M&A South 2024 Program Guide by ACG Atlanta

FEBRUARY 5-7

HOTEL AT AVALON & CONFERENCE CENTER

PLATINUM

BADGE

GOLD

DEALMAKER’S LOUNGE

SILVER

RECEPTION

HYDRATION

KEYNOTE

LANYARD

COFFEE

WIRELESS

CONTENT

GELATO

GIVEAWAY

WOMEN'S CHAMPAGNE TOAST

CHARGING

SHOESHINE

PERSONALIZED GIFT

BRONZE

BREAK

OPENING RECEPTION

TABLE OF CONTENTS M&A SOUTH 2024 Chairman’s Welcome. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 A Word from the ACG Atlanta Chairman of the Board. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Executive Committee. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Opportunities for Connecting. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 2024 Conference Agenda. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Platinum Sponsor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Badge Sponsor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Gold Sponsors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Reception Sponsor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Dealmaker’s Lounge Sponsor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Silver Sponsors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Keynote Sponsor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Hydration Sponsor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Lanyard Sponsor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Content Sponsors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Gelato Sponsor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Women’s Champagne Toast. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Coffee Sponsor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Break Sponsor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Shoeshine Sponsor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Giveaway Sponsor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Charging Sponsor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Personalized Gift Sponsors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 Opening Reception Sponsors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37 Bronze Sponsors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Sponsor Directory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 Exhibitors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49 The 2023-2024 ACG Atlanta Board of Directors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 230

M&A SOUTH 2024 CHAIRMAN’S WELCOME Welcome to M&A SOUTH! By participating in the 22nd year of the conference, you are now part of the premier sourcing, networking, and educational event for dealmakers across the Southeastern U.S. The planning committee has been working hard since August to assemble another great conference for the M&A community. We are excited to provide an opportunity for participants and sponsors to both fill their pipelines and sharpen their expertise through speakers, panels, and bite-sized content sessions. Thank you for your attendance and support this year! We are thrilled to be returning to the Hotel at Avalon and Convention Center. This “Sip & Stroll” community allows us to leave the convention center hall and provide meaningful conversations and connections throughout the property. For additional meeting spaces, we have invested in an outdoor tented space to provide attendees with a covered, outdoor gathering space adjacent to the main ballroom. We hope that you were able to join us on January 11th for our preview event with Scott Deviney, CEO of Chicken Salad Chick, and Max Oligario, the Georgia Market Executive at Bank of America. This kickstarted our event and the momentum continues with our outstanding lineup of speakers and thought leaders for this event, including our Keynote Conversation with Dan Corso, John Kristick, and Dale Murphy. During the conference, we will have panels and breakout sessions on key topics including ESG, AI, and our ever-popular Debt Market Update and Deal Trends panel. We encourage you to block these times on your calendar for takeaways for your business and clients. We will open the conference on the afternoon of February 5th with networking and meetings. The Dealmaker’s Lounge and the Exhibit Hall will be open for all attendees. The evening will bring together all conference attendees and sponsors for a wonderful cocktail reception sponsored by NowCFO & Human Interest. Hors d’oeuvres and cocktails will provide a perfect opportunity for networking before heading out for plans the night may hold for you. Tuesday, February 6th will be a packed day! Listening to feedback from prior years, we have a balance of expanded meeting times while still producing relevant and timely content sessions. Our meeting spaces open at 7:00 AM to maximize meeting times. The formal schedule begins at 7:30 AM with our Emerging Leaders Breakfast. Our speaker

will share takeaways for those new to the industry on the importance of building networks and how to generate a book of business. n lieu of a formal Capital Connection and Reverse Capital Connection event, we instead encourage you to schedule the meetings that are most impactful for you. During this time, investment banks and mezzanine capital sources will be exhibitors while the private equity groups, corporate development officers, and other attendees will have the opportunity to obtain insights on prospective deal flow in 2024 and beyond. Our opening session on Tuesday begins at 9:30 AM with a welcome from ACG CEO Brent Baxter, ACG Atlanta, and Platinum sponsor, Bank of America. Our main stage will be filled with a fireside chat with Atlanta Sports Council’s Dan Corso, John Kristick of PlayFly Sports, and Atlanta Braves Legend and Georgia Oak Partners Managing Director Dale Murphy. They will be discussing how the South is winning big in securing major sporting events and what the investment landscape looks like in professional teams, events, and more. Following the Keynote, our set of content highlights what is driving value in the many Franchise deals attendees are seeing, ESG, AI, as well as our annual update M&A Deal Trends and Debt Market Updates. Our panelists and speakers are sure to deliver great information for you to take back to your clients, customers, and portfolio companies. Following the content and meetings, RSM is hosting a twilight reception on the Pool Terrace. Wind down with cocktails and apps before heading out for the evening. On the morning of Wednesday, February 9th, we will have breakfast and ALL exhibitors will have their dedicated meeting tables for the morning to continue meetings until 11:30 AM. We hope that you will spend some time in the evenings at our beautiful venue at Avalon. South City Kitchen, Rumi’s Kitchen, Oak Steakhouse, and Ford Fry’s Superica are some of the best restaurants in the city. Avalon is an open-container community, so feel free to hop around and explore the many wonderful nightlife options the community has to offer. None of this would be possible without our loyal sponsors, many of whom have supported this event for more than a decade. On behalf of the M&A SOUTH Committee and ACG Atlanta, I hope you will find this event a great way to build your pipeline for 2024. Welcome. Laura Shen Chair, M&A SOUTH 2024

A WORD FROM THE ACG ATLANTA CHAIRMAN OF THE BOARD Welcome! Thank you for attending the 22nd annual M&A South conference. The ACG Atlanta Board of Directors, 2024 M&A South Chair Laura Shen, and I look forward to hearing about your experience at the premier dealmaking conference in the South. We expect you’ll come away with new business opportunities and valuable additions to your professional networks. We also imagine you’ll enjoy the Southern hospitality onsite at Avalon. ACG’s global mission is to drive middle-market growth. Our organization is comprised of more than 14,500 global members, and Atlanta is one of the largest chapters. We consistently hear that the M&A South conference is an essential start to each New Year. It serves as a key connection point for the local and national deal-making community, with deal professionals traveling to Atlanta from throughout the United States. We hear stories every year of the positive impact the relationships built at this conference have on our attendees’ business prospects and careers, and it’s my hope that this year’s conference delivers that for you again. M&A South is one of many opportunities for ACG Atlanta members to network with the “Who’s Who” of the Atlanta business community. With a membership comprised of corporate leaders, investors, and advisors that serve the middle market, the benefits of exchanging ideas, opportunities, and growth strategies with decision-makers abound. For example, our Pathways series fosters information sharing, education, inclusion, and access among minority groups in the middle market. We host signature events such as the ACG Atlanta Georgia Fast 40 Celebration, honoring Georgia’s 40 Fastest-Growing Companies, and the Taste of ACG Atlanta, which offers networking with wine and food from some of Atlanta’s best purveyors. We are even adding a new event this year, the INAUGURAL Atlanta DealSource at Truist Park prior to the Braves-Mets game on September 24th. If you’re not already a member of ACG Atlanta, we ask that you consider joining, attending our events throughout the year, and volunteering on a committee. We cannot host such amazing events without the tremendous work performed by our chapter leaders and volunteers. Thank you again for attending M&A South. Please enjoy your time in Atlanta and have an amazing 2024. Very truly yours, Colby Schwartz Chair of the Board, ACG Atlanta

FOR INFORMATION ABOUT ACG ATLANTA, PLEASE CONTACT: MEG WILLIAMS

Executive Director

404.846.4455 x1 | acgatlanta@acg.org

COMMITTEE CHAIR: LAURA SHEN Affordable Equity Partners

COMMITTEE MEMBERS: CHASE CARROLL Warren Averett

BROOKS MORRIS CRESA

GEOFF COAR New State Capital Partners

STERLING MORRIS Equifax

BLAKE GODDARD Synovus

GINY MULLINS Linx Partners

JASON GOODE Alston & Bird

RETT PEADEN Smith Gambrell & Russell

ANTHONY HAUSER MSouth Capital

ELIO RECCHIA Hays

REESE HENSON Citizens Bank

COLBY SCHWARTZ Fifth Third Securities

STEVE HUNTER TM Capital Corp.

JESSE SPELTZ Cabretta Capital

JOHN KAHN CFGI

STEVE TYE Croft & Bender

VIRGINIA KISELJACK PNC Business Credit

DONTE VAUGHN LightPoint Advisors

PATRICK LANE USI Insurance JOHN MCCARTY Star Mountain Capital CARDELL MCKINSTRY Aprio SUE MILLER Bank of America

ACG ATLANTA STAFF: MEG WILLIAMS Executive Director GLORIA KANTOR Vice President – Operations (Atlanta & South Region) COLIN BLOUIN Chapter Manager

OPPORTUNITIES FOR CONNECTING We are excited to return to the Hotel at Avalon and Conference Center. Attendees have the opportunity to meet with each other via one-on-one meeting and visiting with our Exhibitors and Sponsors during the event.

Stop by the Deamaker’s Lounge SPONSORED BY

by Registration or connect with attendees in the Outdoor Tent off the ballroom.

WiFi Network Name:

WiFi Network Password:

“Avalon_Conference”

“frazierdeeter”

WIRELESS SPONSOR Make sure to check out the welcome video from

2024 CONFERENCE AGENDA

**PLEASE NOTE ALL TIMES ARE EASTERN STANDARD TIME**

MONDAY, FEBRUARY 5 11:00 AM – 12:00 PM • Roundtable led by GF Data (by invitation only) Location: Brady 1:00 PM-6:00 PM • Registration Open Location: Pre-Function 2:15 PM – 3:15 PM • Corporate Development Roundtable (by invitation only) Location: Brady 3:00 PM – 5:30 PM • Dealmaker’s Lounge Open (sponsored by Smith, Gambrell, & Russell) • Meeting & Exhibitor Spaces Open Location: Skelton/Teasley 3:00 PM – 4:30 PM • Sparkling Connections: ACG Women’s Networking event (sponsored by Windham Brannon) Location: Hagood 4:30 PM-6:30 PM • Opening Reception (sponsored by NOW CFO & Human Interest)

TUESDAY, FEBRUARY 6 7:00 AM-5:00 PM • • • •

Registration Open Meeting & Exhibitor Spaces Open Breakfast Buffet until 8:30 Dealmaker’s Lounge Open (sponsored by Smith, Gambrell, & Russell)

7:30 AM-9:00 AM • Emerging Leaders Breakfast Location: South City Kitchen 9:30 AM-11:00 AM • Opening Session featuring the Keynote Presentation: The Business of Sports: How the South is Scoring BIG! (sponsored by Georgia Oak Partners) Location: Trammel Devore Dodd

11:15 AM-12:15 PM • Micro-Learning Sessions Location: Brady • Deal Stories in the Franchising space (sponsored by Fifth Third) • Back to Basics in the Age of AI (sponsored by PwC) • ESOP’s: The Good, The Bad, and The Ugly (Presented by Warren Averett) 12:00 PM-1:00 PM • Lunch 1:00 PM-2:00 PM • Panel Session - Opportunities & Optimism: M&A Deal Trends (sponsored by Eversheds Sutherland) Location: Trammel Devore Dodd 2:00 PM-3:00 PM • Micro-Learning Sessions Location: Brady • Novel Ways ESG Identifies Risk during M&A Diligence (sponsored by Withum) • Emerging Therapies and the Pharma Landscape: The Growing Financial Risk for Employers (sponsored by Marsh McClennan Agency) • Your Deal Has Closed....Now What? (presented by Aprio) 3:00 PM-4:00 PM • Panel Session - Annual M&A South Debt Market Update (sponsored by Troutman Pepper) Location: Trammel Devore Dodd 4:30 PM-6:30 PM • Evening Reception: Twinkling on the Terrace (Sponsored by RSM US LLP) Location: Pool Terrace (weather permitting) • Tuesday Evening - Private Dinners and events

WEDNESDAY, FEBRUARY 7 7:00 AM-10:00 AM • Registration Open • Dealmaker’s Lounge Open (sponsored by Smith, Gambrell, & Russell) 7:00 AM-11:30 AM • Meeting spaces will be open 8:00 AM-10:00 AM • TAG (Technology Association of GA) Corp Dev Society Breakfast (separate registration required)

PLATINUM SPONSOR

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Start the conversation business.bofa.com

“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. Investment products offered by Investment Banking Affiliates:

Are Not FDIC Insured

Are Not Bank Guaranteed

May Lose Value

BADGE SPONSOR

GOLD SPONSORS

ADVISORY SERVICES Appraisal & Valuation Services Compliance, Risk & Resilience Forensic Accounting & Litigation Support Interim Management & Executive Search Operations Management Services Restructuring & Turnaround Management Transaction Support INVESTMENT BANKING

CAPITALIZE

Capital Markets

ON THE B. RILEY

Restructuring & Recapitalization

Mergers & Acquisitions Equity Research Sales & Trading

DIFFERENCE

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www.brileyfin.com | NASDAQ:RILY

SELL-SIDE SERVICES

BUY-SIDE SERVICES

• • • • • • • • •

• • • •

Quality of Earnings Tax due diligence General consulting Tax structuring of deals Working capital target peg Debt-like analysis Helping management with buy-side diligence Internal and external outsourced CFO services Buyer/Seller dispute resolution for working capital/earnouts

CRI ATLANTA 4004 Summit Blvd NE, Ste 800 Atlanta, GA 30319 770.394.8000

WHOLESALE & INDUSTRIAL SOLUTIONS

Carr, Riggs & Ingram | Top 25 CPA Firm | CRIcpa.com

• • • •

Quality of Earnings Tax due diligence Working capital target peg and true-up Purchase price allocation and other valuation services Business combination accounting Target accounting integration Internal and external outsourced CFO services Buyer/seller dispute resolution for working capital/earnouts

WANT TO LEARN MORE? scan the QR code or visit: cricpa.com/service/transaction-advisory-services

The bank that helps your business get there. Wherever your potential awaits, move towards it with a bank you trust.

Learn more at synovus.com/GetThere Synovus Bank, Member FDIC.

SAVE THE DATE FOR SEPT TBD

RECEPTION SPONSOR Thinking about your business is a big part of ours. PUT OUR TAILORED INSIGHTS TO WORK FOR YOU. To make confident decisions about the future, middle market leaders need a different kind of advisor. One who starts by understanding where you want to go and then brings the ideas and insights of an experienced global team to help get you there. Experience the power of being understood. Experience RSM. rsmus.com

RSM US LLP is the U.S. member firm of RSM International, a global network of independent audit, tax and consulting firms. Visit rsmus.com/aboutus for more information regarding RSM US LLP and RSM International.

ACCELERATE THE GROWTH OF

YOUR NETWORK

DealMAX is the premier conference for middle-market M&A, bringing together the entire middle-market community for three days of efficient dealmaking, idea-sharing, and maximizing M&A success.

Valuable deal flow is just a connection away.

DEALMAKER’S LOUNGE SPONSOR Smith Gambrell Russell is proud to support

M&A SOUTH 2024

SILVER SPONSORS

Experience a smoother path to value. Successful transactions require a true understanding of your goals and an independent perspective throughout the process. From pre-deal strategy through closing and post-transaction realization, Aprio advisors use a holistic approach. We go beyond routine financial, tax and information technology due diligence to limit risk and ensure a more efficient transaction process that creates lasting shareholder value.

For more information, contact: Michael Levy

Cardell McKinstry

Partner-in-Charge, Private Equity Services

Partner, Private Equity Services

michael.levy@aprio.com

cardell.mckinstry@aprio.com

770.353.7168

770.353.2760

Learn more at Aprio.com

NEED TO CAPITALIZE ON OPPORTUNITY THROUGH ACQUISITION?

DONE DEAL. _

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JUNIOR SECURED LENDING

TECHNOLOGY FINANCE

RETAIL FINANCE

PNC is a registered mark of The PNC Financial Services Group, Inc. (“PNC”). Lending products and services are provided by PNC Bank, National Association (“PNC Bank”), a wholly-owned subsidiary of PNC and Member FDIC. Asset–based lending is provided by PNC Business Credit, a senior secured lending division of PNC Bank, and its subsidiaries. In Canada, the Canadian federally regulated branch of PNC Bank, PNC Bank Canada Branch provides various bank products and services. Deposits with PNC Bank Canada Branch are not insured by The Canada Deposit Insurance Corporation or by the United States Federal Deposit Insurance Corporation. In the UK, lending products are provided by PNC Financial Services UK Ltd., which is an indirect wholly-owned subsidiary of PNC Bank. Lending and leasing products and services, as well as certain other banking products and services, require credit approval. ©2023 The PNC Financial Services Group, Inc. All rights reserved.

CIB BC PDF 0519-0162-1260402 20

KEYNOTE SPONSOR ROOTED LOCALLY CONNECTED GLOBALLY

Georgia Oak makes equity investments in Southeast-based founder- and family-owned companies

VALUE CREATION We have a deep bench of seasoned leaders and sector-specific experts to help drive sustainable growth through strategy, operations, finance, sales, marketing, and leadership.

CHAMPIONING GROWTH TRANSACTION SIZES EBITDA: $2 TO $15 million Equity Investment: $50 million+ Enterprise Value: $100 million+

2023 Georgia Oak Partners

Managing Director & Braves Legend Dale Murphy utilizes his experience building a lasting legacy to drive our partners’ success through leadership development and personal excellence coaching. info@gaoak.com

georgiaoak.com

HYDRATION SPONSOR WHY PARTNER WITH WARREN AVERETT? • PRIORITIZATION – we focus on deal killers • CUSTOMIZATION – a cookie-cutter approach is never an option (we even offer deal sourcing) • COMMUNICATION – proactive and consistent

Hanny.Akl@ warrenaverett.com 205.769.3306

Matt.Goldin@ warrenaverett.com 770.393.6387

Daniel.Valle@ warrenaverett.com 205.769.3345

Alabama | Florida | Georgia | www.warrenaverett.com

LANYARD SPONSOR Helping you prepare for what’s next. We look ahead to anticipate your challenges and needs. Discover how our experienced professionals can help you drive your business forward.

