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February 2, 2007
CHS Completes Majority Equity Investment in Acton Mobile Industries

Chicago – Code Hennessy & Simmons LLC (“CHS”), in partnership with management, announced today that it has made a majority equity investment in Acton Mobile Industries (“Acton”), a leading provider of modular space rental services.

Headquartered in Baltimore, Maryland, Acton maintains a fleet of over 10,000 modular units through 17 branches in 11 states. Acton provides leasing and related ancillary services such as site preparation, delivery, installation and maintenance. Acton’s lease fleet provides temporary space solutions to the construction, commercial, education, healthcare and government markets. The company also sells new and used modular units.

Barry Gossett, CEO of Acton, said, “CHS’ substantial experience will undoubtedly provide Acton with valuable resources for continued growth. We look forward to working together to explore new locations, product lines and acquisitions.”

Rich Lobo, Partner at CHS, said, “We look forward to supporting Barry Gossett and the management team in accelerating the company’s growth strategy. Barry and his team bring a wealth of knowledge and experience in the modular space industry and we are excited to work with them in continuing to build Acton into a leader in the industry.”

The investment in Acton complements CHS’ portfolio of investments in business and consumer services, which currently includes AMF Bowling Worldwide, Inc., the largest operator of bowling centers worldwide; American Reprographics Company, the largest provider of outsourced reprographics and related business services in the United States; and Suture Express, Inc., a distributor of sutures and other wound closure products. Prior CHS portfolio investments in business and consumer services include Baker Tanks, Inc., the leading supplier of containment rental equipment in the United States; and Corporate Benefit Services of America, Inc., a healthcare services company that provides benefit administration.

CHS is a Chicago-based private equity firm specializing in private equity investments and recapitalizations of middle market companies in partnership with management. CHS has formed five private equity funds and currently manages over $2.5 billion of capital. Funds for CHS’ investment in Acton come from CHS Private Equity V LP, a $1.3 billion investment fund formed in 2005. For additional information about CHS, please refer to the firm’s website at

For additional information about Acton, please refer to the company’s website at