ElectroService Laboratories, Inc.
a high-tech repair, logistics and support company

has been acquired by

Teleplan International N.V.
a publicly held Dutch company

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We assisted in the negotiations and acted as financial advisor to
ElectroService Laboratories, Inc.

Hanson Lab Furniture, Inc.
a manufacturer and distributor of laboratory furniture

has been acquired in a

Management Buy-Out
by existing members of its management team

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We initiated this transaction, assisted in the negotiations, and acted as financial advisor to
Hanson Lab Furniture, Inc.

U.S.
Powdermet, Inc.
a specialty metals manufacturer

has entered into a strategic partnership with and has obtained an investment from

Kennametal, Inc.
a publicly held
U.S. company

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We assisted in the
negotiations and acted as financial advisor to
Powdermet, Inc.

Merchants Home Delivery Service, Inc.
a major national logistics services company

has acquired

Bry and Co., Inc.
a private, Rocky Mountain specialty shipping company

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We assisted in the negotiations and acted as financial advisor to
Merchants Home Delivery Service, Inc.