Rahn Industries was a leading, national manufacturer and distributor of air conditioning condensers, heat exchangers, and evaporators for commercial, industrial and automotive applications.

Rahn Industries was founded in 1979 by Mr. William R. Hahn, after his purchase of a small ($200,000 in revenues) climate control products company.

Mr. Rahn built Rahn Industries into one of the top manufactures and distributors in the air conditioning market, with a diversified customer base of approximately 1,500 automotive air conditioning customer accounts and 500 commercial/industrial heat exchanger customer accounts. Many of these accounts were large, national distributors. The Company offered the most comprehensive product line, with the greatest application coverage, of any U.S. company in the industry.

The Company serves its customers from plants in Los Angeles, Atlanta and Philadelphia, and was considering an additional plant site in Texas or the Midwest.

Mr. Hahn decided to pursue a sale of the Company because of his age and the fact that the Company would need to incur significant capital expenditures in order to capitalize on its future growth prospects.

Mr. Hahn was introduced to BCC through an Executive Briefing Conference co-sponsored by Deloitte & Touche, Merrill Lynch, Paul Hastings, and BCC Capital Partners.

BCC conducted a disciplined and well organized sale process, which identified a number of strong strategic buyers and Mr. Hahn ultimately selected Transpo, Inc. as the successful bidder. As a result of BCC's successful competitive bidding process, Mr. Hahn sold his Company at a significant premium to prevailing market multiples, realizing a price well beyond his most optimistic estimates.