The Jordan Company’s Resolute Fund Acquires Tolin Mechanical Systems Company

New York, NY: October 18, 2004 - The Jordan Company, L.P. ("Jordan") announced today that TSS, LLC ("TSS"), a company formed by Jordan, has completed the acquisitions of Tolin Mechanical Systems Company ("Tolin") for approximately $50 million. The acquisition was funded by equity capital provided by The Resolute Fund, LP, a $1.5 billion private equity fund managed by Jordan.

Tolin is one of the largest independent technical facilities service providers in the United States and will serve as the platform for Jordan's build-up strategy in technical facilities services through TSS. It is anticipated that by year-end 2004 an additional three acquisitions will be closed driving TSS's revenues to over $100 million.

Tolin provides single source facilities maintenance programs for critical and complex technical systems such as building automation, temperature control, HVAC, fire and life safety, and electrical distribution. Their technical facilities maintenance programs focus on predictive, preventive and reactive maintenance and retrofits as opposed to new construction. Tolin's growing national footprint allows commercial, industrial and institutional property owners and managers to manage their technical systems through Tolin's Mobile Technical Services or On-Site Facilities Services with consistency, reliability and cost-effectiveness.

TSS was formed by Jordan in partnership with industry executive W. Frank Blount in order to build a national contractually based technical facilities services business. Mr. Blount formerly served as Chief Executive Officer of Telstra, Inc., the indigenous Australian telephone company, and prior to that, as Group President of AT&T Corporation. He was responsible for dispatched technical work forces numbering over 25,000 certified technicians and will oversee the operations of the TSS strategic build-up.

TSS and Tolin management are working in concert to aggressively pursue the acquisition of complementary businesses for Tolin and TSS as well as driving organic growth initiatives. Businesses which manage the critical technical systems which Tolin manages (building automation, temperature control, HVAC, fire and life safety, electrical distribution) are of particular interest. In addition, TSS is specifically targeting businesses providing elevator services and data and telecommunication network services.

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