TRANSACTION DETAILS         Client: Collins Industries, Inc. (OTCPK:CNSI) Transaction: Sale to Steel Partners II, L.P. Industry: Manufacturing - Specialty Vehicles Service: Sell-Side Advisory Owner: Publicly Traded Details: Collins Industries, Inc. (OTCPK:CNSI) was sold to Steel Partners II, L.P., a privately-owned hedge fund sponsor, in affiliation with American Industrial Partners, an operationally focused private equity firm. Collins Industries is a market leader in the manufacture of specialty vehicles, which include ambulances, small school buses, terminal trucks, road construction equipment and industrial sweepers. Testimonial: "George K. Baum Advisors' thoroughness and thoughtfulness favorably positioned Collins as an attractive target for a broad universe of potential acquirors. GKB's attention to detail, effective management of the sale process and negotiating prowess resulted in a high degree of competitive tension at every stage of the sale process. These factors, combined with the Company's strong operating performance, allowed the shareholders to achieve a very favorable outcome in the form of the transaction with Steel Partners and American Industrial Partners." Don L. Collins Chairman and Chief Executive Officer Collins Industries, Inc. Case Study: Collins Industries, Inc.