ASSURANCE

TA X

C O N S U LT I N G

forvis.com FORVIS is a trademark of FORVIS, LLP, registered with the U.S. Patent and Trademark Office.

CONTENT SPONSORS

Focused on your needs Local knowledge. Global reach. Nationally ranked in the 2023 US News-Best Lawyers “Best Law Firms” in the areas of “Mergers & Acquisitions Law” and “Corporate Law”

Fifth Third Bank proudly sponsors ACG Atlanta M&A South.

Ranked Top 20 for Global M&A by MergerMarket From 2021-2022, we acted for: – 77 of the US Fortune 100 – 129 of the US Fortune 200 – 68 of the FTSE 100

eversheds-sutherland.com

Member FINRA/SIPC, registered with the U.S. Securities and Exchange Commission (SEC).

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Focus on your business, not your books.

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We know deals. Every day, our 200+ corporate attorneys across 23 offices handle complex transactions in all industry sectors.

Learn more at: bookkeepingconnect.pwc.com

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Driving Value Through the Lifecycle of an M&A Deal Every deal is different. Our industry focused approach and broad advisory capabilities place us in a unique position to advise our private equity, strategic and other clients to maximize value from transactions.

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1/3/2024 3:49:57 PM

troutman.com Troutman Pepper Hamilton Sanders LLP

Applications are open! $15M+ in Revenue HQ’d in Georgia

Apply before March 31 for the

Georgia Fast 40 Honoree Celebration acg.org/atlanta/acgatlantafast40.aspx

GELATO SPONSOR Your growth. Your Cadence. You’re Moving at Your Own Pace. We’re With You at Every Step. The bigger the business, the faster the pace. More payments. More transactions. More to manage. More to think about. At Cadence, we’ve got the scale and sophistication to keep up with you. Our dynamic, secure technology platform was built for business, and it's backed by a commercial banking team focused on you. Our approach to relationships is what makes us your bank. #yourcadence

Visit or call us today to find out how we can help you achieve your potential.

WOMEN’S CHAMPAGNE TOAST Confidence and Success in Every Deal We bring an insightful and proactive approach to each transaction.

FINANCIAL DUE DILIGENCE

M&A TAX PLANNING

VALUATION SERVICES

DATA ANALYTICS

COFFEE SPONSOR

BREAK SPONSOR With 12 offices across the country and over 700+ advisory experts, Riveron partners with our clients and their stakeholders to elevate performance and expand possibilities across the transaction and business lifecycle.

FINANCE ACCOUNTING TECHNOLOGY OPERATIONS

Riveron is a proud sponsor of 2024 ACG M&A South

MEET THE TEAM

Jonathan Ford

Sasha Morozova

Stephen Potter

Senior Managing Director jonathan.ford@riveron.com Segment LeaderBusiness Transformation

Office Managing Director sasha.morozova@riveron.com Accounting Advisory

Managing Director stephen.potter@riveron.com Transaction Services

Kshipra Pitre

David Anders

Kevin Dudiak

Managing Director kshipra.pitre@riveron.com Business Transformation

Managing Director david.anders@riveron.com Tax

Managing Director kevin.dudiak@riveron.com Business Transformation

SHOESHINE SPONSOR

Buy-Side. Sell-Side. Your Side.

With more than 40 years of experience in buy- and sell-side services, partnering with Moore Colson supports your business’ success with a comprehensive suite of services that goes beyond transactions. MooreColson.com/TransactionServices 32

GIVEAWAY SPONSOR

Partners to Help Private Equity Accelerate Growth. Our Growth Pros Deliver Value Creation and Execution Plans That Accelerate and Enable Effective Transformation.

FINANCE • ACCOUNTING • HUMAN RESOURCES Interim, Fractional & Advisory Services

growthoperators.com

CHARGING SPONSOR

PERSONALIZED GIFT SPONSORS

Insurance with more confidence. Less confusion. Insurance can be overwhelming. It helps to work with passionate problem solvers who love to make things a little easier. At McGriff we have the experience, knowledge, and drive to solve the most complicated insurance, risk management and employee benefit challenges. We listen, guide and customize according to your needs. You deserve the highest level of attention, the deepest commitment to excellence. Never settle for less.

Visit McGriff.com or contact: Paul Zederbaum

Andrew Belisle

SVP, Practice Leader Private Equity Risk Advisors 917-902-5023 Paul.Zederbaum@McGriff.com

SVP, M&A Transaction Insurance Practice 239-848-8824 Andrew.Belisle@McGriff.com

Tr uist C o r po r a te T r ust a nd Esc ro w Ser v ices Simplify and streamline your M&A escrow management.

At Truist Corporate Trust & Escrow Services, our team of escrow specialists brings a depth of knowledge and insights that span a wide range of escrow needs. We deliver a seamless experience with a dedicated single point of contact, rapid turnaround time, and overall responsive end-to-end escrow services. To learn more about how we can support your transaction, contact: Deb Spitale | Senior Vice President | deb.spitale@truist.com

truist.com/CTES Truist Wealth is a name used by Truist Financial Corporation and affiliates. Banking products and services, including loans, deposit accounts, trust and investment management services provided by Truist Bank, Member FDIC. Securities, brokerage accounts, insurance/annuities offered by Truist Investment Services, Inc. member FINRA, SIPC, and a licensed insurance agency where applicable. Life insurance products offered by referral to Truist Insurance Holdings, Inc. and affiliates. Investment advisory services offered by Truist Advisory Services, Inc., Sterling Capital Management, LLC, and affiliated SEC registered investment advisers. Sterling Capital Funds advised by Sterling Capital Management, LLC. ©2022 Truist Financial Corporation. Truist, Truist Purple, and the Truist logo are service marks of Truist Financial Corporation.

OPENING RECEPTION SPONSORS

Elevate Your M&A Success Expert Due Diligence Financial Excellence

NATIONAL COVERAGE, LOCAL PRESENCE. 20+ STATES | 50+ CITIES

1/2 PAGE DEAL SCHOOL AD TBD

BRONZE SPONSORS

Specialty Manufacturing Energy Health Care Timber Food Processing Chemicals Pharmaceuticals Banking Specialty Software Consumer Products and Services Adams and Reese is an Am Law 200 firm with more than 300 attorneys and advisors strategically located in 20 offices across 10 states and Washington, DC. The focus of our Mergers & Acquisitions and Financing Practices is the middle market. We regularly represent strategic and financial market participants in acquisitions, dispositions, equity and debt offerings, and financing transactions ranging from $10 million to more than $1 billion.

When the strength of a traditional agency isn’t enough, your portfolio companies need an Alloy.

Office Locations Other Bar Admissions

Marketing solutions that supercharge value creation.

alloycrew.com

FILL TALENT GAPS IN AS LITTLE AS 48 HOURS. ACCESS 4,000+ ON-SHORE CPA PROFESSIONALS. PRE-VETTED AND ON DEMAND.

“This deal looks better every day.” People who know M&A, know BDO. Amish Patel Transaction Advisory Services Managing Director adpatel@bdo.com BDO USA, P.C. 1180 Peachtree St. N.E., Suite 1950 Atlanta, GA 30309

Why work with us? FLEX UP FOR TECHNICAL PROJECTS

BOOST EFFICIENCY

ONBOARD BIG-4 TALENT

We are a nationwide, scalable staffing solution that connects firms with top, on-shore talent.

Trusted by Top Firms Since 2014

Private Equity | Family Office | M&A

Cherry Bekaert is

Proud to Support

ACG M&A South Advisors with Your Growth in Mind

Brown & Brown’s Specialty Risk Solutions team creates value beyond placing your insurance. Delivering integrated solutions to both strategic acquirers and financial sponsors, our team provides you with the specialized skills, experience and knowledge required to keep your transaction on track. BBrown.com

Jackson.Bender@BBrown.com | 404.354.9894 Joe.Ehrlich@BBrown.com | 646.358.8536

No matter where you want to take your business, you need a resourceful and innovative partner to steer you in the right direction. Let Cherry Bekaert guide you forward to your growth destination. Luis Reyes, CPA Regional Market Leader - Southeast luis.reyes@cbh.com 404.209.0954 ADVISORY | ASSURANCE | TAX

cbh.com

Beecher Carlson Insurance Services, LLC

From your vision To your reality

Beyond space We find and foster the best environment for every business More than square feet. This is potential unleashed. Where our vision of each client’s business helps them knock down barriers and be open to solutions they never imagined. As long-term partners, we’re uniquely equipped to be responsive without being reactive. And find gains in the longer game. After all, there should never be a ceiling on what’s possible.

Andy Roberts 404.446.1866 aroberts@cresa.com

Brooks Morris 424.400.9554 bmorris@cresa.com

Cresa is the world’s only global commercial real estate advisory firm that exclusively represents occupiers and specializes in the delivery of fully integrated real estate solutions, delivered across every industry. In partnership with London-based Knight Frank, Cresa provides service through 16,000 people, across 380 offices in 51 territories.

www.cresa.com

• Fast • Comprehensive • Effective

Go Further, Faster. Fulcrum is a growth equity firm that gives B2B software and healthcare entrepreneurs both the capital and the hands-on help they need to take their companies further, faster.

Discover the largest & most varied middle-market portfolio in the industry We ensure every privately-held business we work with is buyer ready, complete with detailed, extensive documentation and represented by an experienced dealmaker.

Our Approach The Right Experience

The Right Support

The Right Relationship

From partners that have done it before to an ecosystem of expert advisors and investors with significant operating experience.

For everything from high-level growth strategies to tactical best practices across all areas of business operations.

With someone who always has your back and provides the right level of support and autonomy.

Let’s do this right

Investment Criteria We invest $5-30M of equity in minority and majority growth opportunities.

Hear from our CEOs on our website: dealforce.com

is proud to sponsor

M&A SOUTH 2024

CUT THE COMPLEXITY. NAIL THE POSITIONING. SAY IT LIKE A HUMAN. YOUR TRUSTED FINANCIAL PARTNER SINCE 1938

Your vision. Our expertise. At Plante Moran, we believe every challenge inspires the next great idea, and a true partner doesn’t settle for the same but pursues what’s possible. See how our national private equity experts can help.

Supply chain delays. Port strikes. Regulatory challenges. Inﬂation. It’s a jungle out there.

Your one-stop solution to all your financing and credit needs. ASSET BASED LENDING

43plantemoran.com/privateequity

FACTORING

PURCHASE ORDER FINANCING

Visit the difference at Rosenthalinc.com

We connect the Sources. You discover the deals. See more opportunities and win more often with the only sources-first deal sourcing platform powered by AI, Experts, and 150,000 connected Sources.

^ĂƉůŝŶŐ &ŝŶĂŶĐŝĂů ŽŶƐƵůƚĂŶƚƐ ŝƐ Ă ĐŽŶƐƵůƚĂŶĐǇ ĨŽƵŶĚĞĚ ŝŶ ϮϬϭϱ͘ KƵƌ ĞŶƚŝƌĞ ƚĞĂŵ ŽƉĞƌĂƚĞƐ ŽƵƚ ŽĨ ŽƵƌ dŽƌŽŶƚŽ ŚĞĂĚƋƵĂƌƚĞƌƐ͘ tĞ ƐƉĞĐŝĂůŝǌĞ ŝŶ ĨŝŶĂŶĐŝĂů ŵŽĚĞůůŝŶŐ͕ ĚĂƚĂ ĂŶĂůǇƚŝĐƐ͕ ĂŶĚ ĚƵĞ ĚŝůŝŐĞŶĐĞ ƐĞƌǀŝĐĞƐ ĨŽƌ ƉƌŝǀĂƚĞ ĞƋƵŝƚǇ ĨŝƌŵƐ ĂŶĚ ŵŝĚͲŵĂƌŬĞƚ ďƵƐŝŶĞƐƐĞƐ͕ ůĞǀĞƌĂŐŝŶŐ ŽƵƌ ĚŝƐƚŝŶĐƚŝǀĞ ĐŽŵďŝŶĂƚŝŽŶ ŽĨ ĨŝŶĂŶĐŝĂů ĞǆƉĞƌƚŝƐĞ ĂŶĚ ĚĂƚĂ ĂŶĂůǇƚŝĐƐ ĐĂƉĂďŝůŝƚŝĞƐ͘

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Ͳ WŽǁĞƌ / ĂƐŚďŽĂƌĚŝŶŐ Ͳ ƵƚŽŵĂƚŝŽŶ Ͳ ǆĐĞůͲZĞƉŽƌƚŝŶŐ WĂĐŬ

Ͳ /ŶǀĞƐƚŽƌ ZĞůĂƚŝŽŶƐ Ͳ /ŶƚĞƌŝŵ &WΘ

Stop by Booth J12 ǁǁǁ͘ƐĂƉůŝŶŐĨŝŶĂŶĐŝĂů͘ĐŽŵ ͮ ŝŶĨŽΛƐĂƉůŝŶŐĨŝŶĂŶĐŝĂů͘ĐŽŵ ͮ нϭ ;ϰϭϲͿ ϲϮϱ Ͳ Ϯϲϯϯ

Strength. Stability. Service.

We’re now serving Atlanta with middle market banking solutions that deliver bottom-line results.

Discover how a relationship with TD can drive your business forward. Nate Barrett Atlanta Head of Middle Market nate.barrett@td.com tdbank.com/commercialbanking Member FDIC | TD Bank, N.A.

M&A Advisory

Sell-side and Buy-side

Capital Raising

Growth Capital, Liquidity and Refinancing

Financial & Strategic Advisory Board & Special Committee

Advice, Spin-offs and Carve-outs

Boutique mindset. Bespoke strategies. VRA is a boutique investment bank committed to providing M&A, capital raising and strategic advisory services to business owners and executive teams interested in achieving new levels of growth or navigating key periods of transition.

600+

Completed Transactions

$50+B

Transaction Value

15+yrs Together

DOUG MCCARTNEY, Managing Director 404 835 1006 dmccartney@vrapartners.com

SPONSOR DIRECTORY

Atlanta ACG M&A SOUTH 2024 SPONSOR DIRECTORY Adams and Reese, LLP 3424 Peachtree Road NE Suite 1600 Atlanta, GA 30326 USA https://www.adamsandreese.com/ Alloy 976 Brady Ave NW Suite 100 Atlanta, GA 30318 USA https://www.alloycrew.com Aprio 2002 Summit Boulevard Suite 120 Atlanta, GA 30319 USA https://www.aprio.com/ B. Riley Advisory Services 3445 Peachtree Rd Suite 1225 Atlanta, GA 30326 USA https://brileyfin.com/ Bank of America 3455 Peachtree Rd NE 12th Floor Atlanta, GA 30326 USA https://www.bankofamerica.com/ BDO 1100 Peachtree Street NE Suite 700 Atlanta, GA 30309 USA https://www.bdo.com/ Beech Valley Solutions 834 Inman Vlg Pkwy NE STE 230 Atlanta, GA 30307 USA https://beechvalley.com/ Brown & Brown 6 Concourse Pkwy Ste 2300 Atlanta, GA 30328 USA https://www.bbinsurance.com/ Cadence Bank 999 Peachtree St NE Suite 2600 Atlanta, GA 30309 USA https://cadencebank.com/ Carr Riggs & Ingram 4004 Summit Boulevard NE Suite 800 Atlanta, GA 30319 USA https://cricpa.com/

Cherry Bekaert 1075 Peachtree St NE Atlanta, GA 30309 USA https://www.cbh.com/ CIBC Bank US The Forum at West Paces 3290 Northside Parkway NW 7th Floor Atlanta, GA 30327 USA https://us.cibc.com/en/home.html Citizens M&A Advisory 3550 Lenox Road NE Three Alliance Center Suite 1200 Atlanta, GA 30326 USA https://www.citizensbank.com/ homepage.aspx Cresa 100 Galleria Parkway Suite 200 Atlanta, GA 30339 USA https://www.cresa.com/ Croft & Bender 4401 Northside Pkwy Suite 395 Atlanta, GA 30327 USA https://www.croft-bender.com/ Eversheds Sutherland 999 Peachtree Street Northeast Atlanta, GA 30309 USA https://www.eversheds-sutherland.com/ en/united-states Fifth Third Bank 3344 Peachtree Road NE Suite 900 Atlanta, GA 30326 USA https://www.53.com/content/fifth-third/ en.html FORVIS 191 Peachtree Street NE Suite 2700 Atlanta, GA 30303 USA https://www.forvis.com/about-us/ locations/atlanta-ga Frazier & Deeter 1230 Peachtree Street Suite 1500 Atlanta, GA 30309 USA https://www.frazierdeeter.com/

Fulcrum Equity Partners 5555 Glenridge Connector Suite 930 Atlanta, GA 30342 USA https://www.fulcrumep.com/ Generational Group 3400 N. Central Expy Suite 100 Richardson, TX 75080 USA https://www.generational.com/ Georgia Oak Partners 75 14th St NE Suite 2150 Atlanta, GA 30930 USA https://www.georgiaoak.com/ Great Rock Capital Partners 3348 Peachtree Road NE Suite 725 Atlanta, GA 30326 USA https://www.greatrockcapital.com/ Growth Operators 800 Lasalle Avenue Suite 1620 Minneapolis, MN 55402 USA https://growthoperators.com/ Human Interest 655 Montgomery St Suite 1800 San Francisco, CA 94111 USA https://humaninterest.com/ Linq 1904 1st Avenue North Suite 200 Birmingham, AL 35203 USA https://buy.linqapp.com/ Marsh & McLennan 5555 Glenridge Highlands One Sandy Springs, GA 30342 USA https://www.marshmma.com/ McGriff 3400 Overton Park Drive Suite 300 Atlanta, GA 30339 USA https://www.mcgriff.com/ Montrose Environmental Group 3525 Piedmont Road NE Building Six Suite 520 Atlanta, GA 30305 USA https://montrose-env.com/

