Clearview Capital, LLC

Clearview Capital Completes Add-on Acquisition
for Hettinger Welding, LLC
March 29, 2007

OLD GREENWICH, CT—Clearview Capital, LLC of Old Greenwich, CT has completed the acquisition of Eagle Excavation, Inc., which provides commercial excavation services to exploration and production, and midstream oil and gas companies in the Powder River Basin of Wyoming. The transaction closed on March 29, 2007.

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.

“By bringing Eagle under the Hettinger umbrella and integrating the two companies’ product offerings, Hettinger improves considerably its ability to service its customers throughout the Rocky Mountain region,” said Paul M. Caliento, partner at Clearview Capital. “We expect Hettinger to continue its rapid organic growth and to pursue additional, complementary acquisitions.”

Clearview's other holdings include Rowmark, Inc., a leading manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets; Twinco Romax, a vertically integrated manufacturer and distributor of automotive fluids sold through retail channels; Senior Care Centers of America, an operator of adult day care centers; M.H. Zeigler & Sons, the country's leading manufacturer of refrigerated apple cider; Hillsdale Furniture, a designer and importer of wood and metal furniture; and a minority interest in Compression Polymers Group, the leading extruder of thick gauge polyolefin and PVC sheet, including AZEK ® brand trim boards.