For Immediate Release

Affiliate of Peninsula Pacific Strategic Partners, LLC

Acquires Brundage-Bone Concrete Pumping, Inc.

DENVER, CO – August 19, 2014 – An affiliate of Peninsula Pacific Strategic Partners, LLC (“Peninsula

Pacific”), a Los Angeles-based investment firm focused on providing capital to middle-market businesses

in durable industries, today announced that it has acquired Brundage-Bone Concrete Pumping, Inc.

(“Brundage-Bone” or the “company”), the leading provider of concrete-pumping services in the United

States, in partnership with company management. Brundage-Bone currently operates 51 locations in 16

states in the western, mountain, south-central and mid-west regions of the country.

Founded in 1983 in Denver, Brundage-Bone has built its reputation on providing an unparalleled

fleet of specialized concrete pumping equipment that allows the company to deliver differentiated

concrete placement solutions. The company’s unique services facilitate substantial labor cost savings

to customers, shorten concrete placement times, enhance worksite safety, and improve construction

quality. None of the company’s management or employees will be affected by this transaction.

Bruce Young, President and CEO of Brundage-Bone, reinforced that “We believe Peninsula Pacific is the

perfect partner for the company at this stage in its development. The Peninsula Pacific team recognizes

the value of Brundage-Bone, our employees, and the many loyal customers and vendors who rely on

our services. We look forward to working together with our new partners as we continue to grow the

company. We would also like to thank our outgoing shareholders for their strong support and guidance

in recent years.”

Brent Stevens, Chairman of Peninsula Pacific, added: “We are excited to partner with Bruce and the

team at Brundage-Bone. In addition to its differentiated equipment fleet and highly skilled employees,

the company has outstanding relationships with a deep network of national and local contractors across

numerous markets. We look forward to supporting management’s growth strategy in the years to

come.”

“We believe this is an opportune time to invest in Brundage-Bone, the unquestioned industry leader

in concrete pumping,” stated Joshua Phillips, Managing Partner of Peninsula Pacific. “With the

construction industry in the early stages of a rebound, Brundage-Bone is well positioned to grow in this

increasingly attractive market niche. By providing the right financial resources to support the company’s

operating needs, we intend to work with Brundage-Bone’s management team to pursue its strategic

initiatives in existing and adjacent geographies.”

About Peninsula Pacific Strategic Partners, LLC

Peninsula Pacific is a Los Angeles based investment fund that provides capital to solve the commercial

and liquidity needs of durable middle-market businesses. The firm works flexibly in both control and

non-control investments, whether in equity, debt or structured securities. For further information about

Peninsula Pacific, please visit www.peninsulapacific.com.

About Brundage-Bone Concrete Pumping, Inc.

Brundage-Bone is the leading provider of concrete pumping services, providing its services to an

extensive network of customers serving commercial, residential and infrastructure construction end-
markets. The company employs approximately 550 people across the western, mountain, south-central

and mid-west regions of the United States. For further information on Brundage-Bone, please visit

www.brundagebone.com.

Head: Brundage-Bone Finds New Partner in Peninsula Pacific Strategic Partners

Subhead: Ownership Change Occurs as Seamless Transition

Copy:

Brundage-Bone Concrete Pumping, Inc., the construction industry’s leading

provider of concrete pumping services in the United States, announced today that it

has joined forces with Peninsula Pacific Strategic Partners, LLC, a Los Angeles-based

investment firm that specializes in middle-market businesses in durable industries.

Peninsula Pacific acquired the company as a whole and plans no changes to

operations or staffing. Brundage-Bone management is part of the new ownership group.

Founded in Denver, Brundage-Bone has operated continuously for 31 years

and currently provides services in 51 locations in 16 western, mountain, south-central

and midwestern states. The company has built its reputation with a specialized fleet of

concrete pumping equipment that supports delivery of differentiated concrete placement

solutions. Brundage-Bone’s unique services facilitate substantial labor cost savings to

customers, shorten concrete placement times, enhance worksite safety, and improve

construction quality.

Bruce Young, President and CEO of Brundage-Bone, stated that “we believe that

Peninsula Pacific is the perfect partner for the company at this stage in its development.

The Peninsula Pacific team recognizes the value of Brundage-Bone, our employees, and

the many loyal customers and vendors who rely on our services. We look forward to

working together with our new partners as we continue to grow the company. We would

also like to thank our outgoing shareholders for their strong support and guidance in

recent years.”

Brent Stevens, Chairman of Peninsula Pacific, further noted that the firm

is “excited to partner with Bruce and the team at Brundage-Bone. In addition to its

differentiated equipment fleet and highly skilled employees, the company has outstanding

relationships with a deep network of national and local contractors across numerous

markets. We look forward to supporting management’s growth strategy in the years to

come.”

According to Joshua Phillips, Managing Partner of Peninsula Pacific, “we

believe this is an opportune time to invest in Brundage-Bone, the unquestioned industry

leader in concrete pumping With the construction industry in the early stages of a

rebound, Brundage-Bone’s services share in this increasingly attractive market niche.

By providing the right financial stability to support the company’s operating needs, we

intend to work with Brundage-Bone’s management team to pursue its strategic growth

initiatives in existing and adjacent geographies.”

Brundage-Bone is the leading provider of concrete pumping services, providing

its services to an extensive network of customers serving commercial, residential and

infrastructure construction end-markets. The company employs approximately 550

people across 16 western, mountain, south-central and midwestern states. Further

information is available on the company’s website, www.brundagebone.com.

Peninsula Pacific Strategic Partners provides capital to solve the commercial and

liquidity needs of durable middle-market businesses. The firm works flexibly in both

control and non-control investments, whether in equity, debt or structured securities.

Additional information is available at www.peninsulapacific.com.

Glad for the employees but jesus how many lives does one have? There usually aren't changes right away but rest assured some will be coming

Change is good sometimes.