Broadspire News

Broadspire sells risk and safety division; NATLSCO joins growing company

Plantation, Fla. and Lake Zurich, Ill. (January 10, 2006) - Broadspire, a Platinum Equity company and leading provider of casualty and disability claims management services, has sold its NATLSCO risk and safety division to Bureau Veritas, the company announced today.

Bureau Veritas, a global company that specializes in quality, health, safety and environmental services, is an ideal fit for NATLSCO, said Dennis Replogle, Broadspire's president and chief executive officer. "This is an excellent opportunity for NATLSCO to increase its market share. This transaction works in the best interest of all involved parties," Replogle said. NATLSCO provides an array of risk and safety consulting, training and laboratory services to a client base in diverse industries.

Broadspire will contract with NATLSCO to provide risk and safety services to its clients, Replogle said."Risk and safety consulting is extremely important to our customers, and we will partner with NATLSCO to continue to provide those services to help prevent and reduce their losses."

NATLSCO's revenues have continued to increase over the past year, but Replogle said the business unit accounted for a small percentage of Broadspire's revenue.

Bureau Veritas is dedicated to North American expansion, and has completed a number of acquisitions, including US Laboratories and Clayton Group Services, in the last three years. NATLSCO product offerings will complement and enhance the overall Bureau Veritas services portfolio, NATLSCO vice president Robert Donze said.

Based in Lake Zurich, Ill., NATLSCO will retain its name and staff, and customers can expect to receive the same service to which they have become accustomed. "It's business as usual for us and our clients," Donze said. "This transition should be seamless to our customers."

About Broadspire

Broadspire ( www.choosebroadspire.com ), a Platinum Equity company, offers the widest array of absence management services in the industry. Those services include workers' compensation, auto liability, general liability and short- and long-term disability claim management services; Family and Medical Leave Act administration; total disability management programs; field care and medical management services; and risk and safety consulting. Broadspire, based in Plantation, Fla., with 3,100 employees throughout the United States, creates customized solutions designed to increase employee productivity and contain costs.

About Platinum Equity

Platinum Equity ( www.platinumequity.com ) is a global M&A&O(R) firm specialized in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, software, telecommunications, logistics, manufacturing, health care products and entertainment distribution. Since its founding in 1995 by entrepreneur Tom Gores, Platinum Equity has acquired more than 50 businesses with more than $11 billion in aggregate revenue at time of acquisition.

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Contact:
Kathy Bradley
Office: 954-693-1135 Cell: 954-552-3275
kbradley@choosebroadspire.com