Building and maintaining America s infrastructure; Tomorrow s systems today

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2 Company Snapshot Year Founded: 1982 (LLC entity established in 2006) Ownership: Wholly owned subsidiary of the ACS Group ( com) Union/Non-Union: Non-union Est. Bonding Capacity: $150 million with CNA Surety Corporation % of Revenue Bonded: >95% Typical Project Size Range: $500,000 - $35 million 2011 Revenue: $55 million (±) Typical Project Duration: 6 months to 4 years Typical Work Self-Performed: Installation and maintenance of highway / airport signing, lighting, traffic signal systems, intelligent transportation systems (ITS), tolling infrastructure, airport runway lighting, and OSP/ISP fiber infrastructure. Current Geographic Focus: Maryland, Virginia, DC, Delaware, North Carolina, South Carolina, and Georgia

3 Midasco Timeline Midasco has systematically broadened its service offering to become a full-service provider of signing, lighting, traffic signal systems, intelligent transportation systems (ITS), fiber optic systems, and tolling infrastructure along the East Coast. 1982: Predecessor entity is 1994: Introduced 1998: Began 2006: Discontinued formed as Mid-Atlantic Steel Contractors, focusing on reinforced steel (rebar) installation complementary highway lighting installation services installing ITS equipment rebar work to focus on core transportation infrastructure services 2001: Moved into current Main Office in Elkridge, MD 2003: Opened office in Northern Virginia 2004: Opened office in Hampton, VA 2009: Acquired PLC Inc. Opened office in Charlotte, NC 2010: Opened office in Atlanta, GA : Reached $5 million in revenue 1999: Reached $10 million in revenue 2003: Reached $20 million in revenue 2008: Reached $30 million in revenue 2010: Reached $40 million in revenue 2011: Reached $55 million in revenue 1989: Began offering highway sign installation services 1995: Expanded into traffic signal installation services 2000: Midasco began participating in Public-Private Partnership ( PPP ) projects 2006: Midasco, LLC is capitalized by Main Street Resources and Starboard Capital Partners to acquire assets of Midasco, Inc.; Michael Filipczak became President 2011: Midasco, LLC is acquired by The ACS Group

4 Mission Statement Vision Statement Midasco will be the premiere infrastructure contractor in the Americas by We will achieve this by: Delivering gquality yprojects safely and on time. Creating a company culture that recognizes employees for taking personal responsibility, rewards them for achieving company goals, and supports personal growth and development. Effectively partnering with customers to become their contractor of choice. Developing and maintaining effective working relationships with vendors and subcontractors that share our commitment to the customer. Fulfilling our obligations i to our lending and surety partners. Generating reasonable profits to benefit all stakeholders. Making a positive contribution to the communities in which we operate. Values Honesty and Integrity Experience and Teamwork Positive Work Ethic and Personal Responsibility Continuous Improvement

5 Construction Services Midasco has the capabilities to self-perform 100% of the work it is contracted to perform including: General Construction - Site preparation/work - Foundation installation - Caisson drilling -Design-build execution - Device installation and integration - Conduit and duct banks ITS / Tolling Installations - Call boxes - Changeable message signs - Microwave detectors - CCTV systems - Variable/dynamic message boards - Loop detectors - Weather stations - Lane control systems - Structure installation Signal Installation - Traffic signals - Piezo sensors - Traffic Loops - Pedestrian signals -Automatic traffic recording stations - LED upgrades Fiber Optic Installation - Directional drilling - Electrical wiring and OSP/ISP fiber installation - Fiber pulling - Splicing and termination - Plowing, trenching, and backhoe services Lighting Installation - Highway/High mast lighting - Manhole/handhole installation - Airport/Runway lighting -Lighting gon sign structures - Streetscapes and decorative lighting g Signage Installation - Highway/Airport signage - Overhead signs and foundations - Cantilevers - Butterflies and bridge mounts Maintenance - Complete hardware maintenance program for all performed work

6 Organizational Structure Chief Executive Officer / President Michael Filipczak Director of Construction Chief Financial Officer and Treasurer Director of Human Resources Joe Pagan Kathy Conti Rick Tormo Fleet Estimating Eti Safety Project Managers Management Department and Assist. PMs (3 Employees) (6 Employees) (2 Employees) (19 Employees) HR Department (3 Employees) Materials and Purchasing (2 Employees) Controller (1 Employee) IT Department (1 Employee) Accounting Department (4 Employees)

