Enerquip, Inc. Sold to Private Wyoming Investor

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Enerquip, Inc., Medford, Wisconsin, announced that it was sold in August to Mr. Jim Nielson, an investor from Cody, Wyoming in a private sale. The new name will be Enerquip, LLC. The company provides Stainless Steel Heat Exchangers for the Food, Dairy, Beverage and Pharmaceutical industrie.

Capturing energy through specialized heat exchange technology is one of the future energy sources. Enerquip has the people and the manufacturing talent to meet this challenge.

Enerquip, Inc., Medford, Wisconsin, announced that it was sold in August to Mr. Jim Nielson, an investor from Cody, Wyoming in a private sale. Mr. Nielson, formerly the President of Husky Oil, has been a private Oil & Gas executive since the late-1970's. In his comments to the Enerquip team last week, Nielson said "Capturing energy through specialized heat exchange technology is one of the future energy sources. Enerquip has the people and the manufacturing talent to meet this challenge."

The new company has been called Enerquip, LLC and will remain in Medford, Wisconsin, an important factor to its former owners, Mr. Pep Simek and Mr. John Holroyd. As part of the sale, Mr. Kirk Novak joined the Enerquip team as President and CEO. Novak brings over 25 years of global business experience within the Oil & Gas, Chemical, Technology and Consulting Industries. "Our objective is simple - grow Enerquip's existing stainless steel heat exchanger business within the markets we currently serve and leverage this manufacturing expertise into other markets as appropriate" said Novak. Assisting with the transaction was Mid-Wisconsin Bank of Medford.

About Enerquip

Formed in 1985 following the asset purchase of Conseco, Enerquip produces sanitary and non-sanitary stainless steel heat exchangers for Food, Dairy, Beverage and Pharmaceutical applications through the United States, Canada, and 10 countries internationally. Enerquip is a leader in the food markets with a reputation for innovative designs, highly efficient manufacturing, excellent quality and outstanding customer service. Enerquip's corporate headquarters and plant are located in Medford, Wisconsin. It is represented by Oliver M. Dean in New England, ALB Associates in New Jersey and Southwest Thermal Technology, Inc. in California. For more information, visit http://www.enerquip.com (Enerquip).

For Further Information Contact:
Jeannie Deml
Enerquip, Inc.
715-748-5888 Telephone
715-748-6484 FAX
jeanniedemo(at)enerquip.com

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Kirk Novak

Jeannie Deml
Enerquip, LLC
715-748-5888 X26
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