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Schoor Depalma, Building a Bright Future

FOR IMMEDIATE RELEASE:

Contact:
Brian Graff, Managing Director (212) 213-2009
Brian Maney, Director, Corporate Communications (301) 951-6122

By Maureen Flanagan

Schoor DePalma, Inc., based in Manalapan, NJ, provides engineering and consulting services to more than 500 commercial and government clients in New Jersey, New York, and Pennsylvania. This leading design and engineering firm, founded in 1968 by civil engineer Howard Schoor, handles over 5,500 projects a year in areas that include transportation services, land development planning, public works services, environmental services and building services. The company’s wide expertise, contributions to regional development programs and reputation for on-time, on-budget delivery have earned Schoor DePalma a long-standing loyal customer base in addition to top industry rankings and national recognition for superior capabilities and performance.

In an August 9, 2004 transaction, Schoor DePalma was recapitalized by Trivest Partners, LP, a Miami-based private equity firm. Trivest acquired the stock of Schoor DePalma from the company’s management shareholders and its employee stock ownership plan (ESOP). In support of the recapitalization, American Capital Strategies, Ltd. (Nasdaq: ACAS) provided a financing package of $32.5 million.

“Growing and highly profitable, Schoor DePalma has been generating financial and operating results that consistently meet or exceed top quartile results among engineering firms in its markets,” said Brian Graff, American Capital Principal. “Under the leadership of CEO Stephen DePalma, Schoor DePalma is implementing an aggressive growth plan that will continue to spur sales and profits as the economic climate improves.”

Since 1997, American Capital has invested more than $3.3 billion in the middle market. Its current portfolio includes 100 companies in a wide range of service and manufacturing industries. For more information about American Capital’s portfolio click here.

Schoor DePalma’s range of services enables clients to consolidate with a single provider for an entire engineering project. By consolidating, the client obtains a highly coordinated professional team with a consistent record of completing jobs on time and on budget – the most critical factors cited for selecting an engineering firm. The result for Schoor DePalma is high customer satisfaction and longstanding relationships.

In the private sector, Schoor DePalma provides engineering for all phases of commercial, corporate, and residential development. This includes conceptual layouts and land surveys, site selection and design, redevelopment and reuse, and construction administration. Schoor DePalma also specializes in mechanical, electrical and plumbing services, geotechnical and structural engineering, traffic studies, utility designs, landscape design, environmental impact statements, feasibility studies, and regulatory agency interaction.

In the public sector, the company serves local counties and communities as a designated Engineer Of Record (EOR) and Planner Of Record (POR), effectively giving Schoor DePalma the status of the premier outsourced engineering contractor in that region. The company’s public sector infrastructure engineering services include utility and rate studies, parks and recreational analysis, environmental studies, roadway, drainage, and potable and wastewater services. Schoor DePalma recently started work on its largest contract to date, the North Avenue Corridor Improvement project sponsored by the Port Authority of New York and New Jersey for Union County. Schoor DePalma has been recognized through a host of industry awards for its client services and is viewed as an outstanding developer of young, talented engineers. It has been ranked in the top 20% of the 500 outstanding design firms in the nation (Engineering News-Record) and consistently appears among the top firms listed in “New Jersey’s Finest” (NJBiz Magazine) and “Best Civil Engineering Firms to Work For” (Construction Engineering News).

Schoor DePalma’s regional markets have been estimated to account for some $15 billion in annual sales. This is expected to increase as demographic trends, recovery in the overall economy, and the improving health of municipalities spur continued real estate and other development activity. The company’s core New Jersey market is benefiting from a major school construction program and increased infrastructure spending in response to real estate development. As state municipalities recoup financial strength, Schoor DePalma will benefit from increased municipal spending, while its designation as EOR and POR in municipalities across the state provides enhanced opportunities.

The company is working to expand its footprint with recently acquired Pennsylvania and New York offices. It continues to develop business from Boston to Washington, DC.

Positioned for capitalizing on the design and engineering needs for a growing regional infrastructure – and equipped with the resources to provide them – Schoor DePalma is building for a bright future.

http://www.americancapital.com

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