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June 20, 2005

DLJ Merchant Banking Partners to acquire Wastequip, Inc. from CIVC Partners

DLJ Merchant Banking Partners, a private equity investment affiliate of Credit Suisse First Boston, announced today that it has executed a definitive agreement to acquire Wastequip, Inc. from CIVC Partners. Wastequip is a leading designer, manufacturer, and marketer of equipment used to collect, process, and transport solid and liquid waste materials. Wastequip, headquartered in Beachwood, Ohio, has 26 manufacturing facilities, two container repair facilities and service centers and one aftermarket parts operation throughout North America. The Company, with over $300 million in annual sales, is a leading consolidator among waste handling equipment manufacturers, with a strong record of both internal growth and successful acquisitions. Terms of the transaction were not disclosed.

“We are excited to be partnering with DLJ Merchant Banking Partners in this transaction. DLJ Merchant Banking is committed to significantly expanding Wastequip’s business, providing the company with strategic advice, equity capital and access to a world-renowned investment bank,” said Robert Rasmussen, President and CEO of Wastequip. “We have enjoyed an outstanding relationship with CIVC Partners over the last five years as the Company has more than doubled in revenue and earnings and completed several strategic acquisitions. Wastequip is well positioned to build on its momentum in the marketplace and continues to focus on providing its customers with the highest quality and service. We are also pleased to announce that our entire management team will stay in place under the new ownership.”

Ed Johnson, a partner at DLJ Merchant Banking said: “We look forward to working with management to continue Wastequip’s track record of strong growth. Under the leadership of Bob Rasmussen and his management team, Wastequip has built an impressive reputation in the industry. We believe the next several years are exciting times for Wastequip, its employees and its customers.”

About Wastequip

Since its founding in 1986, Wastequip has become a leading manufacturer, designer, and marketer of equipment used to collect, process, and transport solid and liquid waste. In addition to a large variety of containers, the company also produces roll-off hoists, hook hoists, compactors, balers, trailers, and mobile vacuum units. Wastequip operates 26 manufacturing locations, two container repair facilities and service centers and one aftermarket parts operation throughout North America. More information on Wastequip products and its locations can be obtained online at or by calling 877-GOT-WASTE.

About DLJ Merchant Banking Partners

DLJ Merchant Banking Partners (DLJMB) is a leading private equity investor that has a 20-year record of investing in leveraged buyouts and related transactions across a broad range of industries. DLJMB, with offices in New York, London, Houston and Buenos Aires, is part of Credit Suisse First Boston's Alternative Capital Division (ACD), which is one of the largest alternative asset managers in the world with more than $37 billion of assets under management. ACD is comprised of $22 billion of private equity assets under management across a diverse family of funds, including leveraged buyout funds, mezzanine funds, real estate funds, venture capital funds, fund of funds and secondary funds, as well as more than $15 billion of assets under management through its hedge fund (both direct and fund of funds), leveraged loan and CDO businesses.

About CIVC Partners

CIVC Partners, a leader in private equity investing for over 35 years, manages $1.3 billion in private equity capital and currently invests from a $650 million fund closed in 2003. Based in Chicago, CIVC Partners provides growth and buyout capital to middle-market companies and executives with a focus on business services, financial services, media and communications, and industrial growth.

For more information, please contact:

CIVC Partners, L.P.
Chris Perry
312 873 7330

CIVC Partners, L.P.
Mike Miller
312 873 7335

Press Contact

Patty Walker
CIVC Partners, LP
191 North Wacker Drive
Suite 1100
Chicago, Illinois 60606
Telephone: 312 873 7300

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