Atlanta ACG M&A SOUTH 2024 SPONSOR DIRECTORY Moore Colson 600 Galleria Parkway SE Suite 600 Atlanta, GA 30339 USA https://moorecolson.com/ NOW CFO 5211 Peachtree Blvd Atlanta, GA 30341 USA https://www.nowcfo.com/ Nperspective CFO & Strategic Services 941 W. Morse Blvd. Suite 100 Winter Park, FL 32789 USA https://www.nperspective.com/ PeachPBO 10 Glenlake Parkway South Tower Suite 130 Atlanta, GA 30328 USA https://www.peachbpo.com/ PitchMaps 400 Galleria Parkway Suite 1500 Atlanta, GA 30339 USA https://pitchmaps.com/ Plante Moran 300 Town Center Suite 100 Southfield, MI 48075 USA https://www.plantemoran.com/ PNC Business Credit 1075 Peachtree Street NE Suite 1900 Atlanta, GA 30309 USA https://www.pnc.com/en/corporate-andinstitutional.html PwC 300 Madison Avenue New York, NY 10017 USA https://www.pwc.com/us/en.html Riveron Consulting 3414 Peachtree Rd NE Suite 850 Atlanta, GA 30326 USA https://riveron.com/ Rosenthal & Rosenthal , Inc. 3379 Peachtree Road Northeast Suite 330 Atlanta, GA 30326 USA https://www.rosenthalinc.com/

RSM LLP One Atlantic Center 1201 West Peachtree Street NW Suite 800 Atlanta, GA 30309 USA https://rsmus.com/ S&P Global 55 Water Street New York, NY 10041 USA https://www.spglobal.com/en/ Sapling Financial Consultants Inc 100 Sheppard Avenue East Suite 860 Toronto, ON M2N 6N5 Canada https://www.saplingfinancial.com/v3/ Silverview Credit Partners 100 South Ashley Drive Suite 600 Tampa, FL 33602 USA https://www.silverviewcredit.com/ Smith, Gambrell & Russell, LLP 1105 W. Peachtree St. NE Suite 1000 Atlanta, GA 30309 USA https://www.sgrlaw.com/ Sourcescrub 115 Sansome Street Suite 1200 San Francisco, CA 94104 USA https://www.sourcescrub.com/ Star Mountain Capital 140 East 45th Street 37th Floor New York, NY 10017 USA https://starmountaincapital.com/ StempleCrites LLC 1440 Dutch Valley Place Suite 730 Atlanta, GA 30324 USA https://www.stemplecrites.com/ Synovus Bank 3400 Overton Park Dr SE 6th Floor Atlanta, GA 30339 USA https://www.synovus.com/

TriNet 3343 Peachtree Road NE Suite 550 Atlanta, GA 30326 https://www.trinet.com/ Troutman Pepper 600 Peachtree Street N.E. Suite 3000 Atlanta, GA 30308 USA https://www.troutman.com/offices/ atlanta.html Truist 303 Peachtree Street NE 31st Floor Atlanta, GA 30308 USA https://www.truist.com/commercialcorporate-institutional/strategic-advice/ trust-escrow-services Valuation Research Corporation 3344 Peachtree Road NE Suite 800 Atlanta, Georgia 30326 USA https://www.valuationresearch.com/ VRA Partners 3630 Peachtree Road NE Atlanta, GA 30326 USA https://vrapartners.com/ Warren Averett 6 Concourse Parkway Suite 600 Atlanta, GA 30328 USA https://warrenaverett.com/ Windham Brannon 3630 Peachtree Rd NE Suite 600 Atlanta, GA 30326 https://windhambrannon.com/ Withum 500 Carnegie Center Suite 400 Princeton, NJ 08540 https://www.withum.com/

TD Bank 104 S. Main Street Greenville, SC 29601 USA https://www.td.com/us/en/personalbanking

P R E S E N T E D BY

M&A SOUTH 2024 Investor Profile Report PROFILES RECEIVED BEFORE 1/19/2024

Glossary Business Description: A description of the firm’s primary type, preferences and location. PitchBook is an impartial information provider and will remove promotional language.

All investments by industry: Graph of transactions by industry, represented in the PitchBook Platform. This breakdown is based on primary industries of the portfolio/serviced companies.

Assets under management (AUM): The amount of money that the investor manages for clients based on number of currently-managed funds.

Specific to Lender Profiles Total debt financings: The number of entities identified by PitchBook that received debt financing from the firm in the last five years.

Active private equity investments: The number of active companies in the investor’s current portfolio identified by PitchBook in the last five years. This includes add-on transactions.

Target debt financing amount: Preferred amount of debt typically provided by the firm in a transaction.

Specific to Service Provider Profiles

Total private equity investments: The total number of companies in the investor’s portfolio, identified by PitchBook in the last five years. This includes add-on transactions.

Total transactions: The number of transactions identified by PitchBook that the firm has provided service on in the last five years.

Target EBITDA: Preferred EDITDA range targeted for investment.

Total companies serviced: The number of unique companies the firm has provided service to in the last five years, identified by PitchBook.

Target revenue: Preferred revenue range targeted for investment. Preferred investment amount: Preferred investment amount range that the firm typically invests in a transaction.

Total investors serviced: The number of unique investors identified by PitchBook that the firm has provided service to in the last five years.

Recently closed investments: The top five recent investments or transactions serviced identified by PitchBook.

Target EBITDA: The EBITDA range for buy-side and sell-side target companies.

Most recent closed fund (Type, Size, Vintage): The most recently closed fund (The fund is no longer in a fundraising state and is not accepting additional commitments) identified by PitchBook. Evergreen funds are not included.

Target transaction amount: The transaction amount range for buy-side and sell-side companies. Disclaimer: This information is currently published in the PitchBook Platform or was provided by the firm for this conference.

EXHIBITOR

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EXHIBITOR

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Adams & Reese . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52

Configure Partners, LLC. . . . . . . . . . . . . . . . . . . . . . . . 96

Advanced Development Services. . . . . . . . . . . . . . . . 53

Copper Run Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . 97

Advantage Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54

CRESA. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 98

Alpine Investors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55

Croft & Bender LP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 99

Aprio (Fmrly HAW). . . . . . . . . . . . . . . . . . . . . . . . . . . . . 56

Crossplane Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . 100

ArchStar Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57

DA Davidson. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101

Arcline Investment Management. . . . . . . . . . . . . . . . . 58

De NES Partners, LLC. . . . . . . . . . . . . . . . . . . . . . . . . 102

Artemis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59

Deerpath Capital Management . . . . . . . . . . . . . . . . . 103

Avance Investment Management . . . . . . . . . . . . . . . . 60

Dinan & Company Buy Side . . . . . . . . . . . . . . . . . . . . 104

Azalea Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 61

Dinan & Company Sell Side . . . . . . . . . . . . . . . . . . . . 105

B Riley Financial. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 62

Dominus Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 106

Bay Point Advisors. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 63

Duke Royalty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107

BDO. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 64

Eagle Merchant Partners . . . . . . . . . . . . . . . . . . . . . . 108

Beech Valley Solutions. . . . . . . . . . . . . . . . . . . . . . . . . 65

EBSCO Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109

Berkley Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66

Eversheds Sutherland . . . . . . . . . . . . . . . . . . . . . . . . . 110

Bessemer Investors. . . . . . . . . . . . . . . . . . . . . . . . . . . . 67

Fidus Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111

BlackArch Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . 68

Fifth Third. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112

Blue Point Capital Partners. . . . . . . . . . . . . . . . . . . . . . 69

FORVIS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 113

Blue Sea Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70

Frazier & Deeter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 114

Bluehenge Capital Partners. . . . . . . . . . . . . . . . . . . . . 71

Freeman Spogli & Co.. . . . . . . . . . . . . . . . . . . . . . . . . . 115

Bow River Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72

Gallant Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116

Boyne Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 73

Gauge Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 117

Bravaldo Capital Advisors. . . . . . . . . . . . . . . . . . . . . . . 74

Gemspring Capital, LLC . . . . . . . . . . . . . . . . . . . . . . . . 118

Broad Sky Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . 75

Generational Group. . . . . . . . . . . . . . . . . . . . . . . . . . . . 119

Caltius Structured Capital . . . . . . . . . . . . . . . . . . . . . . 76

Genesis Capital, LLC. . . . . . . . . . . . . . . . . . . . . . . . . . 120

Canerector. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77

Genesis Park . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 121

Capital Alignment Partners. . . . . . . . . . . . . . . . . . . . . .78

Georgia Oak. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 122

Capital For Business. . . . . . . . . . . . . . . . . . . . . . . . . . . 79

Graycliff Partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . 123

Capitala Group. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80

Great Rock Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . 124

Capstone Partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81

Growth Operators. . . . . . . . . . . . . . . . . . . . . . . . . . . . 125

Carousel Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82

Gryphon Investors. . . . . . . . . . . . . . . . . . . . . . . . . . . . 126

Caymus Equity Partners, LLC. . . . . . . . . . . . . . . . . . . . 83

Hamilton Robinson Capital Partners. . . . . . . . . . . . . 127

Centerfield Capital Partners. . . . . . . . . . . . . . . . . . . . . 84

Harbor View Advisors. . . . . . . . . . . . . . . . . . . . . . . . . 128

CenterOak Partners . . . . . . . . . . . . . . . . . . . . . . . . . . . 85

Harris Williams. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 129

Chatham Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86

Hastings Equity Partners . . . . . . . . . . . . . . . . . . . . . . 130

Cherry Bekaert . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87

Heartwood Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . 131

CIBC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88

Heritage Growth Partners LLC. . . . . . . . . . . . . . . . . . 132

Citizens M&A Advisory (fmr Bowstring) . . . . . . . . . . . 89

Hidden Harbor Capital Partners. . . . . . . . . . . . . . . . .133

Clarion Capital Partners, LLC. . . . . . . . . . . . . . . . . . . . 90

Highview Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 134

Clearview Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 91

ICV Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 135

Clearwell Group, LLC. . . . . . . . . . . . . . . . . . . . . . . . . . . 92

IMB Partners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 136

Cohere Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 93

Incline Equity Partners . . . . . . . . . . . . . . . . . . . . . . . . 137

Compass Group. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 94

Industrial Opportunity Partners LLC. . . . . . . . . . . . . 138

Comvest Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 95

IndustryPro. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 139

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Kian Capital Partners . . . . . . . . . . . . . . . . . . . . . . . . . 140

Sapling. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 184

KippsDeSanto & Co. . . . . . . . . . . . . . . . . . . . . . . . . . . . 141

SCG Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 185

KLH Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142

Scott Capital Partners, LLC . . . . . . . . . . . . . . . . . . . . 186

Koch Enterprises, Inc.. . . . . . . . . . . . . . . . . . . . . . . . . 143

Sentinel Capital Partners . . . . . . . . . . . . . . . . . . . . . . 187

Lead Capital Partners. . . . . . . . . . . . . . . . . . . . . . . . . 144

Sheridan Capital Partners. . . . . . . . . . . . . . . . . . . . . . 188

LFM Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 145

Shoreline Equity Partners. . . . . . . . . . . . . . . . . . . . . . 189

LINX Partners/LXP. . . . . . . . . . . . . . . . . . . . . . . . . . . . 146

Silverview Credit Partners. . . . . . . . . . . . . . . . . . . . . 190

Main Street Capital Corporation . . . . . . . . . . . . . . . . 147

Smith Gambrell Russell. . . . . . . . . . . . . . . . . . . . . . . . . 191

Mangrove Equity Partners . . . . . . . . . . . . . . . . . . . . . 148

Sole Source Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . 192

Marsh McLennan Agency. . . . . . . . . . . . . . . . . . . . . . 149

Source Capital, LLC Direct Lending. . . . . . . . . . . . . . 193

Mazzone & Associates . . . . . . . . . . . . . . . . . . . . . . . . 150

Source Capital, LLC Private Equity . . . . . . . . . . . . . . 194

McCarthy Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151

SourceScrub . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 195

McGriff Seibels & Williams, Inc . . . . . . . . . . . . . . . . . 152

SouthPointe Ventures, LLC. . . . . . . . . . . . . . . . . . . . . 196

MiddleGround Capital. . . . . . . . . . . . . . . . . . . . . . . . . 153

Star Mountain Capital. . . . . . . . . . . . . . . . . . . . . . . . . 197

Midwest Mezzanine Funds. . . . . . . . . . . . . . . . . . . . . 154

StempleCrites LLC. . . . . . . . . . . . . . . . . . . . . . . . . . . . 198

Montrose . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155

Stonehenge Partners, Inc. . . . . . . . . . . . . . . . . . . . . . 199

Moore Colson. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156

Synovus . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200

Morgan Stanley Capital Partners. . . . . . . . . . . . . . . . 157

Tamarix Capital Partners . . . . . . . . . . . . . . . . . . . . . . 201

MPE Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 158

TD Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202

New Heritage Capital . . . . . . . . . . . . . . . . . . . . . . . . . 159

Tenex Capital Management. . . . . . . . . . . . . . . . . . . . 203

Northcreek Mezzanine Fund . . . . . . . . . . . . . . . . . . . 160

The Lenox Group LLC. . . . . . . . . . . . . . . . . . . . . . . . . 204

Nperspective CFO. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 161

The Riverside Company. . . . . . . . . . . . . . . . . . . . . . . 205

o15 Capital Partners . . . . . . . . . . . . . . . . . . . . . . . . . . 162

The Stephens Group. . . . . . . . . . . . . . . . . . . . . . . . . . 206

Osceola Capital Management . . . . . . . . . . . . . . . . . . 163

The Sterling Group . . . . . . . . . . . . . . . . . . . . . . . . . . . 207

P2 Corporate Finance, LLC. . . . . . . . . . . . . . . . . . . . . 164

Third Century Investment Associates II, LP . . . . . . . 208

Palladium Equity Partners. . . . . . . . . . . . . . . . . . . . . . 165

Thompson Street Capital Partners . . . . . . . . . . . . . . 209

PCE Investment Bankers. . . . . . . . . . . . . . . . . . . . . . . 166

TM Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210

PGIM Private Capital. . . . . . . . . . . . . . . . . . . . . . . . . . 167

Tower Arch Capital Partners . . . . . . . . . . . . . . . . . . . . 211

Plante Moran. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 168

Trinity Hunt Partners. . . . . . . . . . . . . . . . . . . . . . . . . . 212

PNC Business Credit. . . . . . . . . . . . . . . . . . . . . . . . . . 169

Trive Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 213

PNC Riverarch Capital. . . . . . . . . . . . . . . . . . . . . . . . . 170

Trivest Partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 214

PNFP Capital Markets, Inc.. . . . . . . . . . . . . . . . . . . . . . 171

Truist (Escrow). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 215

Porter, White & Company, Inc.. . . . . . . . . . . . . . . . . . 172

Two Roads Partners . . . . . . . . . . . . . . . . . . . . . . . . . . 216

PwC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 173

VRA Partners, LLC. . . . . . . . . . . . . . . . . . . . . . . . . . . . 217

RAF. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 174

VRC. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 218

Reston Equity Group. . . . . . . . . . . . . . . . . . . . . . . . . . 175

VSS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 219

Ridgemont Equity Partners. . . . . . . . . . . . . . . . . . . . . 176

Webster Equity Partners. . . . . . . . . . . . . . . . . . . . . . . 220

River Associates Investments, LP . . . . . . . . . . . . . . . 177

WestView Capital Partners. . . . . . . . . . . . . . . . . . . . . 221

Riveron Consulting . . . . . . . . . . . . . . . . . . . . . . . . . . . 178

Whitehorse Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . 222

Rockwood Equity Partners. . . . . . . . . . . . . . . . . . . . . 179

Windjammer Capital . . . . . . . . . . . . . . . . . . . . . . . . . . 223

Rosenthal & Rosenthal . . . . . . . . . . . . . . . . . . . . . . . . 180

Withum. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 224

Route 2 Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181

Wynnchurch Capital, LLC. . . . . . . . . . . . . . . . . . . . . . 225

RSM US LLP. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 182

Atlantic Street Capital. . . . . . . . . . . . . . . . . . . . . . . . . 226

RubinBrown Corporate Finance. . . . . . . . . . . . . . . . . 183

Troutman Pepper Hamilton Sanders. . . . . . . . . . . . . 227

Adams and Reese is an Am Law 200 firm with more than 300 attorneys and advisors strategically located in 20 offices across 10 states and Washington, DC. The focus of our Mergers & Acquisitions and Financing Practices is the middle market. We regularly represent strategic and financial market participants in acquisitions, dispositions, equity and debt offerings, and financing transactions ranging from $10 million to more than $1 billion.

Andrew B. Freeman andrew.freeman@arlaw.com

Roy E. Hadley Jr. roy.hadley@arlaw.com

Office Locations Other Bar Admissions

Robert P. Bethea Jr. rob.bethea@arlaw.com

Timothy P. Veith tim.veith@arlaw.com

Robert L. Welch rob.welch@arlaw.com

Jacqueline Feliciano jacqueline.feliciano@arlaw.com

Bennett B. Secrest bennett.secrest@arlaw.com

Advanced Development Services Partnering with

&hat is Advanced DevS

Iron ridge Advisers

Established in 801=, AdvDevS is an Investment Bank comprised of seasoned Wall Street and Main Street corporate executives, investors, and entrepreneurs. Speciali,ing in private mid-market investment and corporate development, our intent is to generate pro0ts while actively investing in charities and nonpro0ts. Additionally, we assist entrepreneurs and business owners in revitali,ing their companies.

Our FocusT Concentrating on businesses in Òorth America ÆÒAMÜ, Europe ÆEÂÁÜ, and Asia-Paci0c ÆAPACÜ with ¿Ç-100 million ÂSD in EBITDA within our areas of expertise.

