Duratek
Columbia, Maryland
December 2003

Bengur Bryan & Co., Inc. advised the Board of Directors of Duratek, Inc. (NASDAQ: DRTK), a leading provider of radioactive materials disposition, in the repurchase of approximately $50 million of Convertible Preferred Stock held by investment partnerships controlled by The Carlyle Group.

Duratek is a leading provider of radioactive materials disposition services and an operator of nuclear facilities primarily in the United States. These services include radioactive and hazardous waste characterization; storage, processing, packaging, transportation, and disposal services; nuclear facility commissioning, operations, and decommissioning; technology and engineering; and on-site environmental remediation services on large government projects.

The Carlyle Group is one of the world’s largest private equity firms, with approximately $30 billion under management. Carlyle manages 31 funds across four investment disciplines (buyouts, venture capital, real estate and leveraged finance) around the world.

In Duratek’s repurchase of preferred stock from Carlyle, Bengur Bryan provided a solvency opinion to the Company’s board of directors.

Read the press release from Duratek.