Parkline Completes Acquisition of the Metal Building Business of Bebco Industries

July 5, 2016 • Charleston, West Virginia and Hitchcock, Texas

Parkline, a portfolio company of Charlotte-based private equity firm Summit Park, is pleased to announce that it has acquired certain assets comprising the metal building business of Bebco Industries, Inc. Headquartered in Hitchcock, TX, Bebco has over 45 years of experience manufacturing heavy-gauge metal buildings for applications across the industrial, chemical and energy end markets.

"This acquisition encompasses all of the Bebco Industrial Housing and Access Solutions product lines, which include buildings fabricated from 12-18 gauge galvanized steel, stainless steel, aluminum or fiberglass construction, as well as structural steel flooring systems and blast resistant building products," said Bill Estep, CEO of Parkline. Estep, continued, "The addition of the Bebco Industries product lines to Parkline's product offering of 18-24 gauge metal buildings, which may be site erected or modular constructed, arguably creates one of the industry's most diverse and flexible product portfolios. With two significant fabrication, assembly and systems integration facilities, one of which is strategically located with port access, this acquisition enhances our ability to provide exceptional value to more customer applications across a greatly expanded geography."

Parkline, based in Charleston, WV, is a leading specialist in industrial building applications. The company manufactures highly engineered, site-erected and modular metal buildings for utility, energy and general industrial applications and operates a significant fabrication, assembly and systems integration facility located just outside of Charleston, WV.

"We are very pleased to acquire the metal building assets from Bebco. Our investment thesis has always been to expand geographically and expand Parkline's capabilities. This acquisition accomplishes both, and we look forward to combining forces and building on each company's historical success," said Bob Calton, Managing Partner at Summit Park.

Senior financing for the transaction was provided by Byline Bank.

For more information, please contact Rachel Hannon, (704) 654-3400 x240, at Summit Park.

About Bebco Industrial Housing and Access Solutions
Bebco designs and manufactures multiple lines of portable modular buildings for use in industrial and energy applications in the United States. Bebco's main products include metal shelters for use primarily in harsh operating environments, and to a lesser extent, blast resistant buildings and fiberglass shelters for use primarily in corrosive environments. Bebco was founded in 1967 as an independent, family-owned corporation. For more information, visit www.okbebco.com.

About Parkline
Parkline is a leading manufacturer of highly‐engineered metal buildings for industrial and commercial applications. Formed as an independent company in 1973, Parkline focuses on the production and erection of smaller buildings (widths of less than 32 feet) and is well known as a leader in the metal building industry with more than 70,000 structures in service throughout the United States and Canada. For more information, visit www.parkline.com.

About Summit Park
Summit Park is a Charlotte, North Carolina-based private investment firm focused exclusively on the lower middle market. The firm invests across a wide range of industries, including business services, outsourced services, light manufacturing and distribution. Summit Park targets businesses with revenue between $20 and $100 million and located in the Mid-South, Mid-Atlantic and Southeastern regions of the United States. The firm's capital can be used to facilitate a change in ownership, to support expansion and growth, to provide partial liquidity to existing owners, or to support an industry consolidation plan. For more information, visit www.summitparkllc.com.