Our MissionT ¯ AdvDevS wants to protect the Middle-market and Private wealth creators from mass corporate consolidation and anti-human development¢ ¯ We believe that Selling or rowing a business is not ust about money, it s about transferring or expanding responsibility¢ ¯ We o er services for every stage of the process from evaluation of need to investment and value creation¢ ¯ With our extensive Partnerships with Buyers, Attorneys, Accountants, Executives, and Technologists, we open our network to all quali0ed clients to make sure all needs are met and incentive misalignment is minimi,ed¢ ¯ &e pay up to { z of the Transaction Fee as a Finderus Feey

Mæçkïåêðõðëòvïêåmïòå öïóôòíìíñîðõðëòèçæêåçéóåéçï Eìïóåçióæì,ðHVAC,ðõðPìém"iòñððð Eòïçñîðõððëòdéêåçiæì ëòåïììiñïòóïðõðDæåæ HïæìåôóæçïðõðFiåòïêê

Areas of nkpertiseT

Advanced DevS Business Services

Investment Services PrivateW Investment

Transaction Services

Iron ridge Advisers

Operational Services

Management Services

Technology Services

Technology has become one of the largest factors in the Transaction Price and Timeline of M&A/Investment Deals which lead us to launch IronBridge Advisers as a stand-alone service to clarify, protect, and expand value during Due Diligence and post-acquisition integration. We give you access to world class Experts & Partners from Fortune 100 companies, Big 4 Consultancies, and Wall Street.

Service Timeline Free Consultation

Audit Assessment

Pro ectW Ownership

Data

Assessment Domains Development

Security

Advanced Development Services www.advdevs.com www.linkedin.com/company/advdevs

Transformation Services

People

PreventativeW Support

Infrastructure

IronBridge Advisers www.ironbridgeadvisers.com www.linkedin.com/company/ironbridgeadvisers

Advantage Capital (Saint Louis) | PE/Buyout Profile Description Founded in 1992, Advantage Capital is a private equity firm based in Saint Louis, Missouri that provides creative capital solutions in the $1-10MM range. The firm prefers an impact investor, targeting job creation, that leverages state and federal tax credit programs to provide flexible and patient capital tailored to support growth strategies and acquisitions. The firm is agnostic to industry and instrument type while generally investing in debt and equity investments. Advantage leans towards a more patient style of investing with some programs requiring longer (5-7+ year) investment horizons. Current funds available leads to a strong focus on investments in Illinois, Mississippi, Louisiana, Nevada, Connecticut, Utah, and Oklahoma, with funds also available for Other US markets including Ohio, Arkansas, Nebraska, and Pennsylvania. Notably, Advantage also has the Empower the Change Fund that exclusively provides debt and equity investments to Minority Business Enterprises (MBEs). Advantage also has separate teams, not at ACG Atlanta, that focus on LIHTC, NMTC, and Solar ITC investments/syndications. Website

www.advantagecap.com

Total Investments

382†

Entity Types

Private Equity Venture Capital Lender Growth Capital Provider

Active Portfolio

Investments (TTM)

7†

Exits

217

Med. Round Amount

$5.00M

Med. Valuation

$33.50M

# of Professionals

117

Trade Association

National Venture Capital Association (NVCA)

Investor Types

PE (Primary Type) Lender Growth Equity/Expansion Venture Capital

Investor Status

Actively Seeking New Investments

Year Founded

1992

AUM

$570.04M

Dry Powder

$119.55M

Primary Contact

Primary Office

Tim Perusek

7733 Forsyth Boulevard

Principal (Target Market: Connecticut)

Suite 1400

tperusek@advantagecap.com

Saint Louis, MO 63105

Phone: +1 (770) 880-6037

United States Phone: +1 (314) 725-0800 information@advantagecap.com

† Includes add-ons All investments are equity/add-on investments only

Investment Preferences Preferred Investment Amount[s]

$2M - $10M

Preferred Industries Industry Agnostic – Preference towards Manufacturing, SaaS, and Technology. Geographical Preference Arkansas, Louisiana, Connecticut, Illinois, Mississippi, Nebraska, Nevada, Ohio, Oklahoma, Pennsylvania, Utah. Preferred Deal Types Gap Financing, Acquisition Financing, Convertible Debt, Debt - General, Debt Refinancing, Early Stage VC, Later Stage VC, Loan, Mezzanine, PE Growth/Expansion, Senior Debt, Stretch Senior, LIHTC, Solar ITC, Growth Equity, Management Buyout Other Investment Preferences Prefers minority stake, Seeks Impact investments (Job Creation), Will syndicate, Structurally Flexible, Patient/Longer-Horizon. Secondary Contacts Kayin Barclay Vice President (Target Market: MBEs via Empower the Change Fund) kbarclay@advantagecap.com Phone: +1 (773) 344-2491 Caleb Gipple Sourcing (Target Markets: Arkansas, Connecticut, Louisiana, Mississippi, Oklahoma, Ohio) cgipple@advantagecap.com Phone: +1 (641) 295-4587 Duncan Young Sourcing (Target Markets: Utah, Mississippi, Illinois, Nevada, Pennsylvania) dyoung@advantagecap.com Phone: +1 (925) 784-0718

Investment Criteria

We specialize in recurring revenue models that broadly present themselves across software and services markets. Our strategy focuses on investing in mission critical value propositions, fragmented markets, with opportunities to grow both organically and through M&A. • $15B+ in AUM

• 9 flagship funds

• 300+ deals completed since 2021

Evergreen Financial Technology Group (EFTG)

PORTFOLIO COMPANY

Access Security

We invest in B2B vertical SaaS and software-enabled data businesses generating between $3 – 100m ARR. DESCRIPTION

We invest in services businesses in large fragmented markets with predictable revenue streams.

Coming Soon –

SOFTWARE & TECH-ENABLED SERVICES – INVESTMENT CRITERIA PORTFOLIO COMPANY

BUSINESS & CONSUMER SERVICES – INVESTMENT CRITERIA DESCRIPTION

CRITERIA

Omni-channel pet consumer platform focused on delivering high-quality, natural pet products.

• Pet food, treats, supplements, grooming products, dental products, waste solutions, and more • $1M+ EBITDA

Access security business specializing in gates, overhead doors, parking access, CCTV, and access control.

• Partnering with market-leading local providers who selfperform work in our target service lines • Target scorecard: +$5M in revenue, <30% new construction, servicing a top 100 MSA • +$1M in revenue where we have an existing platform

National platform of local HVAC, plumbing, and electrical brands.

• 75%+ residential revenue with <20% new construction revenue • >$250k of EBITDA

Accounting services platform specializing in tax, CAAS, attest and advisory work.

• Looking to partner with tax-driven, regionally concentrated, medium-sized CPA firms with strong leadership • Platforms: $10M+ of revenue // Revenue mix is >50% SMB // Tax mix is >40% // Attest mix is <40% • Add-ons: $1M+ Revenue // Revenue mix is >40% SMB // Tax mix is >50% // Attest mix is <50%

Commercial HVAC/R & Plumbing with over 15 partnerships since 2020.

• Looking for both local and National Accounts • Local: $7M+ of revenue / $1M+ of EBITDA • National: $4M+ of revenue / no minimum profit • 70%+ direct relationships (vs. general contractors) • Comfortable with either open shop or union labor forces

Providers of professional education services including online training, instructor-led training, and professional certification.

• Looking for markets with a persistent shortage of specialized talent • Digital Capabilities with virtual or tech-enabled training; HighQuality Content • $1M+ EBITDA

Water services businesses with its first investment in the groundwater services space.

• Looking for regional companies that provide access to and service of groundwater resources to agricultural customers, municipalities, industrial operators and private homes across the United States • Continuing to build density in Western US (CA, NV, OR, WA, AZ), but looking anywhere in the US • No size minimums, preference for >$5M revenue

Tree care services platform serving residential customers.

• Services include tree removal, pruning, general tree care, and plant healthcare • Looking to partner with local and regional service providers across North America • $5M+ of revenue

Businesses serving specifically the intelligence community.

• >$1M EBITDA with 50% recurring revenue

One-stop-shop solutions for both interior and exterior facilities maintenance.

• Self-perform presence in the Midwest and Northeast with national reach through vendor-managed capabilities • $12M+ of revenue / $1M of EBITDA • Services include a range of exterior, interior and emergency, including: • Interior: handyman (break-fix), light plumbing, electrical • Exterior: Parking lot maintenance, snow, and signage

CRITERIA

Group of hospitality software companies focused on optimizing hotel operations.

• $1M+ ARR for add-ons

Short-term rental (STR) data business that provides comprehensive insights and analytics.

• No size minimum • Focused on acquiring additional data companies and workflow software companies in the travel and short-term rental ecosystem

Suite of accounting and fundraising tools for nonprofit organizations.

• $1M+ ARR

Software platform that buys, builds and operates vertical SaaS businesses.

• $5-25M+ in ARR • Actively sourcing new software verticals.

Software-enabled data business that provides data and tools for corporate ESG programs.

• No size minimum • Focused on acquiring additional data companies in Environmntal (“E”), Social (“S”), and Governance (“G”) and workflow software companies in the GRC market

Software businesses focused on credit unions and community banks.

• >$3M ARR and 80% recurring revenue

Actively seeking businesses in testing, inspection & compliance businesses and specialized software dev/digital transformation business.

• >$1M EBITDA with > 50% recurring revenue • Actively seeking businesses in testing, inspection & compliance businesses and specialized software dev/digital transformation business.

K-12 online tutoring platform with tutoring-related products or digital student support offerings.

• Focused on K-12 but open to higher education as well • $3M+ of revenue, preference for profitable businesses

Software that helps lenders and real estate agents deliver financial insights to potential and current clients.

• $1M+ ARR for add-ons

Online platform that connects advice-seekers with coaches and advisors.

• Online wellness marketplaces, services, and media companies • $1M EBITDA • 70% repeat revenue

Enterprise software for broadband and utility companies.

• No size minimum, anywhere in the U.S. Rural telecom, power, and municipal markets

Software-enabled data platform that acquires vertical data businesses that have proprietary data embedded in a workflow.

• >$10M revenue for new platforms/verticals • > 50% recurring or re-occurring revenue • Actively looking for add-ons in in healthcare, logistics/supply chain, and financial data

Group of software companies spanning the human services sectors.

• $1M+ ARR for add-ons

Proptech software that helps real estate agents with lead generation and conversion.

• $1M+ ARR

Enterprise software for retail operations.

• $1M+ ARR

K-12 supplemental literacy curriculum, assessments and professional development.

• Looking for partners that are evidence-backed and aligned with the Science of Reading • Sells to school districts, universities, or teachers (not D2C) • Digital capabilities (student practice tools, progress monitoring tool, student assessments) • $1M+ of revenue

www.alpineinvestors.com

Portfolio Investment Criteria | 1

Managed IT Service Providers

www.alpineinvestors.com

Group of 65+ leading managed IT services providers.

• Managed IT services, managed could, outsourced IT • >$500k of EBITDA and $3M of revenue, >50% recurring

Revenue cycle management services and technology solutions to practices and facilities across nearly all healthcare specialties.

• Contracting with physicians (non-enterprise hospital) • Priority specialties: anesthesia, dental, radiology, emergency, behavioral, lab, surgery, ophthalmology, cardiology, multispecialty • $1M+ of revenue

Portfolio Investment Criteria | 2

BUSINESS & CONSUMER SERVICES – INVESTMENT CRITERIA (continued) We invest in services businesses in large fragmented markets with predictable revenue streams. PORTFOLIO COMPANY

DESCRIPTION

CRITERIA

ERP partners that resell licenses and provide ongoing services and add-on software solutions.

• •

>$1M EBITDA with a meaningful recurring revenue component (license resell and/or services) Particularly interested in businesses with a managed services component

K-12 clinical assessment and related intervention content providers.

•

No size minimum, but strong preference for profitability

Commercial landscaping with services in maintenance and enhancements. Leader in TX, CO, AZ and FL.

• •

$8M+ of revenue / $1M of EBITDA Considering opportunities of any size in TX, CO, AZ, FL

Group of businesses in the household employment and home care solutions industry.

•

Home health agencies where family members and friends are the patients’ primary caregivers Personal care services—meals, bathing, laundry, etc. No size minimum, anywhere in the US

• • Group of businesses in the engineering services and infrastructure consulting.

• • •

Exterior residential services platform focused on residential roofing including re-roof & repairs.

Services: planning, engineering, design, inspection of infrastructure End Markets: Transportation, Water/Wastewater, Power/Utilities, Telecom, Environment (preference for public customers) Scale: $500k-$40M EBITDA

• $1.5M+ EBITDA for new geographies • $500k EBITDA for add-ons

For a complete list of our investments, visit www.alpineinvestors.com/portfolios

The selected portfolio companies listed are not necessarily representative of all past or current investments but were selected to illustrate our industry focus. They were not selected for inclusion on the basis of performance. The reader should not assume that investment in any securities of such issuer has been or will be profitable.

www.alpineinvestors.com

Portfolio Investment Criteria | 3

www.aprio.com

General Information Description Provider of business advisory and accounting services with an emphasis on construction, dental, distribution, healthcare manufacturing, restaurant, real estate, technology and other related industries. The company's services include tax consultation, accounting advisory, corporate financial advisory services, financial assurance and wealth management. Headquarters in Atlanta. Offices in New York, Austin, Birmingham, Boston, Charlotte, Denver, Miami, Nashville, San Antonio, San Francisco and Washington, D.C..

Website

www.aprio.com

Year Founded

1952

Entity Types

Private Company Acquirer Financing Advisory

Employees

2,100

Also Known As

Aprio

Formerly Known As

HA+W

Legal Name

Aprio, LLP

Business Status

Generating Revenue

Ownership Status

Privately Held (backing)

Contact Information Primary Contact

Primary Office

Richard Kopelman

2002 Summit Boulevard North East

Chief Executive Officer & Managing Partner

Suite 120

richard.kopelman@aprio.com

Atlanta, GA 30319-1498

Phone: +1 (404) 989-8236

United States Phone: +1 (404) 892-9651

L O W E R M I D D L E - M A R K E T P R I VAT E E Q U I T Y F I R M

Next-level partners for founders and management teams

Investment Strategy

INVEST in companies with “thought-leadership”

C R E AT E A L I G N M E N T with management teams

ArchStar Capital invests in private companies with EBITDA ranging from $3–10 million. Located in St. Louis and Minneapolis, ArchStar is a control-equity investor that partners with founders and management teams to create next-level journeys.

Our Investment Criteria $10+ million revenue / $3+ million EBIT

Industry thought leadership

Meaningful customer value-proposition

Dynamic management

Large, fragmented industry FOCUS on strengthening the franchise

Platform potential

Our focused, streamlined approach to investing allows us to make quick decisions and move aggressively for the right opportunities. I N D U S T RY F O C U S

Value-Added Distribution & Manufacturing GROW through exercising upside “call-options”

Thesis: After decades of decline due to supply chain disruptions, rising emerging market wages, advances in additive manufacturing and A.I.-driven industrial robotics; domestic manufacturing will become more competitive, creating opportunities for investment and growth.

Non-Discretionary Services L O N G -T E R M H O L D S to maximize $$$ returns

Thesis: The U.S. services sector accounts for roughly 70–80% of the U.S. workforce. ArchStar focuses on non-discretionary business and consumer service firms with scalable, technology-enabled business models and repeating or recurring revenue bases.

Arcline (Private Equity) | PE/Buyout Profile General Information Description Founded in 2018, Arcline Investment Management is a private equity investment firm based in Nashville, Tennessee with additional offices in San Francisco, California and New York, New York. The firm seeks to invest in technology-driven businesses operating in the aerospace & defense, industrial technology, health & safety, life sciences, medical technology, energy transition, semiconductor, food & beverage, and specialty materials sectors. Website

www.arcline.com

Total Investments

120†

Entity Types

PE/Buyout Private Company

Active Portfolio

Also Known As

Arcline

Investments (TTM)

15†

Legal Name

Arcline Investment Management LP

Exits

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Med. Round Amount

$300.00M

Med. Valuation

$300.00M

Investor Status

Actively Seeking New Investments

# of Professionals

Year Founded

2018

AUM

$9.00B

Dry Powder

$5.00B

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Luke Johnson

3803 Bedford Avenue

Partner & Head of Business Development

Suite 106

luke@arcline.com

Nashville, TN 37215

Phone: +1 (415) 305-4524

United States Phone: +1 (415) 305-4524 contact@arcline.com

Investment Preferences Preferred Industries Aerospace and Defense, Construction and Engineering, Consumer Non-Durables, Energy, Healthcare Technology Systems, Other Materials, Software, Semiconductor, Food & Beverage Equipment, Health & Safety Geographical Preferences United States, Canada, Europe Preferred Deal Types Buyout/LBO, PE Growth/Expansion Preferred Verticals Advanced Manufacturing, Digital Health, Industrials, Infrastructure, Life Sciences Other Investment Preferences Prefers majority stake, Seeks ESG investments, Seeks Impact investments, Will syndicate

Artemis Transaction Advisors | Investment Bank Profile General Information Description Founded in 1997, Artemis Transaction Advisors is a boutique investment bank based in Chicago, Illinois, with an office in Atlanta, Georgia. The firm specializes in mergers and acquisitions, refinancing, private market financing, refinancing existing debt, raising equity capital, and valuations for middle-market companies. Artemis caters to consumer products, industrial products and services, food and beverage, healthcare and patient services, business services, and technology sectors. Website

www.artemis-ib.com

Year Founded

1997

Entity Type

Investment Bank

Employees

Also Known As

Artemis

Service Breakdown

Formerly Known As

Billow Butler & Company, L.L.C.

