White Construction Becomes Part of Infrastructure and Energy Alternatives, LLC

CLINTON, Ind., Aug. 26, 2011 /PRNewswire/ — – Infrastructure and Energy
Alternatives, LLC (“IEA”) announced today that it has acquired White
Construction, Inc., one of the nation’s largest renewable energy contractors.
Terms of the investment were not disclosed. White Construction will remain based
in Clinton, Indiana with Buddy White joining the board of IEA and continuing as
the President of White Construction. In addition, the White family will acquire
a material ownership interest in IEA. The GFI Energy Group along with IEA
management will provide the equity capital for this and future acquisitions.

“We are very excited that White Construction has joined with IEA as we strive to
build a premier energy and water infrastructure services company,” said Paul
Daily, IEA CEO. “White’s excellent management team and long history of high
quality construction, safety and responsive customer service makes it an
excellent platform to capitalize on growth in the wind, solar and other
renewable energy markets. Buddy’s leadership has been instrumental to the
success of White and we are delighted that he will be continuing to lead this
company and that he will be joining the board of IEA. Our relationship with GFI
Energy will help us accelerate White’s growth and diversification.”

“This is a great opportunity for us to grow to the next level,” said Buddy
White, President of White Construction. “IEA and the GFI Energy relationship
bring us substantial added capital, resources, and expertise to help our company
expand our service offerings and further develop our client support systems.
With the continuing demand for renewable energy we see an exciting,
growth-oriented future for our company. We believe our commitment to safety,
quality and customer service coupled with the added resources of IEA and GFI
Energy will strengthen White’s ability to expand and diversify the services we
offer to our valued customers.”

About White Construction, Inc.

White Construction, Inc. is an established heavy civil construction contractor
providing a range of traditional, design-build, and engineering, procurement and
construction (EPC) services across North America. White provides these services
in a variety of markets including fossil and renewable energy power,
petrochemical and other heavy industrial markets, as well as local, state and
federal infrastructure. White Construction is ISO 9001 certified and manages
many difficult projects utilizing industry innovative methods while upholding
the highest standards of safety and quality. Established in 1947 White’s
corporate headquarters remains in Clinton, Indiana and the headquarters of its
Canadian Subsidiary, HB. White Canada Corporation is located in Oshawa, Ontario
Canada.

About Infrastructure & Energy Alternatives, LLC

Infrastructure & Energy Alternatives, LLC is a newly formed venture chartered
with building a diverse portfolio of energy and water infrastructure service
companies. IEA was formed and is led by Paul M. Daily, a 30 year veteran of
energy construction services having previously served as the CEO of InfraSource
LLC, an energy services unit of Quanta Services, after leadership stints at
Willbros USA and Earth Tech, Inc. Capital for IEA is provided by funds
controlled by the GFI Energy Group and by IEA management.

About the GFI Energy Group

GFI Energy Group is a specialized investment team within Oaktree Capital
Management. GFI Energy invests in profitable, growing companies with innovative
products and services used in the power and energy industries. Through its
fifteen year history, GFI Energy has invested in more than seventy transactions
with aggregate value of over $1.8 billion. Oaktree is a leading global
investment management firm focused on alternative markets, with $80 billion in
assets under management as of June 30, 2011. Oaktree was founded in 1995 by a
group of principals who have worked together since the mid-1980s. Headquartered
in Los Angeles, the firm has over 600 employees and offices in 13 cities
worldwide. For information, visit www.oaktreecapital.com

SOURCE Infrastructure and Energy Alternatives, LLC