E Enterprise Group Inc

Enterprise Group, Inc. ("Enterprise" or the "Company") (TSX:E) is pleased to
announce that it has completed its previously announced acquisition of a
specialized underground infrastructure construction company, Calgary Tunnelling
& Horizontal Augering Ltd., for a purchase price of $12 million plus working
capital, subject to post-closing adjustment. The acquisition is effective May 1,
2013. The acquisition was funded through a combination of cash, the issuance of
727,908 common shares of the Company at a deemed price of $0.68 per share and
vendor take-back financing in the amount of $1 million to be paid over two
years. 


Founded in 1984, Calgary Tunnelling & Horizontal Augering LTD., ("CTHA") is a
North American leader in the highly specialized tunnelling field. CTHA utilizes
a number of tunnelling disciplines to get the job done efficiently and safely.
Some of these disciplines are laser guided boring & augering, pipe ramming, pipe
jacking/tunnel boring (TBM), among others. Tunnelling is a highly specialized
segment of the construction industry and as a result, has a very lightly
populated landscape for competition. The previous owner/manager has agreed to a
long term employment agreement and by retaining him and his expert team it will
assist Enterprise to effectively integrate and invest into strategic growth
initiatives. Leonard Jaroszuk, President & CEO of Enterprise comments; "CTHA has
the potential for substantial growth over the next few years we are extremely
excited to work with this tremendously skilled group." 


Enterprise is projecting from the effective date of May 1, 2013; CTHA will bring
in approximately $12 million in revenue while delivering nearly 40% in EBITDA
for the remainder of 2013. 


CTHA performs its services from the west coast through to central Canada across
the energy, utility and infrastructure segments. Its clients range from Canada's
largest rail companies and premier utility providers to leading infrastructure
contractors and some of North America's largest pipeline companies. CTHA's
revenue stream is well diversified between all of these segments. 


Current infrastructure projects include a series of technically difficult
tunnels being constructed at the massive $600 million Calgary International
Airport expansion, while other crews are completing several large diameter
utility crossings under the Trans Canada highway near Banff National Park. In
Saskatchewan, crews are currently working to bring in underground water lines to
one of Canada's largest Potash producers. 


The 3 to 5 year outlook for pipeline construction is especially intriguing. CTHA
is a leader in underground tunnelling for large diameter pipelines. Among
several ongoing projects CTHA is engaged in a three year, long distance pipeline
project which is in its first year of construction. CTHA provides underground
tunnelling at several crossings which cannot be open cut, such as road, highway
and rail crossings. In 2008, the Kinder Morgan Anchor Loop was put into service.
CTHA was selected to perform the tunnelling through the extremely difficult
terrain of Jasper National Park in the Canadian Rockies. Pipeline projects like
these all require the specialized services that CTHA provides. The current
roster of proposed long distance pipelines is at a historic high and Enterprise
believes that the Company is extremely well positioned to benefit from this boom
in pipeline construction.


About Enterprise Group, Inc. 

Enterprise Group, Inc. is a consolidator of construction services companies
operating in the energy, utility and transportation infrastructure industries.
The Company's focus is primarily utility & infrastructure construction and
specialized equipment rental. The Company's strategy is to acquire complementary
service companies in Western Canada, consolidating capital, management and human
resources to support continued growth. Enterprise became a Western Canadian
leader in flameless heat technology in September 2012 with its acquisition of
Artic Therm International Ltd. and has now become a technological leader in
underground infrastructure construction by the closing of Calgary Tunnelling &
Horizontal Augering Ltd.


Forward Looking Information 

Certain statements contained in this news release constitute forward-looking
information. These statements relate to future events or the Company's future
performance. The use of any of the words "could", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are intended to identify forward-looking
information and are based on the Company's current belief or assumptions as to
the outcome and timing of such future events. Actual future results may differ
materially. In particular, statements with respect to the use of proceeds. The
Company's Annual Information Form and other documents filed with securities
regulatory authorities (accessible through the SEDAR website www.sedar.com)
describe the risks, material assumptions and other factors that could influence
actual results and which are incorporated herein by reference. The Company
disclaims any intention or obligation to publicly update or revise any
forward-looking information, whether as a result of new information, future
events or otherwise, except as may be expressly required by applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
First Canadian Capital Corp.
Daniel Boase
416-742-5600
DBoase@firstcanadiancapital.com
145 Front Street East
Toronto, ON. M5A 1E3


Enterprise Group, Inc.
Leonard D. Jaroszuk
President & CEO
780-418-4400


Enterprise Group, Inc.
Desmond O'Kell
Vice President
780-418-4400
contact@EnterpriseGRP.ca
www.EnterpriseGRP.ca

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