Hettinger Welding, LLC
Gillette, Wyoming
http://www.hettingerwelding.com

Hettinger Welding, LLC is a leading provider of pipeline and facilities construction and maintenance services for customers building natural gas infrastructure. Based in Gillette, Wyoming, the Company is well-positioned to benefit from the rapid expansion of gas exploration and production throughout the Rocky Mountain region.

Structured as an asset purchase, Clearview’s investment allowed the company founder to diversify his net worth while reinvesting a significant equity stake in the newly formed entity. Hettinger’s core management team also contributed a substantial portion of their sale proceeds into the new entity because of their strong belief in the continued growth of the company and the industry.

Clearview was chosen as the right investment partner because of our ability to provide financial guidance and strategic support to this operationally talented team. Management felt Clearview was the right choice to take the Company to the next level.

The transaction closed on October 16, 2006. 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.