MISCOR Group Acquires 3-D Service,
Enters Growing Wind Power Repair Market
Acquisition Funded by $20 Million Equity Investment
South Bend, Indiana, Dec. 3, 2007 - Industrial services provider MISCOR Group, Ltd. (OTC
BB: MCGL) today announced it has acquired privately held 3-D Service, Ltd., a provider of
industrial services to the wind energy industry. 3-D Service had revenues of $16.1 million for the
first 10 months of 2007.
MISCOR also announced it closed a $20 million equity investment by institutional investor
Tontine Capital Partners, L.P. Proceeds from the private placement will be used to fund costs
associated with the acquisition of 3-D Service as well as for future working capital and
acquisition activity.
“3-D Service is an outstanding example of what we look for in an acquisition – a complimentary
culture focused on service, talented management and team depth, and additive service expertise
to expand our offerings,” said John Martell, President and CEO of MISCOR. “This acquisition
allows us to expand our growing Midwest presence, and gives us a foothold in the wind energy
industry, which we believe has great growth potential and a positive environmental impact. Our
$20 million equity raise was instrumental in completing this acquisition and also serves as an
endorsement of our business model and growth prospects.”
As part of the acquisition, MISCOR said Bernie DeWees, Owner and current President of 3-D
Service, will join MISCOR as President of Magnetech Industrial Services. DeWees brings more
than 29 years of experience in the industrial services industry, the last five as President of 3-D
Service which he has more than doubled in size during that period.
Bernie DeWees, President of 3-D, said,“We are pleased to be part of MISCOR’s vision to
become a national service provider of choice. We have shared values, complimentary services
and clear potential to be stronger as a team, and I look forward to leading Magnetech Industrial
Services and working alongside some of the most experienced people in the industrial services
market.”
Martell concluded: “As we continue to execute our strategic plan to expand through organic- and
acquisition-based growth, we’re fortunate to get both new services and a strong team with this
deal.” This transaction marks MISCOR’s tenth acquisition since 2000 and the second in the past
three months.
3-D Service will become part of the Company’s wholly-owned subsidiary Magnetech Industrial
Services, and immediately bolsters its industrial services offerings while expanding its
geographic reach in the Midwest. 3-D Service specializes in the sales, repair and service of
commercial and industrial equipment in numerous markets, including electric utility, wind
power, automotive, manufacturing, plastics and others. 3-D Service also provides 24-hour onsite
emergency services in addition to its patented Total Motor Management™ program, focused on
reducing the risk of equipment breakdowns while lowering repair costs for customers. The
addition of 3-D Service’s 120 employees and its Ohio-based facilities open the door to new
business opportunities while enabling MISCOR to provide expanded services to its current roster
of blue chip clients.
In addition to the acquisition, MISCOR’s board of directors approved a 1-for-25 reverse stock
split of the Company’s common stock. The reverse split is expected to be effective Jan 10, 2008.
Shareholders with a total number of shares not divisible by 25 will receive a cash equivalent for
the fractional shares held. MISCOR currently has 271.8 million shares outstanding, and will have
approximately 10.9 million shares outstanding once the split is effective.
Financial terms of the 3-D Service acquisition and equity investment are available on separate
Form 8-Ks filed with the Securities and Exchange Commission (SEC) at www.sec.gov.
About MISCOR
South Bend, Ind.-based MISCOR Group, Ltd. (OTC BB: MCGL) provides electrical and
mechanical solutions to industrial, commercial and institutional customers through two
segments: RRM (repair, remanufacturing and manufacturing) segment, which provides
maintenance and repair services for industrial motors, generators and lifting magnets, and diesel
engine component manufacturing, remanufacturing and repair services; and CES (construction
and engineering services) segment, which provides a wide range of electrical and mechanical
contracting services and engineering and repair services for electrical power distribution systems.
MISCOR was ranked on the Inc. 500 in 2004 and 2005 and has grown to more than 600
employees in 14 locations nationwide.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the safe harbor
provisions of the United States Private Securities Litigation Reform Act of 1995. These forwardlooking
statements involve certain risks and uncertainties that ultimately may not prove to be
accurate. Actual results and future events could differ materially from those anticipated in such
statements. For further discussion of risks and uncertainties, individuals should refer to the
Company's SEC filings. MISCOR Group, Ltd. undertakes no obligation and does not intend to
update these forward-looking statements to reflect events or circumstances occurring after this press
release. You are cautioned not to place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. All forward-looking statements are qualified in their
entirety by this cautionary statement.
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CONTACT:
Rich Mullin, CFO
MISCOR Group, Ltd.
(574) 234-8131
Jeff Lambert, Patrick Kane
Lambert, Edwards & Associates, Inc.
(616) 233-0500 pkane@lambert-edwards.com

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