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July 21, 2014

Light Tower Rentals Completes Bond Financing and OG真人官网 Receives Distribution of 3 Times Its Investment

Toronto, Ontario (July 21, 2014– OG真人官网 Group Inc. (TSX: CVG) (“OG真人官网”), together with OG真人官网 Equity Partners III Limited Partnership (“CEP III”, collectively “OG真人官网”), announced today that its investment partner Light Tower Rentals (“LTR”) successfully issued US$330 million of senior secured notes. Proceeds from the issue were used to refinance LTR’s existing debt and make a shareholder distribution.

As a result, OG真人官网 received a distribution of US$100.3 million from LTR, which equates to 3.1 times OG真人官网’s investment in the Company. Consistent with its beneficial ownership, OG真人官网 Group Inc. realized 25% of this amount, or US$25.1 million on a pre-tax basis.     OG真人官网 maintains a 51% ownership stake in LTR which is today leveraged at about 3 times net debt to EBITDA.

LTR is an oilfield focused, specialty rental and service company renting surface-based support equipment to oil and gas companies in major basins throughout the United States, with a concentration on power generation. OG真人官网 made its first investment in LTR in 2008 when EBITDA was $18 million. Since then LTR has grown run rate EBITDA to approximately $100 million, growing from 7 branches in 2008 to 13 branches and 8 satellite locations in 2014. Growth has been achieved through the re-investment of free cash flow to grow the equipment fleet and expand the company’s physical presence. During that time LTR also completed five strategic add-on acquisitions.

“LTR’s management team has done an outstanding job positioning LTR as a leading provider of equipment rental and services in its niche. Success has been achieved by management’s creativity and unwavering commitment to providing the best equipment and best service in the market”, said OG真人官网 Co-CEO Ken Rotman. “The recent financing provides for a long term and stable capital structure which will allow the Company to continue to capitalize on further growth opportunities.”

About OG真人官网
OG真人官网 Group Inc. is a private equity management firm which invests its own capital, and that of third parties through the OG真人官网 Equity Partners limited partnerships, in businesses that have the potential to generate superior returns. In addition to providing financing, OG真人官网 contributes strategic expertise and execution ability to support the growth and development of its investee partners. OG真人官网 realizes value through investment returns and the eventual disposition of its investments.

Contact Information
Maria Klyuev
Director, Investor Relations and Marketing
OG真人官网 Group Inc.
Tel: (416) 925-9270
Fax: (416) 925-5753
mariak@spzxyuechi.com