Manufacturers of mobile heavy equipment are expanding globally through consolidation and are increasingly using technology to improve the functionality of their products while reducing overall manufacturing costs. These trends have created an opportunity for certain suppliers to respond by building world-class engineering and global distribution capabilities. While Vansco has traditionally focused on building engineering resources to accommodate customer requirements for new and innovative product features, the Company has primarily served a North American market.

Committed to maintaining its status as a leading supplier to its OEM customers, Vansco is looking to establish a beachhead overseas that will enable it to continue addressing its customer's needs. In order to put this plan into action, Vansco's founder and sole shareholder began by recruiting a seasoned CEO with relevant international experience and together they repositioned the Company for international expansion. Finally, in order to attain the financial strength and flexibility to accomplish an international acquisition program, a private equity partner with relevant industry experience was sought.

Having European locations will provide global manufacturers with local engineering and design capability on two continents. To accomplish this, a number of acquisition targets have been identified. These potential acquisitions have complementary products and engineering resources which benefit both existing and new customers in Europe as well as the existing customer base in North America.

Management is committed to growing in partnership with its customers in order to provide them with the tools required to compete both domestically and globally. Furthermore, Vansco will capitalize on Kilmer's experience, knowledge and network as it executes its acquisition program.