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December 2010

Pipeline Industries, Inc.

The Investment

CIVC Partners has teamed with management and a local private equity firm to acquire Pipeline Industries, Inc., a provider of lateral sewer line repair and replacement services. As part of the transaction, five members of the Pipeline management team made investments in the Company alongside CIVC, demonstrating their long-term commitment to Pipeline’s unique business model. CIVC provided the majority of the equity capital required.

The Company

Pipeline Industries, Inc. is an outsourced service provider to plumbing companies. Pipeline performs lateral sewer line repairs and replacement on behalf of these plumbing companies, who receive drain cleaning calls from their residential and commercial customers and discover a more serious structural problem in the sewer line that they are unable to address. Based in Denver, Colorado, Pipeline currently serves over 200 plumbing company customers in Denver, Colorado Springs, Seattle, and Minneapolis/St. Paul with plans to expand into additional markets. Because of Pipeline’s superior quality and commitment to fast, reliable service, they are a valuable partner for their plumbing company customers.

Value-Add Approach

The investment in Pipeline Industries represents another example of CIVC’s investment strategy of partnering with experienced, visionary management teams at market-leading companies in high growth, niche business services industries. Pipeline is led by Lincoln Peacemaker, an industry veteran who pioneered the company’s unique service model. CIVC has extensive experience with business services companies. This expertise enabled CIVC to close the transaction on an expedited schedule to meet the sellers’ expectations, despite difficult financing markets. As management’s partner, CIVC will provide strategic guidance and has committed growth capital to Pipeline to support management’s plans for organic growth and external expansion in the coming years.

If you have an opportunity that might be an add-on acquisition candidate for Pipeline Industries or might fit with our business services focus, please contact Chris Perry or John Compall.

About CIVC Partners

CIVC Partners, a leading Chicago-based private equity firm with over 40 years of private equity experience, currently manages over $1.3 billion of capital. Pipeline was the first investment in CIVC Partners Fund IV, which closed in 2010. CIVC provides growth and buyout capital to middle-market companies and executives with a focus on business services, financial services, and marketing and information services. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.

 
 
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