Clearview Capital, LLC

Clearview Capital Completes First Add-on for EN Engineering

May 20, 2010- Old Greenwich, CT, May 20, 2010 - Clearview Capital, LLC of Old Greenwich, CT has completed the acquisition of Wheatland Systems, Inc. of Lawrence, Kansas as an add-on transaction to its portfolio company, EN Engineering, LLC. The transaction closed on May 14, 2010.

EN Engineering, LLC is a leading provider of professional engineering and consulting services headquartered in Woodridge (Chicago), Illinois. ENE is presently comprised of four business units: (1) Transmission, which offers a full breadth of engineering services to the natural gas and petroleum pipeline industries; (2) Distribution, which provides similar services to the natural gas utility market; (3) Automation & Electrical Design, which designs and commissions automation and electrical systems for natural gas infrastructure; and, (4) Technology, which provides pipeline integrity, corrosion control, metallurgy and related consulting services to the energy and water industries.

Wheatland specializes in automation systems development and integration for the oil and gas, power generation, water and food processing industries. Wheatland will operate as another ENE business unit and work closely with the Automation & Electrical Design group. David Miles, Wheatland's founder, will continue to oversee Wheatland's operations and has re-invested a portion of his proceeds into the equity of the combined companies, obtaining an equity stake similar to that of other key ENE management.
"We are very excited to bring David and his team on board," said Joe Posewick, CEO of ENE. "Wheatland's capabilities and end markets are highly complementary with those of ENE's. This acquisition allows us to offer a comprehensive range of automation services with deeper and broader resources, and provides very attractive cross-selling opportunities for us to pursue together."

"This is ENE's first add-on acquisition since we partnered with its management team to acquire the company from its prior owners last year," said James Andersen, co-founder and co-Managing Partner of Clearview Capital. "We intend to pursue add-on acquisition opportunities aggressively for all of ENE's business units, and believe there are many complementary businesses out there that could further enhance the company's service offering."

Clearview's other holdings include All Tech Inspection/IESCO, a provider of mechanical integrity inspection and non-destructive testing services for the refinery and petrochemical industries; Rowmark, a manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets; Air Cooled Exchangers, a manufacturer of air cooled exchangers used in natural gas compression applications; Senior Care Centers of America, an operator of adult day care centers; Hettinger, a leading provider of pipeline and facilities construction and maintenance services for customers building energy infrastructure; 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.