Alliance Holdings, Inc. is pleased to announce the spin-off of its portfolio company, Trachte Building Systems, Inc. to the Trachte employees through a newly-formed Trachte ESOP. As a result of this transaction, Trachte is now 100% owned by its employees and Alliance was able to realize a significant return on its initial investment for its employee owners.

This separation is consistent with Trachte’s interest in remaining an ESOP owned company, as well as Alliance’s mission to maximize the value in its participants’ ESOP retirement accounts. With this move, Alliance significantly adds to its available capital to prudently and aggressively pursue its acquisition and diversification plan.

“The management of Alliance would like to personally wish the employees of Trachte the best of luck and thank them for their years of hard work as part of the Alliance family,” said David Fenkell, President of Alliance. “During our five-year association, Trachte created a substantial return for all of Alliance’s employee shareholders, including those at Trachte.”

"Trachte’s involvement with Alliance has been a very positive experience for the company,” said Steve Pagelow, Chairman of Trachte. “Alliance brought an institutional approach to the management of Trachte which promoted a discipline that will be beneficial to Trachte as an independent ESOP.”

Alliance Holdings is a 100% employee-owned holding company (through an ESOP) that invests in market-leading manufacturers of industrial, commercial and construction products. Founded in 1994, Alliance has grown to become one of the largest ESOP companies in the country. Alliance’s mission is to create an enduring, diversified ESOP-owned company that maximizes the value of our employee-owners retirement accounts.

Trachte Building Systems, a leading manufacturer and supplier in the self-storage industry, markets a full-line of pre-engineered steel building systems. Subsidiaries of Trachte include Trac-Rite Door, a premier manufacturer of steel roll-up doors, and Fire Facilities, Inc., the leading manufacturer of steel fire training towers. Trachte is devoted to providing superior products, uncompromised service, and unmatched industry knowledge through the entire customer experience.

For more information, contact:

Ken Wanko
Director, Acquisitions
Alliance Holdings, Inc.
711 York Road, 2nd Floor
Willow Grove, PA 19090
(T) 215.706.0873 ext. 126
(F) 215.706.0877
wanko@allianceholdings.com