ACAS American Capital, Ltd.

Oshkosh Truck Corporation (NYSE:OSK): -- Fourteen Acquisitions Within Past 10 Years -- Continues Expansion into Complementary Markets and Strengthens Service and Distribution Capabilities -- Adds Truck-Mounted Cranes and Field Service Vehicles to Product Line Oshkosh Truck Corporation (NYSE:OSK), a leading manufacturer of specialty trucks and truck bodies, today announced that it has completed the acquisition of Iowa Mold Tooling Co., Inc. (IMT), a leading manufacturer of field service vehicles and truck-mounted cranes serving the construction, mining and tire service markets, through a merger. IMT was a portfolio company of American Capital Strategies, Ltd. (NASDAQ:ACAS). The transaction was completed on an all-cash basis for $131 million. This is the second acquisition in the commercial specialty truck industry that Oshkosh has completed within the past two weeks. "The IMT brand is recognized as a leader in product quality, technology development and customer service within its primary end markets. This acquisition is aligned with our decade-long acquisition strategy of expanding in commercial specialty truck markets. We believe IMT provides near-term growth opportunities in its existing and adjacent market spaces, complements our existing commercial brands -- McNeilus(R), CON-E-CO(R) and London(R) -- and broadens our commercial customer base and distribution network. We're very excited to have IMT, its employees and its dealers join Oshkosh Truck," said Robert G. Bohn, Oshkosh's chairman, president and chief executive officer. IMT is a leading North American manufacturer of field service vehicles, which are marketed to major construction equipment dealers, major construction companies and mining operations. Its full line of service vehicles includes general mechanics trucks, tire service trucks and lubrication trucks. All are used to perform on site service, maintenance or repair operations at locations such as construction sites, quarries and mines. IMT also produces a broad line of truck-mounted cranes including wallboard loaders, telescopic cranes and articulating cranes for a variety of end markets. IMT's North American distribution network consists of more than 80 dealers, which provide local sales and service support to IMT's end users. "We believe that IMT serves its traditional markets well and that there is an opportunity to grow revenue in adjacent market spaces, including government and international customers, with this same approach. We also see potential to leverage the service capabilities of IMT's and our other distribution networks to enhance services to our customers in a variety of end markets," said Bohn. About Oshkosh Truck Corporation Oshkosh Truck Corporation (NYSE:OSK) is a leading designer, manufacturer and marketer of a broad range of specialty commercial, fire and emergency, and military trucks and truck bodies. Oshkosh's products are valued worldwide by fire and emergency units, defense forces, municipal and airport services, concrete producers and refuse hauling businesses where high quality, superior performance, rugged reliability and long-term value are paramount. To learn more about Oshkosh Truck Corporation, visit its web site at www.oshkoshtruckcorporation.com. Forward-Looking Statements This press release contains statements that the company believes are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact, including statements regarding the company's future financial position, business strategy, targets, projected sales, costs, earnings, capital spending and debt levels, and plans and objectives of management for future operations, are forward-looking statements. When used in this press release, words such as the company "expects," "intends," "estimates," "anticipates," or "believes" and similar expressions are generally intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the company's control, that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include, without limitation, risks related to the Company's acquisition strategy including identifying and evaluating acquisition candidates and integrating acquired businesses, such as IMT, reductions in government expenditures, the uncertainty of government contracts, and the possibility that expected synergies and other cost savings will not be achieved nor future plans realized. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission.