TYPICAL TRANSACTIONS

ROLL-UP ACQUISITION TRANSACTION
Colmen Menard worked closely with an individual executive to create and execute a business plan to acquire multiple Durable Medical Equipment (DME) and respiratory services home healthcare businesses. Based on this business plan, approximately $115 million of capital was raised including $32 million of equity financing from Kohlberg & Co. LLC. The newly funded company, American Home Care Supply, LLC, Conshohocken, PA, acquired seven individual businesses located in the Mid-Atlantic and Northeastern areas of the United States and grew from a start-up to over $100 million in sales during a three-year period. In 2002, the company was sold to Air Products and Chemicals, a $5 billion NYSE company based in Allentown, PA, for over $165 million.

STRATEGIC ACQUISITION AND FINANCING TRANSACTION
Colmen Menard represented Enertec, Inc., Lansdale, PA, in its acquisition of KVB, a subsidiary of Aqua Alliance (NASDAQ), Wakefield, MA. Both Enertec and KVB were engaged in the manufacture and servicing of air emission monitoring systems, including hardware and software used by gas and electric utilities. Colmen Menard initiated and structured the transaction and arranged acquisition financing. Colmen Menard also represented the company (now KVB-Enertec) in two additional acquisition transactions. In 2002, Enertec was sold to the General Electric Company.

RECAPITALIZATION, MANAGEMENT BUYOUT AND CONCURRENT ADD-ON ACQUISITION TRANSACTION
Colmen Menard represented an individual executive in the recapitalization of Recon AT Parts, Pittsburgh, PA and the simultaneous acquisition of Aceomatic Transmission Parts, Simi Valley, CA. Both businesses, which subsequently operated under the name Aceomatic-Recon, LLC, are engaged in the remanufacture and distribution of automotive transmission parts. The majority investor in the transaction was Riverside Company, New York, NY.

SALE OF BANKRUPT COMPANY
Colmen Menard was originally retained by Aldan Industries, Inc., Philadelphia, PA; a manufacturer of coated industrial fabrics, based upon the recommendation of a well-known turnaround company. After the company filed for protection under Chapter 11 of the United States Bankruptcy Code, Colmen Menard's plan for finding a buyer was approved by the Bankruptcy Court and the Creditors' Committee. Colmen Menard contacted almost 2,000 potential buyers, conducted over twenty site visits and plant tours and received offers from four parties. An investor group, which presented the highest and best bid, purchased substantially all of the operating assets of Aldan in 2001 under Section 363 of the Bankruptcy Code. Colmen Menard's efforts were recognized in Court by the Presiding Judge as the key factor in avoiding dissolution of the company and obtaining an unexpectedly high valuation for its assets.

PURCHASE OF A BUSINESS BY AN INACTIVE PUBLIC SHELL
Colmen Menard was engaged by Moro Corporation, Wayne, PA, an inactive but trading public shell, to locate, negotiate and finance acquisitions of profitable operating businesses. In 2000, the company acquired J. M. Ahle Co., Inc., a South River, NJ fabricator of reinforcing steel. In 2002, the company acquired Rado Enterprises, Inc., a Bloomsburg, PA mechanical contractor focusing on HVAC, plumbing, process piping and sheet metal. These transactions resulted in the creation of a profitable and successful operating public company now approaching $40 million in annual revenues.