Date Closed

September 17, 2007

Value

650.00 Million CAD

On September 17, 2007, Allen-Vanguard Corp. acquired privately-held Med-Eng systemson a debt and cash-free basis for about C$650 million,  in a deal that expands the military equipment company’s clientele.  In connection with the Transaction, Allen-Vanguard intends to issue common shares by way of a prospectus offering and use these funds to retire the Subordinated Debt and repay a portion of the Senior Debt Facility.

Med-Eng, headquartered in Ottawa, Canada, is a leading global supplier of Explosive Ordnance Disposal (EOD) equipment, and is the world market leader for bomb disposal suits and helmets.

Allen-Vanguard Corporation develops and markets technologies, tools and training for defeating and minimizing the effects of hazardous devices and materials, whether Chemical, Biological, Radiological, Nuclear or Explosive (CBRNE).

McCarthy Tétrault LLP represented Med-Eng with a team led by Robert Chapman.