COSTA MESA, Calif., March 6, 2008 (PRIME NEWSWIRE) -- Stainless Fabrication, Inc. has been acquired by Exchange Industrial Income Fund (TSX-V:EIF.UN). Terms of the transaction were not disclosed.

RSM EquiCo Capital Markets initiated the transaction, sourced the buyer, led the negotiations and acted as exclusive financial advisor to Stainless Fabrication.

Stainless Fabrication is the first U.S. acquisition for EIIF. Mike Pyle, president and CEO of EIIF stated, "We are very excited about the acquisition of Stainless Fabrication. It is an excellent target for our first acquisition in the United States, with a proven market niche, strong revenue growth and a long list of blue chip clients. Furthermore, it is an excellent fit with our existing metal manufacturing businesses and we expect significant opportunities for the companies to work together to fully leverage their individual competitive advantages."

A team of RSM EquiCo Capital Markets professionals contributed to the successful close of this transaction. Bruce Manchester, senior managing director and Michael Sims, vice president, led the deal team.

About RSM EquiCo Capital Markets

RSM EquiCo Capital Markets LLC ( is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm's services include mergers, acquisitions, divestitures, recapitalizations, capital raising and fairness opinions. RSM EquiCo Capital Markets, which offers in-depth expertise in 12 distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.

RSM EquiCo Capital Markets is affiliated with RSM McGladrey Inc., one of the nation's largest providers of business and tax consulting, wealth management, retirement resources and payroll services to midsized companies. The firm's international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York and London.

RSM EquiCo Capital Markets is licensed by the SEC and all state securities authorities, and is a member of FINRA and SIPC.

About Stainless Fabrication, Inc.

Stainless Fabrication ( is a leading designer and manufacturer of custom, high-alloy, stainless processing equipment and steel vessels. The company services the healthcare, pharmaceutical, food, ethanol, dairy, beverage, chemical and transportation industries. The company provides both custom fabrication and field fabrication / erection services to customers such as Unilever, Xerox, Bayer, Novartis, Nestle, Phillip Morris, Genentech, ADM, Cargill, Kraft Foods, Coca Cola and Bausch & Lomb. Stainless Fabrication is based in Springfield, Mo.

About Exchange Industrial Income Fund

Exchange Industrial Income Fund ( is a Canadian business trust created to invest in profitable companies with strong cash flows operating in niche markets in North America. The trust invests in companies for the long term with no intention of selling; retains current management and works with them to grow their companies. EIIF is based in Winnipeg, Manitoba.

RSM EquiCo Inc.
Todd Cooley, Director of Communications