Strongco Income Fund

Strongco Income Fund

March 20, 2008 15:43 ET

Strongco Completes Acquisition of Champion Road Machinery

MISSISSAUGA, ONTARIO--(Marketwire - March 20, 2008) - Strongco Income Fund (TSX:SQP.UN) (the "Fund") announced that it has completed the acquisition of substantially all of the assets (excluding real property) of the Champion Road Machinery division (the "Champion Business") of Volvo Group Canada Inc. Under the terms of the transaction, previously announced on February 22, 2008 and March 17, 2008, the Fund, through its operating subsidiary, Strongco Limited Partnership, acquired the Champion Business for approximately $28 million.

The Champion Business provides full service sales, rentals, parts and service for the Volvo Motor Grader line in Ontario. In addition to graders, the Champion Business carries the Volvo Compact line in Ontario as well as Hamm and Super Pac compaction, ProPav pavers and Johnston sweepers and Frink plow equipment.

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