Legal Name

Artemis Transaction Advisors, LLC

Serviced Companies: 220 Serviced Deals: 150 Serviced Investors: 14

Service Provider Type

Investment Bank (Primary Type) Valuation Firm

Contact Information Primary Contact

Primary Office

Darrell Butler

225 West Wacker Drive

Founder & Managing Director

Suite 1575

dmb@artemis-ib.com

Chicago, IL 60606

Phone: +1 (312) 559-1904

United States Phone: +1 (312) 559-9055

Preferences Transaction Amount $10.00M - $300.00M Preferred Industries Automotive, Beverages, Consumer Durables, Distributors/Wholesale, Food Products, Healthcare Devices and Supplies, Healthcare Technology Systems, Industrial Supplies and Parts, IT Services, Logistics, Other Business Products and Services, Other Financial Services, Other Healthcare, Other Materials, Plastic Containers and Packaging, Private Equity, Publishing, Services (Non-Financial), Software Geographical Preferences United States Preferred Deal Types Sell-side, Add-on, Buyout/LBO, Corporate Divestiture, Debt - General, IPO, Management Buyout, Merger/Acquisition, PE Growth/Expansion, PIPE Preferred Verticals Industrial Products & Services, Consumer Products & Services, Healthcare & Patient Services, Business Services, Technology

Avance Investment Management | PE/Buyout Profile General Information Description Founded in 2020, Avance Investment Management is a private equity firm based in New York, New York. The firm prefers to invest in technology services, business services, and consumer products and services. Within those sectors, we have a particular interest in tech enabled services, data analytics, digital transformation, GovTech, FinTech, infrastructure services, healthcare IT services, professional services, such as staffing, legal, and FP&A, essential consumer services, and food and beverage. Website

www.avanceinv.com

Total Investments

7†

Entity Type

PE/Buyout

Active Portfolio

Also Known As

Avance

Investments (TTM)

2†

Legal Name

Avance Investment Management, LLC

# of Professionals

Investor Type

PE/Buyout

Trade Association

Private Equity Council (PEC)

Investor Status

Actively Seeking New Investments

Year Founded

2020

Target EBIDTA

$10 - 75M

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Gretchen Perkins

2990 Ponce de Leon Blvd. Suite 500 Coral Gables, FL 33134 United States

Partner gperkins@avanceinv.com Phone: +1 (813) 820-2901

Phone: +1 (813) 820-2901

Investment Preferences Preferred Revenue[s]

$25M - $250M

Preferred EBITDA

$10M - $75M

Preferred Industries Commercial Services, Consumer Services, Consumer Non-Durables, Financial Services, Healthcare Services, Information Technology Services, Infrastructure Services, Professional Services, Food & Beverage, Specialty Distribution Services Geographical Preferences United States Preferred Deal Types Buyout/LBO, PE Growth/Expansion Preferred Verticals Big Data, CleanTech, Digital Health, E-Commerce, FinTech, FoodTech, HealthTech, HR Tech, GovTech, Infrastructure, InsurTech, LOHAS & Wellness, Restaurant Technology, SaaS, Supply Chain Tech, TMT Other Investment Preferences Prefers majority stake, Seeks ESG investments, Seeks Impact investments, Will syndicate

LIKE-MINDED PARTNERS FOR GROWTH Trusted investors. Industry experience. Operating expertise. INVESTMENT FOCUS

CONSUMER

INDUSTRIAL

Agriculture Food & Beverage Pet Products & Services

Engineered Products Industrial Services Niche Manufacturing

INDUSTRY

LOCATION

Business Services and Manufacturing

United States Southeast & Midwest

TYPE

SIZE

Entrepreneur or Family Owned

$1-$10MM EBITDA

TEAM

Ginger Carter Marketing Coordinator

Marshall Cole Managing Partner

Pat Duncan Managing Partner

Todd Littleton Operating Partner

Meredith Pﬂug CCO and Controller

Vicki Sorbin Investor Relations

Ed Stein Director of Business Development

Ben Wallace Partner

To discuss an opportunity, please contact Ed Stein I estein@azaleacapital.com I (864) 235-0201 Azalea Capital I 55 Beattie Place Suite 1500 Greenville, SC 29601 I www.azaleacapital.com

• • • • • •

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• • •

• • • •

Bay Point Advisors | Private Credit Fund Profile General Information Description Founded in 2012, Bay Point Advisors is a hedge fund manager headquartered in Atlanta, Georgia. The firm focuses on low volatility, incomeoriented, absolute return fund strategies. Website

www.baypointadvisors.com

Entity Types

Private Credit Debt Fund Lender

Also Known As

Bay Point

Legal Name

Bay Point Advisors, LLC

Investor Types

Hedge Fund (Primary Type) Lender/Debt Provider

Investor Status

Actively Seeking New Investments

Year Founded

2012

# of Professionals

Contact Information Primary Contact

Primary Office

Mitch Masters

3050 Peachtree Road NW

Managing Director – Capital Markets

Suite 740

mitchmasters@baypointadvisors.com

Atlanta, GA 30305

Phone: +1 (404) 805-4658

United States

Grace Barnwell Director of Corporate Finance gracebarnwell@baypointadvisors.com Phone: +1 (404) 358-7585

Investment Preferences Geographical Preferences

Preferred Deal Types

North America

Senior Secured, Subordinated, Mezzanine, 2nd Line, Preferred & Common Equity

BDO USA | Accounting/Auditor Profile General Information Description Established in 1910, BDO is an accounting and financial advisory firm headquartered in Chicago, Illinois. The firm's service areas include advisory, audit, assurance, taxation, mergers and acquisitions, management, risk, wealth, corporate governance, financial reporting, corporate finance, real estate, restructuring, turnarounds, valuation, and business analytics. BDO caters to industries including real estate, financial services, and information technology sectors. Website

www.bdo.com

Year Founded

1910

Entity Types

Accounting/Auditor Private Company Acquirer

Employees

10571

Service Breakdown

Serviced Companies: 2516 Serviced Deals: 1278 Serviced Investors: 1752 Serviced Funds: 1501

Also Known As

BDO

Formerly Known As

Seidman & Seidman

Legal Name

BDO USA, P.C.

Service Provider Type

Accounting/Auditor (Primary Type) Financing Advisory

Contact Information Primary Contact

Primary Office

Amish Patel

330 North Wabash Avenue

Managing Director

Suite 3200

adpatel@bdo.com

Chicago, IL 60611

Phone: +1 (404) 979-7118

United States Phone: +1 (312) 856-9100 Fax: +1 (312) 856-1379 info@bdo.com

Preferences Enterprise Value $5.00M - $5.00B

Transaction Amount $5.00M - $5.00B

Preferred Industries Distributors/Wholesale, Government Geographical Preferences Africa, Americas, Asia, Canada, Europe, Middle East, Oceania, United States Preferred Deal Types Accelerator/Incubator, Angel (individual), Bankruptcy: Admin/Reorg, Bankruptcy: Liquidation, Buyout/LBO, Capitalization, Carveout, Corporate, Corporate Asset Purchase, Debt - General, Debt Refinancing, Dividend Recapitalization, Early Stage VC, GP Stakes, Investor Buyout by Management, IPO, Joint Venture, Later Stage VC, Leveraged Recapitalization, Merger of Equals, Merger/Acquisition, Mezzanine, PE Growth/Expansion, PIPE, Public Investment 2nd Offering, Reverse Merger, Sale-Lease back facility, Secondary Transaction - Open Market, Secondary Transaction - Private, Seed Round, Senior Debt, Subordinated Debt

Beech Valley Solutions General Information Description Beech Valley Solutions connects organizations with top-tier accounting, finance, and IT talent on demand. Our clients vary widely (start-ups to multinational firms) but share the same challenge: finding talented accountants and consultants to help them deliver high-quality service that their clients expect and their projects demand, often with short notice. We offer the flexibility to fill roles temporarily and affordably, without the burden of retaining these individuals ‘in house’ yearround. Our tech-enabled platform of freelancers means you can instantly find and connect with professionals with extensive public accounting and industry experience. Firms that work with us increase: ‣ Margins and top-line revenue ‣ Client satisfaction ‣ Employee retention The Beech Valley vetting process includes in-depth interviews and a data-based proprietary pre-hire testing methodology. These procedures ensure that you’ll be connected with top-tier accounting professionals. We speak the language of the accounting industry, and this understanding ensures you are paired with the absolute best consultants to flex up your team on a project-by-project basis. Website Entity Types

www.beechvalley.com Tax & Accounting Firms Private Equity Firms Corporate

Legal Name

Beech Valley Solutions

Year Founded Employees

2014 60

Contact Information Primary Contact Angie Williams

Primary Office 834 Inman Village Parkway Suite 230 Atlanta, GA 30307 United States info@beechvalley.com

Vice President of Business Development angie@beechvalley.com Phone: +1 (678) 427-2212

Services Advisory

Buy and sell-side

Trust and Estate Tax

IT Audit

Quality of Earnings

Tax Extensions

Audit Readiness

Transaction Advisory

Provisions

Technical Accounting

Internal Audit

Sales and Use Tax

Restructuring and Turnaround

Tax

Global Mobility Services

Disaster Recovery

Corporate / Business Tax

Not-for-Profit Tax

Software Implementation

High Net Worth Individual Tax

REITs

SEC Reporting

Partnership Tax

Audit

Controllership

Small Business / Flow-Through Tax

Not-for-Profit Organizations

CFO and support services

State and Local Tax

Governmental Audits

FP&A

International Tax

Employee Benefit Plans

Due Diligence

Mergers & Acquisitions

Industry Experience

Company Background

Investment Criteria

• Berkley Capital is the private equity investment subsidiary of W. R. Berkley Corporation, a Fortune 500 property and casualty insurance company with an investment portfolio in excess of $20 billion.

Berkley Capital has successfully partnered with management teams in both Buyout investments and Growth Equity investments. We seek opportunities with the following characteristics:

• Founded in 2002, Berkley Capital currently manages investments in 10 portfolio companies and seeks buyout investment opportunities and growth equity investment opportunities within industries such as aerospace and defense, business services, financial services, and specialty manufacturing.

Transaction Types

• Leveraged Buyout • Management Buyout • Recapitalization • Growth Equity

• The Berkley Capital team has deep experience in its target verticals and works with portfolio companies at the Board level to provide advice on business strategy, operational improvements, revenue growth initiatives and leadership development.

Investment Profile

• Buyout Platform Investments: – EBITDA: $5 - $25 million – Equity Investment: $10 - $75 million+ • Growth Equity: – Revenue: $5 million+ – Equity Investment: $5 million+ • Majority or minority ownership • Geography: North America • Capacity to invest in debt securities alongside an equity investment • Flexible investment horizon

Industry Focus Aerospace and Defense

• Parts Distribution • Component Repair and Overhaul (CRO) • Maintenance, Repair, and Overhaul (MRO) • Military & Government Services

Financial Services

• Financial Technology and Payments • Financial Institution Service Providers • Specialty and Consumer Finance

Company Characteristics

Business Services

• Leadership within industry sector or niche with demonstrated competitive advantage • Experienced, growth-oriented management team • Potential for 10%+ annual revenue growth • Current or potential EBITDA margins in excess of 10%

• Business Process Outsourcing • Value Added Distribution • Information Services • Legal Technology • Promotional Products

Specialty Manufacturing

• Branded Textiles • Home Furnishings and Related Products

Management Team Frank Medici

President fmedici@wrberkley.com

Bud Ghegan

Managing Director tghegan@wrberkley.com

John Kohler

General Counsel jkohler@wrberkley.com

Patrick Finnigan

Associate pfinnigan@wrberkley.com

For new investment opportunities, please contact Bud Ghegan at (212) 822-3374; tghegan@wrberkley.com Berkley Capital

600 Brickell Avenue, 39th Floor

Miami, FL 33131

T: (786) 450-5510

OVERVIEW

▪ About Us: Bessemer Investors (BI) focuses on partnering with middle-market businesses to support growth and enhance value creation. We differentiate ourselves by combining a long-term, flexible capital base with a team of experienced private equity professionals. In addition, we pride ourselves on being great partners to management teams and responsible stewards of companies, ensuring that value creation inures to the benefit of all stakeholders ̶ BI was established in 2018 by Bessemer Securities, the family investment vehicle of the Phipps family, which traces its origins to Henry Phipps’ partnership with Andrew Carnegie and the sale of Carnegie Steel to J.P. Morgan in 1901 ̶ The Phipps family also owns Bessemer Trust, a leading private wealth management firm with ~$180 billion of assets under supervision

▪ Bessemer Investment History: The Phipps family has been investing in private companies for more than a century. BI is the latest in a line of successful, distinct investment platforms that trace their beginnings to the Phipps family, including: ̶ Bessemer Venture Partners – An $8.3 billion venture capital firm investing out of its 12th flagship fund ̶ Lindsay Goldberg – A $13 billion private equity firm investing out of its 5th fund BI was established to continue this legacy with a commitment to building companies while upholding the core values of integrity, transparency and responsibility

BESSEMER ADVANTAGE ▪ Flexible and longer-term approach ▪ No management fees or transaction fees ▪ Rapid decision-making and transparency ▪ Legacy of investing with integrity ▪ Connectivity with the Bessemer network

TEAM

INVESTMENT STRATEGY

▪ Investment Size: We pursue investments across a broad size spectrum and our platform investments tend to fall in the following ranges: ̶ Equity Investment: $50 - $150+ million ̶ Enterprise Value: $75 - $500 million ̶ EBITDA: $5 - $50 million ▪ Investment Structure: BI invests across a wide range of situations and structures including: ̶ Primarily control investments with the ability to pursue minority investments on a selective basis ̶ Founder-, employee-, or sponsor-owned businesses, corporate carve-outs, and public-to-privates ̶ Platforms with organic and/or buy and build growth opportunities ▪ Industry Focus: BI targets companies in industries that leverage our experience, network, and value proposition, including: ̶ Industrials: Process and Flow Control; Value-added Distribution; Industrial Technology; Industrial Services; Aerospace and Defense; Utility and Infrastructure Services; Packaging ̶ Business Services: Facility and Support Services; Testing, Inspection, and Certification; Lab Services and Products; Business Process Outsourcing / Contract Manufacturing; Insurance Services and Distribution ̶ Consumer: Residential Services; Animal Health / Pet Products and Services; Specialty Ingredients; Food and Beverage Equipment and Distribution; Multi-site, Franchisors, and Franchisees; Beauty and Personal Care Products and Services ▪ Geography: Primary focus on North America ▪ Investment Characteristics: We seek investments that exhibit one or more of the following attributes: ̶ Proven, differentiated business models with attractive margins and cash flow profiles ̶ Strong, defensible position in stable or growing end markets ̶ Stable and recurring demand drivers ̶ Identifiable levers for growth and/or enhanced profitability ̶ Strong management teams with a clear vision for future value creation

▪ The BI team has extensive experience at leading private equity firms, including Warburg Pincus, Pegasus Capital Advisors, CI Capital Partners, Morgan Stanley Capital Partners, Sterling Investment Partners, Sightway Capital, Olympus Partners and CCMP Capital. With decades of experience investing in private companies, we have the expertise, network, and resources to help build exceptional companies David Barr Managing Director barr@bessemer.com

Andrew Mendelsohn Managing Director

Matthew Labovitz Principal

mendelsohn@bessemer.com labovitz@bessemer.com

Amit Singh Vice President

singh@bessemer.com

David Strider Vice President

strider@bessemer.com

Abraham Talmaciu Vice President

talmaciu@bessemer.com

Bohdan Tyshynsky Vice President

tyshynsky@bessemer.com

212-708-9246 212-708-9240 212-603-3237 212-603-3206 212-651-1082 212-603-3215 212-708-9139 Tim Pultorak Gabriel Trank Joseph Middleman Andrew Kleinlein Kyle Reeves Lexi Shannon CFO Associate Senior Associate Senior Associate Senior Associate Senior Finance Associate kleinlein@bessemer.com

212-603-3221

middleman@bessemer.com

212-708-9399

reeves@bessemer.com

1271 Avenue of the Americas, 42nd Floor New York, NY 10020

212-603-3297

trank@bessemer.com

212-651-1061

pultorak@bessemer.com

212-708-9258

shannon@bessemer.com

212-651-1019

www.BessemerInvestors.com 68

BlackArch Partners | Investment Bank Profile Description Founded in 2010, BlackArch Partners is a middle-market investment bank based in Charlotte, North Carolina. The firm offers a full spectrum of advisory services to owner-operators, families, and financial sponsors. BlackArch advises clients on all elements of a transaction, from strategic positioning to closing. The firm specializes in the areas of mergers and acquisitions advisory, debt recapitalization, transitional or growth capital, minority partnerships, and change-of-control transactions. The firm operates as a subsidiary of Regions Financial. Website

www.blackarchpartners.com

Year Founded

2010

Entity Types

Investment Bank Private Company Investor

Employees

Service Breakdown

Serviced Companies: 250+ Serviced Deals: 500+ Serviced Investors: 250+

Also Known As

BlackArch

Legal Name

BlackArch Partners LLC

Service Provider Type

Investment Bank

Contact Information Primary Contact

Primary Office

Ian Mackay

227 West Trade Street

Managing Director

Suite 2200

mackay@blackarchpartners.com

Charlotte, NC 28202

Phone: +1 (404) 771-6418

United States Phone: +1 (704) 414-6300 info@blackarchpartners.com

Preferences Enterprise Value $100.00M - $1.00B

Transaction Amount >$75.00M

Preferred Industries Aerospace and Defense, Automotive, Beverages, Buildings and Property, Construction and Engineering, Consumer Durables, Distributors/Wholesale, Energy, Food Products, Government, Healthcare Devices and Supplies, Healthcare Services, Infrastructure, Logistics, Media and Information Services (B2B), Other Media, Pharmaceuticals and Biotechnology, Retail Geographical Preferences North America, United States Preferred Deal Types Add-on, Asset Divestiture (Corporate), Buyout/LBO, Carveout, Corporate Asset Purchase, Corporate Divestiture, Debt - General, Debt Refinancing, Early Stage VC, IPO, Joint Venture, Later Stage VC, Merger/Acquisition, PE Growth/Expansion, PIPE, Recapitalization, Secondary Transaction – Private Preferred Verticals Automotive Aftermarket, B2B Services, Legal Services, Energy and Utilities, Construction and Building Products, Manufacturing, Transportation and Logistics, Packaging, Food and Ingredients, Consumer Services, Life Sciences, Healthcare, Infrastructure, Industrial Products, Manufacturing, Testing Inspection and Certification,

��.��.�� Blue Point Capital Partners is a private equity ﬁrm that partners with excep�onal entrepreneurs and management teams to invest in niche, industry leading lower middle-market industrial, business services, consumer and value-added distribu�on companies and help drive transforma�ve change. Blue Point has been inves�ng for more than two decades and completed over 140 investments with a total transac�on value of over $9 billion. Recent Recogni�ons

Fund History

Why Blue Point?

