Goldsmith Agio Helms and Angus Industries Announce Management/Employee Purchase of Angus Industries, Inc.

MINNEAPOLIS -- Goldsmith Agio Helms and its client Angus Industries, Inc. ("Angus" or the "Company"), announced today the purchase of the Company by the Angus management team and the Company's Employee Stock Ownership Plan and Trust. Angus formerly was controlled by Minneapolis-based Churchill Equity Partners, the private equity arm of Churchill Capital, Inc. ("Churchill").

Dave Hallett, managing director and partner of Goldsmith Agio Helms, commented, "Early in the process, the Angus management team, recognizing the quality of the Company's growth prospects, expressed interest in acquiring Angus."

James Frommelt, director of Goldsmith Agio Helms, added, "Despite strong interest from potential strategic and financial buyers, a purchase by Angus management and employees was determined to be in the best interests of the Angus employees and Churchill."

Clay Miller, Managing Partner of Churchill Equity Partners, commented, "We truly enjoyed working with the Angus management team throughout our involvement with the Company. We are very happy that the Angus management team and employees were able to put together a competitive offer to buy the Company."

"We are excited to have the opportunity to pursue the Company's growth prospects through the application of our operational, engineering, and financial expertise," said Robert Kluver, CEO of Angus. He added, "The Company remains committed to exceeding our customers' expectations."

Angus Industries, Inc., (www.angusindustries.com), headquartered in Watertown, SD, is a leading designer, manufacturer, and distributor of highly engineered, value added components for mobile equipment. The Company's products include cabs, cab structures, rollover protective structures, falling object protective structures, cab components, and custom metal fabrications. Angus has compiled an impressive 50-year history of providing component products for OEMs and aftermarket dealers in the construction, agriculture, mining, forestry, and material-handling industries, among others. The Company has developed a solid reputation for outstanding engineering and design capabilities, quality products, and cost-efficient manufacturing processes that have resulted in a strong and growing market-share position.

Churchill Equity Partners is the private equity arm of Churchill Capital, Inc. Headquartered in Minneapolis, MN, Churchill Capital manages a family of private equity and subordinated debt investment funds providing capital to middle market companies throughout North America. The firm offers a variety of innovative and solution-oriented products to private businesses in need of capital and to private equity investors seeking excellent risk-adjusted returns.

Goldsmith Agio Helms (www.agio.com) is one of the nation's leading private investment banking firms providing financial advisory services to middle market businesses. The firm's services include mergers and acquisitions, distressed advisory and restructuring, valuations and fairness opinions, and private placements of debt and equity. The firm has offices in Chicago, Minneapolis, New York, Los Angeles, and London.