Danville Partners LLC Acquires Oil Skimmers Inc.


CLEVELAND, Sept. 7 -- Cleveland-based business development and private equity firm, Danville Partners LLC announced its acquisition of Oil Skimmers Inc., a manufacturer of oil skimming equipment located in Cleveland, Ohio. The acquisition was completed on August 31, 2007. Terms of the agreement were not disclosed. Changes in management are not anticipated.

"We are pleased to have the opportunity to invest in Oil Skimmers Inc. and continue to build our portfolio of industrial automation and environmental related equipment companies," said Mike Gaudiani, managing partner, Danville Partners. "By combining our financial and management resources with Oil Skimmers' dependable products, superb worldwide sales and service, and successful management team we hope to build on Oil Skimmers' success and help take the business to an even higher level."

According to Bill Townsend, CEO, Oil Skimmers, "Danville Partners' acquisition of Oil Skimmers will facilitate pursuing new business opportunities to increase the company's presence in existing and new markets, further positioning Oil Skimmers as the leader in the industry."

Danville Partners, LLC is a business development partnership that uses private equity investment to build entrepreneurial companies. Focusing on small- and middle-market companies, Danville helps its portfolio businesses achieve their maximum growth potential. For more information, visit www.danvillepartners.com.

Oil Skimmers Inc. offers long-lasting, customized oil skimming equipment and solutions for diverse manufacturing and industrial applications that require dependable, continuous removal of oil from process liquids and wastewater to protect the environment, promote recycling and reduce cost. With thousands of systems in operation worldwide, some for over 35 years, Oil Skimmers is the leader in the field and provides reliable, cost-saving oil skimmers along with excellent customer service and support. For more information, visit www.oilskim.com. Phone: 800.200.4603. E-mail: info@oilskim.com.

Source: Oil Skimmers Inc.

CONTACT: Agency Contact, Kristen Kalich, +1-440-234-1812, for Oil Skimmers Inc.

Web site: www.danvillepartners.com/
http://www.oilskim.com/

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