ACG Materials Announces Acquisition of Kitsap Reclamation and Materials

MIAMI–(BUSINESS WIRE)–#PrivateEquity–H.I.G. Capital, LLC (ÔÇ£H.I.G.ÔÇØ), a leading global private equity
investment firm with $25 billion of equity capital under management, is
pleased to announce that its portfolio company, ACG Materials (ÔÇ£ACGÔÇØ or
the ÔÇ£CompanyÔÇØ), a leading miner and processor of industrial minerals and
aggregates, has acquired Kitsap Reclamation and Materials, Inc.
(ÔÇ£KitsapÔÇØ).

Founded in 1993, Kitsap is a leading miner and processor of aggregate
products sold into various infrastructure, building products and
landscaping applications. Kitsap operates a basalt quarry in Bremerton,
Washington and ships its products throughout the fast-growing Seattle
metropolitan area.

ÔÇ£We are excited to further strengthen our position as a leading
industrial mineral and aggregate producer in the Pacific Northwest,ÔÇØ
commented Paul Harrington, Chief Executive Officer of ACG. ÔÇ£Kitsap will
expand our strategic footprint within the region and provide
complementary products to serve our growing customer base in that area.
We look forward to partnering with KitsapÔÇÖs strong employee base and
building upon their reputation for unmatched product quality and
customer service.ÔÇØ

"We are pleased to support ACG in its acquisition of Kitsap," commented
Keval Patel, a Managing Director of H.I.G. ÔÇ£The investment continues our
successful track record of acquiring leading mining and processing
operations in attractive, high growth markets.ÔÇØ

Kitsap is the ninth add-on acquisition that ACG has made since H.I.G.
acquired the Company at the end of 2012.

About Kitsap

Established in 1993, Kitsap is a leading miner and processor of
aggregate products sold into infrastructure, building products and
landscaping applications. The Company operates a basalt quarry in
Bremerton, Washington.

About ACG Materials

ACG Materials, based in Norman, Oklahoma, mines, mills, processes, and
distributes industrial minerals and aggregates including gypsum,
anhydrite, limestone, sand, gravel, basalt and downstream food,
pharmaceutical, prill and plaster products across a diverse set of end
markets including building products, energy, infrastructure,
agriculture, and others. The Company operates out of 23 locations
throughout Oklahoma, Texas, Florida, Kansas, Missouri, Nevada,
Washington, and British Columbia. ACG Materials was founded as Harrison
Gypsum, LLC in 1955. For more information, call 1-800-624-5963, or visit www.acgmaterials.com.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets
investment firm with $25 billion of equity capital under management.*
Based in Miami, and with offices in New York, Boston, Chicago, Dallas,
Los Angeles, San Francisco, and Atlanta in the U.S., as well as
international affiliate offices in London, Hamburg, Madrid, Milan,
Paris, Bogotá, Mexico City, Rio de Janeiro and São Paulo. H.I.G.
specializes in providing both debt and equity capital to small and
mid-sized companies, utilizing a flexible and operationally focused/
value-added approach. For more information, please refer to the H.I.G.
website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and
affiliates.

Contacts

H.I.G. Capital, LLC
Keval Patel
Managing Director
[email protected]
or
Ryan
Kaplan
Managing Director
[email protected]