Newt Gingrich Honors Randy LaCrosse as Entrepreneur of the Year from Pennsylvania

Washington, DC – Former Speaker of the House and General Chairman of American Solutions, Newt Gingrich, recently honored Mr. Randy LaCrosse, CEO of Femco Machine Company, as American Solutions’ 2009 Entrepreneur of the Year from Pennsylvania. Speaker Gingrich recognized Mr. LaCrosse at an American Solutions awards dinner on September 23, 2009 at the Capitol Hill Club in Washington, DC.

“While Washington politicians are busy pushing for job-killing health care and energy taxes, it’s important that successful businessmen like Randy are recognized for doing what it takes to create jobs. America is nearing 10% unemployment, and creating new jobs is necessary for economic recovery. Unlike Washington, business leaders like Mr. LaCrosse realize that America does not work if Americans are not working. I look forward to working with Randy on advancing real solutions to help create more jobs and get our economy moving again.”

Established in 1965, Femco Machine Company is a leading provider of repair services and producer of aftermarket and OEM replacement parts for customers that operate heavy equipment, vehicles and drilling rigs. The Company’s specialized capabilities allow it to manufacture and repair extraordinarily large components and machines used primarily in the oil drilling, crane and dragline industry, recycling facilities, aggregate and concrete companies, metal stamping shops, sugar cane harvesters, the mining industry and other heavy industrial markets. It also operates 24/7 a fleet of 19 mobile machine shops, which are staffed by technicians and contain specialized cranes and machining equipment.

Founded in 1982, Saugatuck Capital Company is a long-established private investment firm committed to leveraged recapitalizations, buyouts, and growth equity investments in the lower middle-market. Sourcing investment opportunities through an unparalleled network of contacts, Saugatuck invests in profitable, well-established, service-driven businesses. The Firm has been dedicated to a philosophy of hands-on value creation in which exceptional management teams, in partnership with Saugatuck’s capital and expertise, build outstanding companies.