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Chicago Growth Partners Backs Benetech’s Expansion in Coal-Fired, Power Generation Market

January, 2008 — Montgomery, IL — Benetech, Inc. is pleased to announce that it has selected Chicago Growth Partners (CGP) as an equity partner in its quest to expand its complete range of technologies and services to the coal-fired power generation industry. CGP replaces Parallel Partners’ equity position within Benetech Investments Inc.

CGP is a Chicago-based private equity investment firm that currently manages a $1.2 billion portfolio. CGP is leading the recapitalization of Benetech, partnering with the Private Equity Group of Goldman Sachs Asset Management.

Rob Healy, General Partner of CGP, commented, “Benetech’s outstanding management team, turnkey solution offering and reputation for superior customer service combined with increased focus on safety and environmental consciousness in the energy sector make this an attractive opportunity for CGP.”

“We’re excited that Chicago Growth Partners and Goldman Sachs want to help drive Benetech’s growth strategy,” said Ron Pircon, President & CEO of Benetech, Inc. “The strength and financial horsepower of this partnership will enhance our unique value proposition and allow Benetech to expand our leading role in safety and dust management solutions.”

Benetech, Inc., established in 1983, is a full-service coal yard solutions provider to the coal-fired power generation industry. Benetech works closely with utility plants to balance safe operation with profitable performance. The company recommends and develops ways to reduce Operations and Maintenance costs, while providing a full-range of products and services relating to the safe storage, transfer and processing of coal, allowing its clients to achieve and maintain OSHA compliance standards recently set forth.


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