– Strong partnerships with family- or entrepreneur-owned businesses to drive growth while respec�ng the owner’s legacy – Transparent, eﬃcient and �mely transac�on process, conducted with the highest levels of integrity – Strategic and economic resources of a global organiza�on, while remaining an approachable, regional ﬁrm – Unique value crea�on capabili�es to support management teams and build value

Investment Criteria Revenue

Blue Point Toolkit

Geography

Global Supply Chain

– United States – Canada

$30MM - $300MM

EBITDA

– Supply chain strategy, eﬃciency and cost exper�se – Support revenue growth, product development and sourcing ini�a�ves

Transac�on Types

$7MM - $50MM

– Family-Owned & Closely Held – Buyout & Recapitaliza�ons – Buy & Build

(No minimum for add-on acquisi�ons)

Equity Capital $40MM - $150MM

Sector Focus

Data & Digital

– Pricing op�miza�on – Inventory management – Digital marke�ng and e-commerce – Customer and product analy�cs

Business Services

Industrial

– Digital Services – Environmental Services – Facility & Commercial Services – Industrial & MRO Services – Infrastructure & U�lity Services – Residen�al Services – Specialty Consul�ng – Transporta�on & Logis�cs

– Aerospace & Defense – Auto A�ermarket – Chemicals – Engineered Products – Industrial Technology – Niche Manufacturing – Packaging

Consumer

– Apparel & Footwear – Consumer Products – E-commerce – Food & Beverage – Outdoor & Enthusiast Products – Personal Care & Wellness – Pet

Human Capital – Human capital strategy and planning – Talent acquisi�on, assessment and management – Culture and employee engagement – Diversity, equity and inclusion

M&A (54 add-ons across BPCP III, IV & V) – Geographic or customer expansion – Complementary and new product oﬀerings – Cost synergies and scale

Value-Added Distribu�on – Consumer – Healthcare – Industrial

Opera�ng Execu�ve Group (OEG) – Diverse network of industry and func�onal experts – Work closely with por�olio management teams

Investment Team & Resources Cleveland

Charlo�e

Sea�le

Dallas

Dennis Wu

Megan Kneipp

Chip Chaikin

John LeMay

Sean Ward

Juli Marley

Brian Castleberry Partner

Managing Director

Charley Geiger

Jonathan Pressnell

Jeﬀ Robich

Keith Durante

Zoe Schackel

Senior Associate

Alex Weinstein

Partner

Julie Stacey

Rick Soukup

Evan Co�ngton

Taryn Boose

Rachel Glenn

Partner

Head of Talent

Bobby Exler Senior Associate

Partner

Principal

John Broussard Associate

Lance Cur�s Associate

Principal

Partner

Associate

Senior Associate

Associate

Associate, Business Development

Managing Director, Bus. Development

Shanghai Jackie Zhang Vice President

Anesu Chinoda Analyst

Blue Sea Capital | PE/Buyout Profile General Information Description Founded in 2013, Blue Sea Capital is a private equity firm based in West Palm Beach, Florida. The firm prefers to invest in growth-stage companies through buyouts. The firm seeks to invest in business products, business services, healthcare, manufacturing, and industrials sectors in North America. Website

www.blueseacapital.com

Total Investments

103

Entity Type

PE/Buyout

Active Portfolio

Also Known As

Blue Sea

Investments (TTM)

Legal Name

Blue Sea Capital LLC

Exits

Spun Out Of

Brockway Moran & Partners

Med. Round Amount

$150.00M

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Med. Valuation

$150.00M

# of Professionals

Investor Status

Actively Seeking New Investments

Year Founded

2013

AUM

$1.40B

Dry Powder

$698.36M

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Pat Boroian

222 Lakeview Avenue

Partner

Suite 1700

pboroian@blueseacapital.com

West Palm Beach, FL 33401

Phone: +1 (561) 655-8400 x132

United States Phone: +1 (561) 655-8400 Fax: +1 (561) 922-8844 info@blueseacapital.com

Investment Preferences Preferred Investment Amount[s]

$40M - $150M

Preferred Company Valuation[s]

$30M - $300M

Preferred Deal Size[s]

$30M - $300M

Preferred EBITDA

$5M - $30M

Preferred Industries

Geographical Preference

Preferred Deal Types

Preferred Verticals

Other Investment Preferences

Aerospace and Defense, Healthcare, Industrial Supplies and Parts

North America

Add-on, Buyout/LBO, PE Growth/Expansion

Healthcare, Industrials, Manufacturing, A&D

Prefers majority stake, will also do minority stakes. Will syndicate

Creative Capital Solutions for Lower Middle Market Businesses B luehenge Capital Partners invests across a variety of industries

including industrial, manufacturing, distribution and business services. With nearly 30 years of experience, the Bluehenge team has provided capital for buyouts, acquisitions and growth to management teams across our nationwide footprint.

Bluehenge was founded in 2015 and is headquartered in Baton Rouge, Louisiana. With total assets under management (AUM) in excess of $410 million, the firm manages multiple SBIC funds and provides creative capital solutions to established lower-middle market businesses.

20+

$375+MM

45+

YEARS AS A TEAM

INVESTED

COMPANIES

INVESTMENT CRITERIA Investment Size: $5 - $25 Million

Transaction Type: Growth, Recap, Refinancing, Buyout

Investment Type: Senior Debt, Mezzanine, Equity

Preferred Company Size: > $20 Million Revenue > $3 Million EBITDA

A. David Kocen

Managing Partner

Nemo Viso

Managing Partner

Albert Alexander Director

Baton Rouge

Robert Davis

Sean Martin

Vice President

301 Main Street, Suite 920 Baton Rouge, LA 70825 225.615.3342

Vice President

Industry Focus: Industrial, Business Services, Manufacturing, Distribution, Consumer, Healthcare

Cole Kendrick Associate

Jaime Dasso

Associate

Dallas

15001 Spring Valley Road, #905E Dallas, TX 75244 214.599.8850

BLUEHENGE.COM

Targeting Opportunity. Creating Value.

Bow River Capital is a private alternative asset manager that was founded in 2003 and is based in Denver, Colorado. The Bow River Capital private equity team is investing out of its third committed fund in companies with a defined market niche and significant growth potential. We partner with strong management teams and founders with a proven track record of success.

Investment Criteria

Industry Focus

Revenue: $30 to $200 million

Industrial Services

EBITDA: $7 to $20 million

Healthcare Services

Investment Type: Control Recapitalizations

Business Services

Geography: United States

The Bow River Approach Bow River Capital has developed a comprehensive strategy that seeks to effectively identify, execute, and close transactions. We apply an extensive due diligence process to every investment yet lean on our experience to ensure we align with the most promising investment opportunities. We value our relationship with management teams and seek to form long-term partnerships where we serve as a value-added resource.

Partnership

Value Creation

Experience

We provide dedicated support to portfolio companies and management teams

Drive growth through a focus on organizational development, expansion of products and services, and inorganic strategies

We lean on our expertise and diverse backgrounds to guide final investment decisions

Alignment

Focus

Flexibility

Focus on management owned businesses and invest in common equity alongside management teams

Thematic investment focus informed by our experience and industry and market research

We are nimble and can respond quickly to investment opportunities that align with our approach

205 DETROIT STREET SUITE 800

DENVER, CO 80206

P: 303.861.8466

BOWRIVERCAPITAL.COM

Boyne Capital | PE/Buyout Profile General Information Description Founded in 2006, Boyne Capital is a private equity firm headquartered in Miami, Florida. Boyne seeks to invest in lower middle market companies in a broad range of industries, including business services, niche manufacturing and distribution, healthcare services, infrastructure services, consumer products, and information technology. Boyne focuses on partnering with operators and entrepreneurs to grow businesses into industry leading companies. Website

www.boynecapital.com

Total Investments

85†

Entity Type

PE/Buyout

Active Portfolio

Also Known As

Boyne, Boyne Capital

Investments (TTM)

7†

Legal Name

Boyne Capital Management, LLC

Exits

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Med. Round Amount

Med. Valuation

# of Professionals

Investor Status

Actively Seeking New Investments

Year Founded

2006

AUM

$450MM+

Dry Powder

$200MM+

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Natalia Cosio

3350 Virginia Street

Senior Associate, Business Development ncosio@boynecapital.com

Suite 400

Phone: +1 (786) 539-2278

Miami, FL 33133 United States Phone: +1 (305) 856-9500 Fax: +1 (305) 856-9516 boynecapital.com/about/

Investment Preferences Preferred Revenue[s]

$20M - $100M

Preferred EBITDA

$3M - $15M

Preferred Industries Business Services, Niche Manufacturing and Distribution, Healthcare Services, Infrastructure Services, Consumer Products, and Information Technology Geographical Preference United States, Canada Preferred Deal Types Buyout/LBO, Addon, Corporate Divestiture, Management Buyout, PE Growth/Expansion, Recapitalization Preferred Verticals Infrastructure Services, Water & Wastewater, Private Label Food, Solar, Behavioral Health, It Asset Disposition, Home Services Other Investment Preferences Prefer majority stake, but can-do minority stake

Bravaldo Capital Advisors | Investment Bank Profile General Information Description Bravaldo Capital Advisors is an Atlanta, Georgia-based boutique mergers and acquisitions and corporate finance advisory firm. Established in 2010, the firm offers a full range of transaction and advisory services, guiding clients through sell-side transactions and exit strategy planning, growth through acquisition, debt restructuring, and corporate recapitalization. BCA serves lower-middle-market companies that are primarily located in the Southeastern United States. Website

www.bravaldocapitaladvisors.com

Year Founded

2006

Entity Type

Investment Bank

Employees

Also Known As

BCA

Service Breakdown

Legal Name

Bravaldo Capital Advisors, Inc.

Service Provider Type

Investment Bank (Primary Type) Financing Advisory

Serviced Companies: 28 Serviced Deals: 26 Serviced Investors: 2

Contact Information Primary Contact

Primary Office

Don Bravaldo III

2839 Paces Ferry Road, SE

Founder, President & Managing Partner

Suite 450

dbravaldo@bc-advisors.com

Atlanta, GA 30339

Phone: +1 (770) 599-7366

United States Phone: +1 (404) 857-2221 info@bc-advisors.com

Preferences Preferred Industries Building Products, Chemicals and Gases, Commercial Products, Commercial Services, Commercial Transportation, Computer Hardware, Consulting Services (B2B), Consumer Durables, Consumer Non-Durables, Distributors/Wholesale, Distributors/Wholesale (B2C), Healthcare Services, Industrial Supplies and Parts, IT Services, Machinery (B2B), Metals, Minerals and Mining, Textiles Geographical Preferences Southeast Preferred Deal Types Acquisition Financing, Asset Divestiture (Corporate), Buyout/LBO, Corporate, Corporate Divestiture, Debt - General, Debt Refinancing, Management Buyout, Merger/Acquisition, PE Growth/Expansion, Recapitalization Preferred Verticals Advanced Manufacturing, E-Commerce, Industrials, Manufacturing, SaaS, TMT

Broad Sky Partners General Information Broad Sky Partners is a private investment firm focused on partnering with leading middle market companies in the Business Services and Consumer Services sectors, and building enduring businesses through sustainable growth. We have a diverse experienced team of 17 investors and operating executives from industry-leading private equity firms. Our Dedicated Portfolio Resource Group works alongside the investment and management teams to accelerate growth and drive value creation by leveraging our BSP toolkit and extensive network and resources. We prioritize people, culture, and values, and maintain a straightforward, flexible and commercial approach. Contact Information Primary Contact

Primary Office

Amy Margolis

34 East 51st Street 11th Floor New York, NY 10022 United States

Managing Director, Head of Business Development amargolis@broadskypartners.com Phone: 1 (917) 873-8675

Investment Preferences Investing out of Fund 1; 4 current platforms

Sectors of Focus

Investment criteria: Equity Check $40M-$200M Ownership: Majority and significant minority Location: North America Target EBITDA- $8M-$30M

Business Services: Professional Services Commercial Services IT/Managed Services Specialty Distribution

Transaction Types: Buyouts Recapitalizations Carveouts

Consumer Services: Auto Aftermarket Residential Services Animal Health & Pet Food Value Chain Health & Wellness Services

Caltius Structured Capital | Mezzanine Profile General Information Description Established in 1997, Caltius Structured Capital is a mezzanine firm headquartered in Los Angeles, California. The firm focuses on providing junior debt and minority equity to lower middle-market companies in North America in a broad range of industries. Caltius Structured Capital invests in service-oriented, non-capital-intensive businesses such as business/professional services, consumer products and services, and companies in the light manufacturing sector. Website

www.caltius.com

Year Founded

1997

Entity Types

Mezzanine Investor

Employees

Also Known As

Service Breakdown

Caltius

Serviced Companies: 74 Serviced Deals: 90

Formerly Known As

Caltius Mezzanine

Legal Name

Caltius Capital Management, LP

Service Provider Type

Mezzanine (Primary Type) Lender

Contact Information Primary Contact

Primary Office

Kevin Greener

11766 Wilshire Boulevard

Principal

Suite 850

kgreener@caltius.com

Los Angeles, CA 90025

Phone: +1 (508) 208-6820

United States Phone: +1 (310) 996-9585 info@caltius.com

Preferences Enterprise Value $10.00M - $100.00M

Transaction Amount $7.00M - $50.00M

Preferred Industries Apparel and Accessories, Consumer Durables, Financial Services, Healthcare Services, Information Technology, Machinery (B2B), Services (Non-Financial) Geographical Preferences United States Preferred Deal Types Acquisition Financing, Asset Divestiture (Corporate), Bridge, Buyout/LBO, Debt - General, Debt Refinancing, Junior Debt, Leveraged Recapitalization, Loan, Management Buyout, Merger/Acquisition, Mezzanine, PE Growth/Expansion, Recapitalization, Revolving Credit Line, Senior Debt, Subordinated Debt Preferred Verticals CleanTech, EdTech, FinTech, HealthTech, LOHAS & Wellness, Manufacturing

Canerector | Private Company Profile General Information Description Canerector is a group of over 50 companies that design and manufacture industrial products across North America. Our companies are autonomous, led by entrepreneurial teams with in-depth knowledge and experience. We maintain a long-term focus on growth through reinvestment, support, and acquisitions. Our companies specialize in design, engineering, fabrication, machining, casting, and construction of industrial products. We supply to customers all over the world in a diverse range of end industries: aerospace, agriculture, energy, forestry, infrastructure, mining, nuclear, and transportation to name a few.

Website

www.canerector.com

Year Founded

1947

Entity Types

Family Office (single)

Universe

Other Private Companies

Also Known As

Canadian Erectors

Employees

3,000

Legal Name

Canerector Inc.

Business Status

Generating Revenue

Ownership Status

Privately Held (no backing)

Financing Status

Corporation

Industries, Verticals & Keywords Primary Industry

Verticals

Other Commercial Products

Manufacturing

Contact Information Primary Contact

Primary Office

David Redfern

1 Sparks Avenue

Director of Corporate Development

Toronto, Ontario M2H 2W1

dredfern@canerector.com

Canada

Phone: +1 (416) 385-4335

Phone: +1 (416) 225-6240 Fax: +1 (416) 225-1232

A D DRESSING T H E C A PITAL I N VE STMENT N E EDS O F LO WER M I DDLE -MARKET C OMPANIES

OVERVIEW Headquartered in Nashville, TN, with an additional office in Newport Beach, CA, Capital Alignment Partners (“CAP Funds”) has provided debt and equity to lower-middle market businesses since 2009. Generalists by nature, CAP Funds focuses on aligning its interests with management and other stakeholders, but has had a concentration of investments in healthcare, industrial and business service companies. Currently investing out of our fourth SBIC fund, which is a $375M investment vehicle, CAP Funds is actively looking to deploy capital to established lowermiddle market companies. Our fund structure and LP base allows us flexibility to invest subordinated debt, minority equity, control equity, or any combination.

CAP FUNDS SUMMARY Investment Experience Diverse investment background with over 130 years of combined investment experience in a variety of industries.

Flexible Capital Provide tailored debt and equity capital for growth, recapitalizations and consolidation strategies.

Focused Investment Strategy We have a core strength and focus on consolidation strategies in the healthcare and business service industries.

Reputation We rely on our industry experience, domain expertise, network of relationships, and capital markets experience to source our transactions.

Value-Add Investors Our investors consist of large family offices and institutional investors that act as resources for the funds.

Results Driven The firm has a proven track-record of creating value for our portfolio companies and investors.