7 Safety Program Midasco adheres to a zero-incident safety policy, maintains a comprehensive safety program, and has historically demonstrated an impressive safety record The Company s quarterly newsletter contains a section in each issue focused on safety with tips for employees, as well as recap of recent awards given for safety recognition Midasco incentivizes its employees to maintain a disciplined approach to safety through annual awards and prizes, including: - Harley-Davidson motorcycle / Ford pick-up giveaway - Drawing for a week-long cruise with spending money The Company has developed a company-wide safety program based on three key areas: Development Implementation Enforcement Coordinate on-site orientation programs Develop emergency procedures Develop work procedures Identify personnel safety responsibilities Identify training parameters Jobsite orientation Daily job hazard analysis Weekly toolbox meetings Weekly management meetings Monthly safety/risk manage meetings Quarterly safety recognition meetings Annual All Hands Safety Meeting Manager training program Behavioral observation surveys Daily job site loss control survey Daily activity reports Responding to employee recommendations Investigation: lessons learned of near misses Investigation and lessons learned of accidents/incidents

8 Geographic Footprint Midasco has served the attractive Maryland, Delaware, Virginia, and Washington D.C. region for over 25 years Midasco s successful growth has resulted in the addition of two satellite offices in Charlotte, North Carolina and Atlanta, Georgia to leverage its success in the Mid-Atlantic region and extend further south along the East Coast In addition to the five permanent offices, Midasco also maintains on-site portable offices at each of its long-term projects Office Locations o Legacy Market Growth Market Office Location Elkridge, MD (Headquarters) Alexandria, VA Hampton, VA Charlotte, NC Atlanta, GA

9 Client Relationships Midasco has excellent and long-standing relationships with the leading general contractors and owners in the Mid- Atlantic and Southeast regions. Representative Owner Relationships Years of Owner Maryland State Highway Administration Relationship 16 Federal Highway Administration 16 Virginia Department of Transportation 15 Maryland Transportation Authority 14 City of Baltimore 13 Metropolitan Washington Airports Authority 12 Maryland Aviation Administration 11 North Carolina Department of Transportation 3 South Carolina Department of Transportation 2 Georgia Department of Transportation 2 Delaware Department of Transportation 1 Representative General Contractor Relationships Years of General Contractor Walsh Construction / Archer Western Relationship 19 Clark Construction / Shirley Contracting 20 The Branch Group / E.V. Williams 19 Wagman Construction 17 Corman Construction 23 Lane Construction Corporation 24 Kiewit Corporation 14 Granite Construction 8 Fluor Corporation 4 P. Flanigan & Sons, Inc. 3 Skanska Group 2

10 Representative Midasco Projects Project Name I-495 HOT Lanes Contract Owner General Contractor Services Provided Duration Value (mil) Virginia Department of Transportation (VDOT) Fluor, Transurban Signing; ITS 12/ /2012 $33.1 Intercounty Connector (ICC) - Maryland State Highway Shirley, Facchina, Contract C Administration (MDSHA) Trumbull Lighting and ITS 12/ /2011 $18.9 Woodrow Wilson Corridor G.A. and F.C. Wagman Signing, Lighting, MDSHA and VDOT Interchange Projects and Corman Construction and ITS 6/ /2008 $19.9 Springfield Interchange Projects VDOT Shirley, Lane Const., Signing, Lighting, Archer Western and ITS 4/2003-6/2007 $22.7 I-95 Express Toll Lanes, Section Maryland Transportation Cherry Hill, Corman, P. Signing, Lighting, 100 Authority Flanigan, Wagman Signals, etc. 3/ /2010 $17.5 I-495 and Telegraph Road Corman Construction; Signing, Lighting, VDOT Interchange Improvements Kiewit and ITS 2/2008-6/2013 $16.1 Maryland Area-Wide Signing Contracts MDSHA Midasco (Prime) Signing 4/1998-9/2011 $12.2 Hampton Road and Fredericksburg Districts Traffic VDOT Midasco (Prime) Signal 11/ /2010 $10.0 Signal Maintenance Woodrow Wilson Bridge MDSHA Corman Construction; Granite Construction Signing and Lighting 1/2004-5/2008 $7.4 NIT Backlands Reconstruction Virginia Port Authority E.V. Williams Pennsylvania Turnpike ITS Deployment Dulles Airport Runway Reconstruction District of Columbia Street Lighting Project Pennsylvania Turnpike Authority Metropolitan Washington Airport Authority Federal Highway Administration Lighting and miscell. Electrical work 8/2005-5/2009 $4.4 Midasco (Prime) ITS 11/2002-9/2004 $1.6 The Lane Construction Company Lighting 2/2004-8/2004 $1.2 Midasco (Prime) Lighting 3/2003-8/2004 $1.0

