Cameron Holdings Corporation has sold Henderson Enterprises Group to Douglas Dynamics

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Clayton, Missouri-based Cameron Holdings Corporation (“Cameron”) has sold Henderson Enterprises Group, Inc. (“Henderson” or the “Company”) to Douglas Dynamics, Inc. (NYSE:PLOW; “Douglas”), for approximately $95 million in cash, subject to post-closing adjustments. The transaction closed on December 31, 2014.

Henderson is the leading North American manufacturer of customized, turnkey snow and ice control equipment solutions for heavy-duty trucks, focused on State Departments of Transportation (DOTs), counties and municipalities. Henderson’s expansive product portfolio includes ice-control equipment, snow plows, dump bodies, muni-bodies and replacement parts. Henderson is headquartered in Manchester, Iowa, which includes a 170,000 square foot manufacturing facility where most of its more than 350 employees are based. The Company also maintains five truck equipment upfit facilities located in New York, Iowa, Ohio, New Jersey and Illinois, which provide turnkey assembly and delivery of heavy-duty trucks to customers.

Don Metzger, Senior Vice President of Cameron, commented, “We are extremely pleased with the outcome. Lincoln provided us with advice and counsel tailored to our specific needs and objectives. Their hands-on approach, disciplined execution and process insights led to a positive outcome for the Company, its employees and shareholders.”

Additional information regarding Henderson is available at www.hendersonproducts.com.

Lincoln acted as the exclusive financial advisor to Cameron and Henderson, working closely with the management team and shareholders throughout the sale process. Additional information regarding Cameron can be found at www.cameron-holdings.com.

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