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  Hamilton Robinson Capital Partners to Sell International
Industrial Products and Services Firm MEGTEC

May 14, 2014 - Stamford, CT

Hamilton Robinson Capital Partners (HRCP) announced today that it has signed a definitive agreement to sell industrial processes solutions provider MEGTEC based on an enterprise value of $155 million, subject to adjustment for MEGTEC's cash and indebtedness and certain other closing items to The Babcock & Wilcox Company subsidiary, Babcock & Wilcox Power Generation Group, Inc.

MEGTEC has operated as a stand-alone business since HRCP, along with management and Stephens Capital Partners, acquired the company in September 2008. As an independent company, MEGTEC leveraged a well-rounded management team to become a technological leader of air pollution control and advanced-process equipment for the industrial and energy storage markets.

HRCP Partner and MEGTEC Chairman, Phillip Cagnassola said, "We are extremely proud to have played a role in MEGTEC's transformation into a leading environmental solutions provider over the past six years and happy that the company will be supported by a strong, well-capitalized owner like BWC as it continues expanding into new technical and geographic markets. We also believe this transaction validates our longstanding belief that investing in American manufacturers of highly technical products and services continues to be extremely attractive."

William Blair & Company, LLC and Stephens, Inc. acted as exclusive financial advisors to MEGTEC Holdings, Inc. on the transaction. Baker & McKenzie LLP provided legal counsel.

ABOUT HAMILTON ROBINSON
Hamilton Robinson Capital Partners was founded in 1984 to invest directly in small, privately held manufacturing, distribution and service businesses. The firm has maintained its singular focus on this dynamic market to become a valued resource for equity capital and growth strategies for small businesses. Based in Stamford, CT, the firm has completed over $1.3 billion in transactions supporting 40 companies. Investors include leading financial institutions, funds, family offices, and individuals in the United States and Europe. For more information visit www.hrco.com.

ABOUT MEGTEC
MEGTEC, based in De Pere, Wis., designs, engineers, manufactures and services sophisticated air pollution control systems and coating/drying equipment. MEGTEC's technologies provide a range of sustainability-focused benefits, including pollution abatement, carbon management, energy storage and recovery, and environmental compliance. In addition to the United States, the company has operations in Canada, France, Italy, Sweden, Germany, the United Kingdom, China, India and Australia, and maintains a worldwide service and replacement parts support network. MEGTEC, which employs approximately 600 people in 10 countries, will operate as B&W MEGTEC, a wholly owned subsidiary of B&W PGG. The purchase is expected to be completed by June 30, 2014.


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