excavation services to exploration and production, and midstream oil and gas companies in the Powder River Basin of Wyoming.

The transaction was structured as an add-on acquisition for Clearview’s portfolio company Hettinger Welding, LLC, a leading provider of facilities construction, pipelining and welding services for customers building natural gas infrastructure in the Rocky Mountain region.

Eagle’s services include site preparation for oil and gas facilities, road construction, and the excavation of containment ponds designed to retain run-off from the de-watering of natural gas wells. These services are all commonly referred to as dirt work. The Company is based in Moorcroft, WY, which lies approximately 30 miles east of Hettinger’s Gillette, WY location. Operations will be relocated to Gillette.

Brad Holyoak, the founder of Eagle, re-invested a portion of his proceeds into Hettinger Welding, LLC, obtaining an equity stake similar to other key management. Holyoak will assume management of Eagle’s and Hettinger’s dirt work operations.

The transaction closed on March 29, 2007. Clearview invested equity from Clearview Capital Fund II, L.P. Senior debt was provided by LaSalle Business Credit and mezzanine financing by Hartford Investment Management.