11 I-495 HOT Lanes (Design-build) Scope: This project will build fourteen miles of new High Occupancy Tolls ( HOT ) lanes on I-495 between the Springfield Interchange and just north of the Dulles Toll Road. These HOT lanes will allow the Beltway to offer HOV-3 connections with I-95/395, I-66, and the Dulles Toll Road for the first time. Midasco is installing the highway signing for this project, which includes extensive overhead sign structures with static and variable message signing. Midasco is also a vital part in the design-build operation to incorporate cutting edge technology, such as new LED sign lighting on structures and value engineering construction practices. Location: Fairfax and Arlington Counties, VA Contract Value: $34.1 million Project Highlights: On schedule and under budget Funding: Public Duration: 3 years Owner: Virginia DOT General Contractor: Fluor; Lane Construction (JV)

12 I-495 and Telegraph Road Interchange / Improvements Scope: The Telegraph Road Interchange project involves the complete reconstruction of the existing interchange to include ramp improvements, bridge widening/lengthening and widening of the I-95/I-495 mainline roadway section from 2.1 miles west of Telegraph Road to 0.5 miles to the east. Midasco is performing the signing, lighting, and communication installation work, which includes extensive overhead sign structures and foundations. Midasco is also responsible for temporary relocation of existing fiber optics networks and installing side-fired vehicle detectors, CCTV systems, dynamic message signs, new communication infrastructure, and all associated underground work. Location: Alexandria, VA Funding: Public Contract Value: $16.1 million Project Highlights: On schedule and under budget Duration: 4 years Owner: Virginia DOT General Contractor: CK Construction (JV of Corman Construction and Kiewit Construction)

13 InterCounty Connector (ICC), Contract C (Design-build) Scope: The InterCounty Connector (ICC) will link existing and proposed development areas between the I-270/I-370 and I-95/US 1 corridors within central and eastern Montgomery County and northwestern Prince George s County with a state-of-the-art, limited access, eastwest highway. Midasco performed the lighting and intelligent transportation systems, which included extensive high-mast lighting, low-level lighting, electrical service installation, copper cabling, dynamic message signs, toll rate signs, CCTV systems, vehicle detection, toll system rough-in, and fiber optic cabling. Midasco was also a vital part in the large scale design-build operation to incorporate cutting edge technology on one of Maryland s largest construction projects to date. Funding: Public Location: Montgomery and Prince George s Counties, MD Duration: 3 years Contract Value: $18.9 million Project Highlights: g On schedule and under budget General Contractor: IC3 (JV of Shirley Contracting, Facchina, Clark, and Trumbull Corporation) Owner: MdTA

14 References Relationship Bonding Agency Contact Company Phone No. Stephanie Freeman Atlantic Risk Management Corporation Bank Robert Barclay PNC Owner Owner Owner Rich Baker Clay Gottlieb Todd Morrison Maryland State Highway Administration (MDSHA) Maryland Transportation Authority (MdTA) Virginia Department of Transportation (VDOT) General Contractor Jon Fiem G.A. & F.C. Wagman, Inc General Contractor Gaeton Carrier Corman Construction, Inc Additional references available upon request -

15 Contact Information Michael Filipczak, PE President / CEO Midasco, LLC 7121 Dorsey Run Road Elkridge, MD (Direct) (Mobile) (Fax) mfilipczak@midasco.net Visit us online at: