H-E Parts International Acquires Dyno Power Pty. Ltd. – a Leader in Heavy Diesel Engine Remanufacturing.

Atlanta, GA – May 31, 2016

H-E Parts International, a global leader in the manufacturing, servicing and marketing of aftermarket parts and components for mining, crushing and heavy construction equipment, announces the acquisition of Mackay, Australia - based Dyno Power Pty. Ltd., one of Australia’s leading independent high-horsepower diesel engine and transmission remanufacturers. From its state-of-the-art facility, Dyno Power adds critical expertise, technologies and services to H-E Parts global aftermarket parts and support offering.

“Dyno Power adds a critical product line to our Australian operations,” says Steve McBrayer, CEO of H-E Parts. “Dyno is recognized for its commitment to quality and is a natural fit within H-E Parts. We are very proud to see them joining our ranks. The addition of Dyno Power coupled with our recent acquisition of COR Cooling allows H-E Parts to offer our Australian customers unrivaled rebuild and repair capabilities.”

H-E Parts will greatly benefit from Dyno Power’s Mackay facilities as well as their team of technicians and diesel engine mechanics. “Joining H-E Parts will enable Dyno Power to deliver a broader product offering to our expanding customer base in addition to bringing engine and transmission rebuilding capabilities to the H-E Parts customers” says Paul Shackleton, former owner of Dyno Power.

Ian Olivieri, COO Australia for H-E Parts, says, “Our customers have been constantly asking H-E Parts for diesel engine and transmission remanufacturing services”. The acquisition of Dyno Power will result in a significant upgrade in the value we bring to our customers here in Australia and fits well with our Seattle based B&G Machine Inc. engine rebuilding technology that the group acquired in 2013. The combination of our expanded diesel technology, the recent acquisition of COR Cooling and our existing wheel end and suspension component businesses, H-E Parts will now be able to offer a full dive line repair concept to our haul truck customers. H-E Parts has become the only independent company offering such a comprehensive set of remanufactured solutions to help miners lower operating costs and improve the performance of their fleet.”

Media and industry inquiries regarding the acquisition of Dyno Power Pty. Ltd. should be directed to James Burris at james.burris@lichthaus.media.

About H-E Parts International

H-E Parts International has grown to become the largest independent global supplier of aftermarket parts, components and solutions for the mining, heavy construction and energy sectors. H-E Parts is the result of the combination of several highly successful and complementary aftermarket parts and service companies, able to leverage each other’s technologies and customers on a global basis.

About Dyno Power Pty. Ltd.

Founded in 2003, by Paul Shackleton, who will continue as technical consultant, Dyno Power remanufactures high-horsepower diesel engines in mobile and stationary applications as well as transmissions and other components from the mobile mining equipment sector. Dyno Power’s utilizes the latest technology, including a new 3600HP dynamometer and is staffed by a team of highly trained technicians. Through this combination of factors Dyno Power has earned a reputation for remanufacturing engines and components that exceed industry expectations for longevity.

About Frontenac

Frontenac is a leading private equity firm, based in Chicago. The firm focuses on investing in lower middle market buyout transactions in the food, industrial, and services industries. Frontenac works in partnership with proven operating leaders, through our executive-centric approach called CEO1ST, to identify, acquire, and build market leading companies through transformational acquisitions and operational excellence. The firm has built a leading franchise working with over 225 owners of mid-sized businesses, almost always families or founders, as they address complex transition issues of liquidity, management enhancement, and growth planning. For more information, please visit www.frontenac.com.

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