Portfolio Company Criteria

Investment Criteria/Structure

Transaction Types

•

Healthcare and Business Services

•

Investment Size : $5M - $40M

•

MBOs and LBOs

•

Lower-Middle Market

•

Mezzanine Debt Investments

•

Strategic Consolidations

•

Recurring Revenue Model

•

Equity Investments

•

Balance Sheet Restructuring

•

Diversified Customer Base

•

Sponsored and Non-Sponsored

•

Recapitalizations

•

Strong Management Team/Depth

•

Control and Non-Control

•

Shareholder Liquidity

•

Growth Strategy

•

Revenue: $10M - $150M

•

ESOP

•

Acquisition Experience

•

EBITDA: $2M - $20M

•

Growth Capital

WWW.CAPFUNDS.COM

NASHVILLE

NEWPORT BEACH

Capital For Business | PE/Buyout Profile General Information Description Founded in 1959, Capital For Business is a private equity investment firm based in Saint Louis, Missouri. The firm seeks to invest in middle-market manufacturing and value-added industrial services companies. The firm makes investments through family and entrepreneur-owned transitions, management buyouts, leveraged buyouts, recapitalization, spinouts from larger entities, and independent sponsor transactions. Website

www.cfb.com

Entity Types

PE/Buyout Lender

Also Known As

CFB

Legal Name

Capital For Business, Inc.

Parent Company

Commerce Bank

Investor Type

PE/Buyout

Investor Status

Actively Seeking New Investments

Year Founded

1959

AUM

$200.00M

Dry Powder

$66.8M

Total Investments

161†

Active Portfolio

Investments (TTM)

Exits

Med. Round Amount

$4.50M

Med. Valuation

$20.00M

# of Professionals

Trade Association

National Association of Small Business Investment Companies (NASBIC)

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Stephen Broun

11 South Meramec Suite 1330 Saint Louis, MO 63105 United States

Managing Partner steve.broun@capitalforbusiness.com Phone: +1 (314) 746-7390

Phone: +1 (314) 746-7427 Fax: +1 (314) 746-8739 info@cfb.com

Investment Preferences Preferred Investment Amount[s]

$2M - $6M

Preferred Revenue[s]

$10M - $100M

Preferred Company Valuation[s]

$5M - $40M

Preferred Deal Size[s]

$5M - $40M

Preferred EBITDA

$2M - $7M

Preferred Investment Horizon[s]

5 - 7 years

Preferred Industries Accessories, Aerospace and Defense, Alternative Energy Equipment, Automotive, Beverages, BPO/Outsource Services, Building Products, Computers, Parts and Peripherals, Connectivity Products, Construction and Engineering, Diagnostic Equipment, Electrical Equipment, Electronic Components, Electronics (B2C), Energy Production, Environmental Services (B2B), Food Products, Government, Home Furnishings, Industrial Chemicals, Industrial Supplies and Parts, Information Services (B2C), Iron and Steel Mining, Machinery (B2B), Media and Information Services (B2B), Medical Records Systems, Metal Containers and Packaging, Multimedia and Design Software, Other Business Products and Services, Other Chemicals and Gases, Other Commercial Products, Other Commercial Services, Other Consumer Non-Durables, Other Consumer Products and Services, Other Containers and Packaging, Other Devices and Supplies, Other Hardware, Other Metals, Minerals and Mining, Pharmaceuticals, Printing Services (B2B), Publishing, Raw Mate rials (Non-Wood), Road, Surgical Devices, Systems and Information Management, Water Utilities

Geographical Preferences United States

Preferred Deal Types Add-on, Buyout/LBO, Management Buyout, PE Growth/Expansion, Recapitalization, Spin-Off

Preferred Verticals Manufacturing, Industrial Growth, Value-Added Distribution and other Business Services

Other Investment Preferences

Prefers majority stake, Will lead on a deal

A one-stop financing solution providing private credit and private equity capital to small businesses // ABOUT US //

REACH OUT //

Capitala Group is an asset management firm that has been providing private credit and private equity capital to lower- and middle-market businesses throughout North America for over twenty years. Since our inception in 1998, Capitala has invested over $2.2 billion into small businesses and strives to make an impact through responsible investing and a unified mission to support social impact initiatives.

STRATEGY // Capitala works with management teams, business owners, funded financial sponsors and independent sponsors to individually tailor private credit and private equity capital to support the needs of lower- and middle market businesses. We have seasoned professionals with real operational experience in a variety of industries that can assist with implementing key strategies for ongoing growth and success.

TRANSACTION TYPES // » » » » » »

Buyouts Recapitalizations Strategic Acquisitions Dividend Recapitalizations Debt Refinancings Add-ons

STRUCTURES // » » » » »

Senior Credit Facilities Unitranche Credit Facilities Mezzanine Capital Control Equity Capital Minority Equity Capital

Senior Credit Facilities - $10MM to $100MM Unitranche Credit Facilities - $10MM to $100MM Mezzanine Capital - $10MM to $50MM Control Equity Capital - $5MM to $25MM Minority Equity Capital - $2MM to $10MM

4201 Congress Street, Suite 360 Charlotte, NC 28209 704.376.5502 // capitalagroup.com *Includes Mitsui offices in New York.

RANDALL FONTES Managing Director - Atlanta rfontes@capitalagroup.com CHRIS NORTON Managing Director - Underwriting cnorton@capitalagroup.com ADAM RICHESON Managing Director - Charlotte aricheson@capitalagroup.com JACK VANDER LEEUW Director jvanderleeuw@capitalagroup.com ALEX PRUITT Vice President apruitt@capitalagroup.com AARON LEWIS Senior Associate alewis@capitalagroup.com BRIDGET MELLER Associate – Business Development bmeller@capitalagroup.com SELECTED INDUSTRY FOCUS AREAS //

INVESTMENT SIZES // » » » » »

JOE ALALA, III Founder & Chief Executive Officer jalala@capitalagroup.com

OFFICE LOCATIONS Charlotte, NC // Atlanta, GA New York, NY*

BUSINESS SERVICES // HEALTHCARE // CONSUMER SERVICES // GENERAL INDUSTRIAL // INFORMATION TECHNOLOGY // EDUCATION SERVICES // CAPITALA ADVISORY BOARD MEMBER LOCATIONS Atlanta, GA // Auburn Hills, MI // Bardstown, KY Fort Lauderdale, FL // Louisville, KY // Melborne, FL

Built for the Middle Market Common Goals. Uncommon Results.

Capstone Partners is one of the largest and most active middle market investment banking firms in the United States. Over the past 20 years, thousands of business owners, investors, and creditors have trusted us to help guide their strategic decisions and maximize financial outcomes at every stage of the corporate lifecycle.

175+

Industry Groups

of proven 20+ Years results

Experienced professionals

700+ Transactions closed

Offices in the US and 450+ partners worldwide

integrated 5 Fully service teams

Fully-Integrated Expertise We have developed a fully integrated range of investment banking and financial advisory services uniquely tailored to meet the needs of middle market companies, all supported by vast internal resources.

• • • •

Mergers & Acquisitions

Capital Advisory

Financial Advisory

Sell-side Advisory Buy-side Advisory Recapitalizations Mergers & Joint Ventures

• Equity Advisory • Debt Advisory • Infrastructure Finance

• • • • •

Transaction Advisory Interim Management Performance Improvement Valuation Advisory Litigation Support

Special Situations & ESOP Restructuring Advisory • • • • •

Special Situations Turnaround Restructuring Bankruptcy Insolvency

• • • •

Preliminary Analysis Feasibility Study ESOP Implementation Design & Execution

Specialized Industry Teams These capabilities are delivered with deep domain expertise across 12 dedicated industry groups with an established, realtime access to the private equity community. Our clients benefit from the vast network of relationships our industry banking professionals have with leading investors and strategic partners in their industry sector, giving them real-time access to market intelligence and proprietary analysis of emerging trends to incorporate into their strategic thinking. Aerospace & Defense

Building Products & Services

Business Services

Consumer & Retail

Education & Training

Energy & Power

FinTech & Services

Health & Medical

Industrials

Industrial Technology

Technology, Media & Telecom

Transportation & Logistics

For more information about our services or to access our proprietary industry insights visit:

www.capstonepartners.com

Securities products and services are offered by licensed securities representatives of Capstone Capital Markets LLC, registered broker-dealer and member, FINRA and SIPC. Capstone Capital Markets LLC is a subsidiary of Huntington Bancshares Incorporated. Capstone Capital Markets LLC provides financial advisory services and does not accept deposits, extend credit or engage in trading activity.

Internal Use

Carousel Capital | PE/Buyout Profile General Information Description Founded in 1996, Carousel Capital is a private equity investment firm based in Charlotte, North Carolina. The firm seeks to invest in companies operating in the business services, consumer services, and healthcare services sectors and based in the Southeastern United States. Website

www.carouselcapital.com

Total Investments

114†

Entity Type

PE/Buyout

Active Portfolio

Also Known As

Carousel

Investments (TTM)

10†

Legal Name

Carousel Capital Management Company, LP

Exits

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Med. Round Amount

$68.50M

Investor Status

Actively Seeking New Investments

Med. Valuation

$50.00M

Year Founded

1996

# of Professionals

AUM

$1.54B

Dry Powder

$525.96M

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Adam Elmore

201 North Tryon Street

Principal

Suite 2450

aelmore@carouselcapital.com

Charlotte, NC 28202

Phone: +1 (704) 372-2040

United States Phone: +1 (704) 372-2040 Fax: +1 (704) 372-1040 info@carouselcapital.com

Investment Preferences Preferred Deal Size[s]

$250M

Preferred EBITDA

$3M

Preferred Industries Automotive, BPO/Outsource Services, Clinics/Outpatient Services, Diagnostic Equipment, Distributors/Wholesale, Distributors/Wholesale (B2C), Education and Training Services (B2B), Educational and Training Services (B2C), Environmental Services (B2B), Logistics, Managed Care, Medical Records Systems, Medical Supplies, Other Containers and Packaging, Other Healthcare Technology Systems, Other Pharmaceuticals and Biotechnology, Other Retail, Other Services (B2C Non-Financial), Outcome Management (Healthcare), Pharmaceuticals, Practice Management (Healthcare), Surgical Devices, Therapeutic Devices Geographical Preferences Southeast Preferred Deal Types Add-on, Buyout/LBO, PE Growth/Expansion, Recapitalization Other Investment Preferences Prefers majority stake

Private Equity for the Lower-Middle Market Founded in 2001 with offices in Atlanta and New York, Caymus Equity Partners is a leading private equity firm that invests in entrepreneurial, often founder-owned, small businesses in the lower middle market. Our partnerships center around mutual culture, business values, and goals as the foundation for driving sustainable growth and value for all stakeholders. We serve as a resource to owners and management teams that are seeking a value-added partner to help fuel growth. We strive to work with management to develop and refine strategy and provide support while leaving day-to-day execution to the operators of the business.

Investment Criteria Company Attributes

Proven history of growth and strong free cash flow, with multiple growth avenues going forward

Industries

Business and Consumer Services

EBITDA

$2 to $12 million

Enterprise Value

$10 to $100 million

Ownership

Majority Investments

Equity Investments

$10 to $30 million

Capital Source

Currently investing committed capital out of Caymus Equity Partners Fund II

Geography

Atlanta 2727 Paces Ferry Rd SE Suite 1-1650

North America

Contact: ghogan@caymusequity.com www.caymusequity.com

Approach Culture-Based Partnerships Value-Added Support Quality-Focused Investment Strategy Management Support and Continuity

Experience 15

Platform Investments

Add-On Acquisitions

Active Investments

Realized Investments

$500+ Million

Combined Enterprise Values

New York 641 Lexington Avenue 20th Floor

FLEXIBLE JUNIOR CAPITAL

Investment Criteria

Centerfield works closely with equity sponsors, independent sponsors, business owners, and management teams who seek subordinated debt and equity financing to build companies and create value.

•

$15 to $100 million of revenue

•

$3 to $15 million of EBITDA

•

EBITDA margins generally > 10%

•

Experienced management

TRUSTED PARTNER AND EXPERIENCED INVESTOR

•

Positive industry trends

We are seasoned professionals with multiple years of investing experience. Centerfield has invested in over 100 companies through various economic cycles, remaining steadfast even during challenging times.

•

Stable and profitable growth

•

Strong market position

•

Sustainable margins

•

US based

HOLISTIC FINANCING SOLUTIONS We are currently investing from our fifth fund, totaling $400 million. Our check size ranges from $7 to $30 million. Along with our subordinated debt, we can provide sizable equity co-investments. We can also offer a one-stop solution by soliciting senior financing proposals from our Bank LPs.

Industry Focus •

Business Services

•

Consumer Products

•

Healthcare Services

RELATIONSHIP FOCUSED WITH INFLEXIBLE INTEGRITY

•

Manufacturing

Our team is honest and maintains an uncompromising adherence to strong moral and ethical principles. We strive to engender trust and forge long-term relationships with our investors and investment partners.

•

Value-Added Distribution

Representative company characteristics, including financial figures, may differ than those depicted above. We do not invest in early stage companies, distressed situations, or in the financial services, real estate, and retail industries.

LET’S PARTNER

Troy Clark

Tye Stebbins

To learn more or discuss a new investment opportunity, please contact:

317-268-8621 troy@centerfieldcapital.com

317-536-8652 tye@centerfieldcapital.com

OUR TEAM

Faraz Abbasi

Michael Miller

Mark Hollis

Jill Margetts

Tyler Hamacher

Managing Partner

Senior Partner

Partner

CFO, CCO

Troy Clark

Tye Stebbins

Augie Pence

Justin Haney

Adam Shaffer

Managing Director

Director

Principal

Vice President

Laura Burr

George Kirch

Stephanie Douglass Andrea Pedregon

Analyst

Financial Analyst

Administrative Assistant

The information contained herein is being provided for discussion purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, securities in any of the companies listed, or the securities of any of Centerfield’s investment partnerships. The companies listed herein are included for illustrative purposes only and is not a complete list of all companies in which Centerfield, through one or more of its investment partnerships, has made investments. It should not be assumed that the companies listed were or will be profitable, or that historical performance is indicative of future returns. Centerfield makes no guarantees of positive returns as investing in equities may involve significant risks, including the risk of total loss of funds invested, that a potential investor must be willing to bear. The information contained in this brochure is current as of the date hereof and is subject to change without notice.

3000 Market Tower 10 West Market Street Indianapolis, IN 46204 centerfieldcapital.com

Find us on LinkedIn

CenterOak Partners is a private equity firm that invests in lower middle-market companies in the industrial growth, consumer and business service sectors

Investment Criteria

Company Size

Equity Investments

Enterprise Value

Geography

Ownership

$7-35M EBITDA

$30-150M

$50-500M

United States

Majority

(no minimums for add-ons)

Business Services

Facilities Management & Services

Infrastructure Services

Environmental Services

(international for add-ons)

Industrial Growth

Machinery Maintenance & Repair

Specialty Distribution

Transaction Focus

Industrial Technology

Specialty Coatings, Chemicals and Adhesives

Consumer

Outsourced Industrial Services

Company Attributes

Buyouts and recapitalizations

Experienced management

Family-owned and closely held businesses

Organic and acquisitive growth Operational improvements

CEO-backed buy & builds

Market leader in its niche

Non-core carve-outs

Platform Acquisitions

Sustainable competitive advantage

130+ Add-on Acquisitions

$2B+ Equity Capital Commitments

100 Crescent Court, Suite 1700, Dallas, TX 75201 | 214-301-4201

(51%+)

Residential Services

Wellness & Personal Care

Enthusiast Driven Products

Auto Aftermarket

Building Stronger Companies: That’s The Core Mission At CenterOak. Based in Dallas, CenterOak was formed by senior leaders who have successfully invested together for over 20 years, with a core mission of putting our sector expertise to work for portfolio companies.

20+

Years Our Investment Partners Have Worked Together

CenterOakPartners.com

Chatham Capital | Investor Profile General Information Description Chatham Capital is a private investment firm that concentrates on lower-middle market companies with sustainable cash flow from operations. The firm is headquartered in Atlanta, Georgia. It provides debt and equity financing to companies throughout North America. Website

www.chathamcapital.com

Total Investments

190†

Entity Types

Investor Private Company Mezzanine

Active Portfolio

Investments (TTM)

4†

Chatham

Exits

215

Legal Name

Chatham Capital Partners, Inc.

