Buyers

>>Babcock & Brown

In addition to the acquisition of Superior Renewable Energy, Babcock and Brown's recently announced another acquisition in the energy market by acquiring NRG Energy's South Australian power assets. These assets account of approximately 50% of energy produced in the state of South Australia (760 MW). Babcock and Brown's Real Estate Division recently announced the acquisition of a publically traded REIT, BNP (American Stock Exchange: BNP). Assets include apartment in the mid-Atlantic region. Babcock and Brown should continue to be an active acquirer.

>>CRH PLC

In addition to the acquisition of RSI Roofing, this international building materials group based in Ireland has also recently acquired the assets of APAC, an asphalt and construction company based in Atlanta with over 9,000 employees operating in over 14 states. Existing employees will join CRH's Americas Materials division. Look for other acquisitions from CRH PLC in the southern states.

>>Norwest Equity
The acquisition of Duni will serve as a core holding and technology base in a growth market. Norwest Equity will look at complementary companies to acquire that can be combined with Duni's core packaging capabilities to create a powerhouse in this market.

>>Texas Pacific Group / Hellman & Friedman LLC

The Texas Pacific Group partnered with Hellman and Friedman LLC to lead the acquisition of Intergraph Corporation (NASDAQ: INGR), a Huntsville, Alabama software developer. Hellman & Friedman and the Texas Pacific Group have previously partnered on several deal. Look for further announcements of an Intergraph push into more homeland security markets from it's current focus on the energy, chemical and shipbuilding design markets.

>>US Bancorp
US Bancorp has made a variety of acquisitions over the recent year. It acquired the Munical and Corporate Bond Trustee business from SunTrust and the Schneider Payment Service products from Schneider National Inc. It also acquired the Corporate Trust and Institutional Custody Businesses from Wachovia. While the Vail Bank fits nicely into the core US Bancorp business, the payment services technologies are applicable to many verticals and may represent a spin-off opportunity for the bank.

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