Oshkosh Truck Completes Acquisition of Iowa Mold Tooling Company

-- Fourteen Acquisitions Within Past 10 Years

-- Continues Expansion into Complementary Markets and Strengthens Service and Distribution Capabilities

-- Adds Truck-Mounted Cranes and Field Service Vehicles to Product Line

Oshkosh Truck Corporation (NYSE:OSK), a leading manufacturer ofspecialty trucks and truck bodies, today announced that it hascompleted the acquisition of Iowa Mold Tooling Co., Inc. (IMT), aleading manufacturer of field service vehicles and truck-mountedcranes serving the construction, mining and tire service markets,through a merger. IMT was a portfolio company of American CapitalStrategies, Ltd. (NASDAQ:ACAS). The transaction was completed on anall-cash basis for $131 million.

This is the second acquisition in the commercial specialty truckindustry that Oshkosh has completed within the past two weeks.

"The IMT brand is recognized as a leader in product quality,technology development and customer service within its primary endmarkets. This acquisition is aligned with our decade-long acquisitionstrategy of expanding in commercial specialty truck markets. Webelieve IMT provides near-term growth opportunities in its existingand adjacent market spaces, complements our existing commercial brands-- McNeilus(R), CON-E-CO(R) and London(R) -- and broadens ourcommercial customer base and distribution network. We're very excitedto have IMT, its employees and its dealers join Oshkosh Truck," saidRobert G. Bohn, Oshkosh's chairman, president and chief executiveofficer.

IMT is a leading North American manufacturer of field servicevehicles, which are marketed to major construction equipment dealers,major construction companies and mining operations. Its full line ofservice vehicles includes general mechanics trucks, tire servicetrucks and lubrication trucks. All are used to perform on siteservice, maintenance or repair operations at locations such asconstruction sites, quarries and mines.

IMT also produces a broad line of truck-mounted cranes includingwallboard loaders, telescopic cranes and articulating cranes for avariety of end markets.

IMT's North American distribution network consists of more than 80dealers, which provide local sales and service support to IMT's endusers.

"We believe that IMT serves its traditional markets well and thatthere is an opportunity to grow revenue in adjacent market spaces,including government and international customers, with this sameapproach. We also see potential to leverage the service capabilitiesof IMT's and our other distribution networks to enhance services toour customers in a variety of end markets," said Bohn.

About Oshkosh Truck Corporation

Oshkosh Truck Corporation (NYSE:OSK) is a leading designer,manufacturer and marketer of a broad range of specialty commercial,fire and emergency, and military trucks and truck bodies. Oshkosh'sproducts are valued worldwide by fire and emergency units, defenseforces, municipal and airport services, concrete producers and refusehauling businesses where high quality, superior performance, ruggedreliability and long-term value are paramount.

To learn more about Oshkosh Truck Corporation, visit its web siteat www.oshkoshtruckcorporation.com.

Forward-Looking Statements

This press release contains statements that the company believesare "forward-looking statements" within the meaning of the U.S.Private Securities Litigation Reform Act of 1995. All statements otherthan statements of historical fact, including statements regarding thecompany's future financial position, business strategy, targets,projected sales, costs, earnings, capital spending and debt levels,and plans and objectives of management for future operations, areforward-looking statements. When used in this press release, wordssuch as the company "expects," "intends," "estimates," "anticipates,"or "believes" and similar expressions are generally intended toidentify forward-looking statements. These forward-looking statementsare not guarantees of future performance and are subject to risks,uncertainties, assumptions and other factors, some of which are beyondthe company's control, that could cause actual results to differmaterially from those expressed or implied by such forward-lookingstatements. These factors include, without limitation, risks relatedto the Company's acquisition strategy including identifying andevaluating acquisition candidates and integrating acquired businesses,such as IMT, reductions in government expenditures, the uncertainty ofgovernment contracts, and the possibility that expected synergies andother cost savings will not be achieved nor future plans realized.Additional information concerning these and other factors is containedin the company's filings with the Securities and Exchange Commission.