Med. Round Amount

Investor Types

Senior/Mezzanine Debt (Primary Type) Lender/Debt Provider Growth/Expansion PE/Buyout

Med. Valuation

# of Professionals

Also Known As

Investor Status

Actively Seeking New Investments

Year Founded

2000

AUM

$240M

Dry Powder

$100M

† Includes add-ons

Contact Information Primary Contact

Primary Office

Brian Reynolds brian@chathamcapital.com

1230 Peachtree Street NorthEast Suite 1900 Atlanta, GA 30309 United States

Phone: +1 (770) 618-2100

Founder & Managing Partner

Fax: +1 (770) 618-2101 info@chathamcapital.com

Investment Preferences Preferred Investment Amount[s]

$5M - $40M

Preferred Revenue[s]

$10M - $100M

Preferred Company Valuation[s]

$5M - $3B

Preferred Deal Size[s]

$5M - $300M

Preferred EBIT

$3M

Preferred EBITDA

$3M - $20M

Preferred Investment Horizon[s]

3 - 5 years

Preferred Industries Containers and Packaging, Electrical Equipment, Industrial Supplies and Parts, Machinery (B2B), Other Business Products and Services, Other Commercial Products, Other Commercial Services, Other Consumer Products and Services, Other Devices and Supplies, Other Financial Services, Other Healthcare, Other Healthcare Services, Other Healthcare Technology Systems Geographical Preferences North America Preferred Deal Types Acquisition Financing, Buyout/LBO, Debt - General, Management Buyout, Mezzanine, PE Growth/Expansion, Recapitalization Preferred Verticals HealthTech, Industrials, Manufacturing, Mobile, SaaS, TMT Other Investment Preferences Prefers majority stake, Prefers minority stake, Will syndicate

Cherry Bekaert | Accounting/Auditor Profile General Information Description Founded in 1947, Cherry Bekaert is an accounting firm headquartered in Richmond, Virginia. The firm specializes in focus areas including tax, accounting, assurances, wealth management, and consulting services. Cherry Bekaert caters to technology, healthcare, life sciences, retail, restaurants, government contracting, real estate, construction, manufacturing, distribution, financial institutions, colleges, and universities. Website

www.cbh.com

Year Founded

Entity Types

Accounting/Auditor Private Company Acquirer

Employees

1997

Service Breakdown

Serviced Companies: 350 Serviced Deals: 771 Serviced Investors: 350 Serviced Funds: 145

Formerly Known As

Bekaert & Holland, Cherry, Bekaert & Holland

Legal Name

Cherry Bekaert LLP

Service Provider Type

Accounting/Auditor

1947

Contact Information Primary Contact

Primary Office

Luis Reyes

3800 Glenwood Avenue

Partner, Regional Market Leader - Southeast

Suite 200

luis.reyes@cbh.com

Raleigh, NC 27612

Phone: +1 (404) 209-0954

United States Phone: +1 (919) 782-1040 Fax: +1 (919) 783-0976 info@cbh.com Atlanta Office 1075 Peachtree St. NE Suite 1600 Atlanta, GA 30309 Phone: +1 (404) 209-0954

Preferences Preferred Industries Accounting, Audit and Tax Services (B2B), Aerospace and Defense, Application Software, Asset Management, Beverages, Broadcasting, Radio and Television, Buildings and Property, Business/Productivity Software, Clinics/Outpatient Services, Communications and Networking, Computer Hardware, Construction and Engineering, Consulting Services (B2B), Consumer Finance, Distributors/Wholesale, Financial Software, Food Products, General Merchandise Stores, Government, Hospitals/Inpatient Services, Hotels and Resorts, Human Capital Services, Information Services (B2C), Infrastructure, Insurance, International Banks, IT Services, Legal Services (B2B), Leisure Facilities, Logistics, Machinery (B2B), Media and Information Services (B2B), Medical Supplies, Movies, Music and Entertainment, National Banks, Other Business Products and Services, Other Capital Markets/Institutions, Other Commercial Banks, Other Commercial Products, Other Commercial Services, Other Consumer Durables, Other Consumer Non-Durables, Other Consumer Products and Services, Other Devices and Supplies, Other Financial Services, Other Healthcare, Other Healthcare Technology Systems, Other Information Technology, Other Media, Other Restaurants, Hotels and Leisure, Other Retail, Other Software, Other Transportation, Pharmaceuticals and Biotechnology, Practice Management (Healthcare), Private Equity, Real Estate Investment Trusts (REITs), Real Estate Services (B2C), Restaurants and Bars, Social Content Geographical Preferences United States Preferred Deal Types PE Growth/Expansion, Healthcare, Professional Services, Technology, Industrials, Hospitality, Early Stage VC, Later Stage VC, Merger/Acquisition, PE Growth/Expansion Preferred Verticals Advanced Manufacturing, Cybersecurity, E-Commerce, EdTech, FinTech, Gaming, Industrials, Infrastructure, Life Sciences, Manufacturing, Mobile, SaaS

1/9/24

CIBC Bank USA | Commercial Bank Profile General Information Description CIBC provides U.S. clients with tailored commercial, wealth management, personal and small business financial solutions, as well as cross-border banking services to clients with North American operations. As a leading commercial bank, CIBC offers custom lending, treasury management, capital markets and syndications solutions. Website

us.cibc.com

Year Founded

1991

Entity Types

Commercial Bank Banking Institution

Service Breakdown

Also Known As

CIBC

Service Provider Type

Commercial Bank (Primary Type) Lender

Serviced Companies: 237 Serviced Deals: 242 Serviced Investors: 6 Serviced Funds: 5

Contact Information Primary Office

Southeast Office

120 South LaSalle Street

The Forum at West Paces

Chicago, IL 60603

3290 Northside Parkway NW, 7th Floor

United States

Atlanta, GA 30327

Phone: +1 (312) 564-2000 info@cibc.com

Contact: 404-926-2431 patrick.putman@cibc.com 404.926.2449 timothy.roberts@cibc.com

Preferences Transaction Amount $10.00M - $50.00M Preferred Industries

Geographical Preferences

Preferred Deal Types

Preferred Verticals

Manufacturing, Distribution, Professional Services, IT, Financial Services, Other Services (B2C Non-Financial), Real Estate Investment Trusts (REITs), Real Estate Services (B2C), Regional Banks, Specialized Finance, Thrifts and Mortgage Finance

Southeast Great Lakes, Midwest New England Upper Midwest

Buyout/LBO, Convertible Debt, Debt - General, Debt - PPP, Debt Refinancing, Debt Repayment, Loan, PE Growth/Expansion, Revolving Credit Line, Secured Debt, Senior Debt

Commercial & Industrial Environmental Services Healthcare Innovation Insurance Security Industry Commercial Real Estate

Citizens M&A Advisory | Investment Bank Profile General Information Description Citizens M&A Advisory offers a relationship-first approach, prioritizing the development and maintenance of long-term connections with clients and other partners. With a growing platform that offers a full range of investment banking services, our highly sophisticated bankers lead with sector expertise, bringing specialized knowledge to bear in every transaction. Citizens Capital Markets & Advisory is the investment banking division of Citizens Financial Group, Inc. (NYSE: CFG). The firm has acquired multiple firms to bolster its investment banking capabilities including Western Reserve, Bowstring Advisors, Trinity Capital, DH Capital, and JMP Group. Citizens are one of the nation's oldest and largest financial institutions. https://www.citizensbank.com/investmentbanking

Contact Information Primary Contact

Primary Office

Scott Rhodes

3550 Lenox Road NorthEast

Managing Director

Suite 1200

Scott.Rhodes@citizensbank.com

Atlanta, GA 30326

Phone: +1 (404) 461-4621

United States Phone: +1 (404) 461-4600

Preferences Enterprise Value $50M - $500M

Transaction Amount $50M - $500MM

Preferred Industries

Geographical Preference

Preferred Deal Types

Business Products and Services (B2B), Consumer Products and Services (B2C), Healthcare, Information Technology & Software, Aerospace & Defense, Financial Services, Gaming & Lodging, Transportation & Logistics, Industrials

North America

Acquisitions, Exits, Add-ons, Buyout/LBO, Debt - General, Investor Buyout by Management, Management Buyout, Merger/Acquisition, PE Growth/Expansion, Recapitalization, Senior Debt

Clarion Capital Partners | PE/Buyout Profile General Information Description Founded in 1999, Clarion Capital Partners is a middle market private equity firm based in New York. The firm looks to invest $25-100 million into growing companies in business and healthcare services, media/entertainment/technology, financial services, and consumer. Clarion can be a majority or minority investor. Website

www.clarion-capital.com

Total Investments

45†

Entity Type

PE/Buyout

Active Portfolio

Also Known As

Clarion

Investments (TTM)

5†

Legal Name

Clarion Capital Partners, LLC

Exits

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Med. Round Amount

$20.0M

Investor Status

Actively Seeking New Investments

Med. Valuation

$41.10M

Year Founded

1999

# of Professionals

AUM

$1.95B

Trade Association

Dry Powder

$600M

Principles for Responsible Investment (PRI)

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Marc Utay

527 Madison Avenue

Founder & Managing Partner

11th Floor

mutay@clarion-capital.com

New York, NY 10022

Phone: +1 (212) 821-0177

United States Phone: +1 (212) 821-0111 Fax: +1 (212) 371-7597

Investment Preferences Preferred Investment Amount[s]

$25M - $100M

Preferred EBITDA

$7.5M - $30M

Preferred Industries Business Services, Financial Services, Healthcare Services, Media/Entertainment/Technology, Consumer Geographical Preference United States Preferred Deal Types Buyout/LBO, Growth/Expansion Preferred Verticals Finance and Accounting, Human Resources, IT Services, Legal Services, Insurance Services, Direct to Consumer, Back of the House Service Providers to Consumer Products Companies, Food, Personal Care, Consumer Health, Revenue Cycle Management, Payor Services, Provider Services, Entertainment Services & Software, Online Sports Betting, Content, Mobile Gaming, Advertising Technology, Ecommerce Marketing, Marketing Automation, Data Privacy, Consumer Credit Services, Alternative Lending, Digital Transformation at Financial Institutions, Open Banking, Insurance Technology/Innovation, Mortgage / Real Estate Technology And Services Other Investment Preferences Prefers majority stake but will make minority investments.

Clearview Capital | PE/Buyout Profile General Information Description Founded in 1999, Clearview Capital is a private equity firm headquartered in Stamford, Connecticut. The firm seeks to make control and noncontrol investments in portfolio companies in the business services, consumer, healthcare services, manufacturing, and specialized distribution sectors in the USA and Canada. Website

www.clearviewcap.com

Total Investments

152†

Entity Type

PE/Buyout

Active Portfolio

Also Known As

Clearview Capital

Investments (TTM)

10†

Legal Name

Clearview Capital, L.P.

Exits

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Med. Round Amount

$36.00M

Med. Valuation

$36.00M

# of Professionals

Investor Status

Actively Seeking New Investments

Year Founded

1999

AUM

$2.04B

Dry Powder

$933.78M

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact James Andersen Co-Founder & Managing Partner jandersen@clearviewcap.com Phone: +1 (203) 698-2777

Primary Office 1010 Washington Boulevard 11th Floor Stamford, CT 06901 United States info@clearviewcap.com

Investment Preferences Preferred Investment Amount[s]

$25M - $100M

Preferred EBITDA

$4M - $20M

Preferred Investment Horizon[s]

3 - 7 years

Preferred Industries Agriculture, Apparel and Accessories, Building Products, Chemicals and Gases, Commercial Services, Commercial Transportation, Computer Hardware, Construction (Non-Wood), Consumer Durables, Containers and Packaging, Energy Equipment, Energy Services, Exploration, Production and Refining, Forestry, Healthcare Devices and Supplies, Healthcare Technology Systems, Industrial Supplies and Parts, IT Services, Metals, Minerals and Mining, Other Business Products and Services, Other Commercial Products, Other Consumer Products and Services, Other Energy, Other Healthcare, Other Healthcare Services, Other Information Technology, Other Materials, Other Pharmaceuticals and Biotechnology, Other Services (B2C Non-Financial), Semiconductors, Software, Geographical Preferences Canada, United States Preferred Deal Types Add-on, Buyout/LBO, Corporate Divestiture, Management Buyout, PE Growth/Expansion, Recapitalization Preferred Verticals Industrials, Manufacturing, Business Services, Healthcare Services Preferred Fund Types Prefers majority stake, Will syndicate

A family office investment advisory firm, focused on building a lasting legacy of significance and stewardship. Clearwell Group makes control and meaningful minority investments in companies located in the southeastern United States with a focus on the state of Florida.

BUYOUTS

REAL ESTATE

Investment Criteria:

Our Approach:

• Buyouts: $2+ million EBITDA

• We work with high quality entrepreneurs • We bring patient capital to bear • We do not hold partners to artificial time constraints • We take a collaborative approach with management • We leverage our partners’ experience and network • We provide the right amount of capital over the right period of time

• Real Estate: Tax-efficient development • Industries of Interest: Manufacturing, business services, environmental services, transportation, healthcare, software, distribution, financial services • Locations: Southeastern United States, with a focus on the state of Florida

Representative Investments:

Contact Information: Ryan Cortner ryan@clearwellgroup.com Tyler Franz tyler@clearwellgroup.com Emery Ellinger IV emery@clearwellgroup.com

Proprietary & Confidential

Clearwell Group 610 W De Leon St. Tampa, FL 33606 (813) 435-5600 clearwellgroup.com

Contact: MIKE ALBERTS Principal malberts@coherecapital.com (617) 203-7766

WHO WE ARE COHERE CAPITAL is a private equity firm focused exclusively on middle market growth companies. Our team has a long track record and deep experience investing in and working with growth companies, and we bring that experience to our partnerships with entrepreneurs, management teams, and companies. GROWTH IS OUR FOCUS We are currently investing out of our $200 MILLION debut private equity fund from an institutional investor base including leading foundations, insurance companies, and family offices as well as executives of companies where Cohere professionals were previously involved.

INVESTMENT CRITERIA Core Focus

Business Services and Technology

Investment Type

Majority or influential minority ownership

Enterprise Value

$20 million – $250 million

EBITDA

$3 million – $20 million

Growth

Annual growth of 10%+ and/or established growth thesis

OUR CURRENT PORTFOLIO

AWS Consulting and Managed Services

Digital Advertising Technology for SMBs

Advertising Technology Platform

E-Commerce Brand and Retailer

Digital Marketing Technology and Services

Google Cloud Partner IT Services & Software

Digital Engagement and Loyalty Solutions

800 Boylston Street, Prudential Tower, 22nd Floor | Boston, MA | (617) 245-4020 | www.coherecapital.com

A St. Louis Firm with Midwestern Values

WHO WE ARE Compass Group is a St. Louis-based private investment firm that partners with small-to-medium sized private companies that prioritize people, values, and results. The firm launched in 2015 to leverage the group’s experience as entrepreneurs, business owners, and executives to invest alongside owners and management teams of closely held businesses with a focus on long-term value creation. The firm recently completed the successful closing of its first pooled fund of $255 million. We are seeking to partner with high-quality companies and offer the capital, operational expertise, and strategic guidance to support management teams in accelerating growth, exceeding historical performance and creating market leading businesses.

OUR INVESTMENT APPROACH We are top-down, thesis-driven investors. We take a proactive approach to identifying attractive areas of the market that excite us and we pursue them with conviction. Through partnering with the right people we seek high quality investment opportunities that align with our theses. Platform Investments

Enterprise value of $20 to $100 million

EBITDA

Between $2 and $12 million

Industries

Niche Manufacturing & Value-Added Distribution Business & Consumer Services

Location

North America

Investment Dynamic

Buyouts; Recapitalizations; Family Succession; Carve-Outs; Industry Consolidations

AREAS OF INTEREST

WE INVEST IN SMALL COMPANIES WITH BIG IDEAS People First Motivated management team that seeks to transition with the business to steer it through the next growth phase Winners Sustainable competitive advantage and defensible market position whether through a unique business model, IP, technological advantage or otherwise Growth Oriented A clear path toward expanding market position that can benefit from additional capital and operational resources

A DIFFERENTIATED MODEL Values Oriented We employ a people-first approach and maintain high standards of ethics and integrity for ourselves and our partners in everything we do Partnership We are aligned with our management teams through meaningful equity and enable them to succeed by providing operational and strategic support Thematic Strategy We are not agnostic investors; we invest in areas aligned with our expertise to drive value through operational skill, not financial engineering

NICHE MANUFACTURING & DISTRIBUTION

BUSINESS & CONSUMER SERVICES

Advanced Materials

Testing, Inspection, Certification & Measurement

Industrial Automation/Motion Control

Business Process Outsourcing

Test & Measurement Devices

Specialty Physician Practice Management

Specialty Kitting, Fulfillment and Packaging

Home Services

TO DISCUSS NEW OPPORTUNITIES Stu Noel, Director 314.384.1102 | stuartn@cgep.com

Jonathan Babcok, Associate 314.384.1106 | jonathanb@cgep.com

Will consider all sizes and locations for add-on acquisitions. We do not invest in retail, hi-tech, bio-tech, restaurants, financial services, real estate, or consumer products.

7701 Forsyth Boulevard | Seventh Floor | St. Louis, MO 63105 | O: 314.721.2800 | W: cgep.com

Comvest Partners is an operationally focused private equity and credit investment ﬁrm with more than $9.9 billion of assets under management and over $11.7 billion invested since inception in 2000. We have supported the capital needs of well-positioned North American middle-market companies for more than 20 years, providing tailored investment solutions across the capital structure, deep industry expertise, a collaborative approach, and signiﬁcant transaction experience as an active investor.

PRIVATE EQUITY STRATEGY Comvest’s Private Equity strategy pursues control investments in market-leading companies that can benefit from our strategic and operational guidance to realize their full potential. Through our extensive capital resources and broad network of industry relationships, we offer our companies financial sponsorship, critical strategic and operational support, and business development assistance.

Enhance Operational Improvements

Improve Corporate Infrastructure

Accelerate Growth Through M&A

Transaction Types

Investment Criteria • EBITDA > $10M • $50M – $150M+ Investment • Will pursue larger transactions with LP co-investment

• Founder & Family Transition • Leveraged Recaps • Corporate Divestitures

Human Capital Investment

• Buyouts • Complex Situations • Public-to-Private

DEEP INDUSTRY EXPERTISE Consumer & E-commerce

Healthcare Services

Industrial Services

Outsourced Services

• Apparel & Footwear • Consumer Services • Food & Beverage • Home Products • Multi-Unit • Personal Care Products

• Behavioral Health • Dental • Managed Care Services • Multi-site Consumer Driven Models • Outsourced Services • Payor Services • Physician Practice Mgmt.

• Building Products • Industrial & Environmental • Infrastructure • Maintenance & Repair • Paper & Packaging • Testing & Inspection • Transportation & Logistics • Utility Services

• BPO • Facility • HR & Human Capital • IT Managed Services • Marketing • Payment Processing • Security • Tech-enabled • Telecom

BUSINESS DEVELOPMENT CONTACTS Alex Ray, Director

a.ray@comvest.com

Derek Katchis, Vice President d.katchis@comvest.com

INVESTMENT TEAM CONTACTS Maneesh Chawla, Managing Partner Roger Marrero, Senior Partner m.chawla@comvest.com

r.marrero@comvest.com

Marshall Griﬃn, Partner

Kevin LaHatte, Partner

Matt Kunz, Principal m.kunz@comvest.com

Andrew Shear, Principal

k.lahatte@comvest.com

m.griﬃn@comvest.com

a.shear@comvest.com

WEST PALM BEACH • CHICAGO • NEW YORK • WWW.COMVEST.COM

Configure Partners | Investment Bank Profile General Information Description Configure Partners is a preeminent credit-oriented boutique investment bank headquartered in Atlanta. The firm specializes in debt placement, credit resolution, special situations, and M&A advisory, providing superior client service and execution to middle-market private equity sponsors in acquisition finance, refinancing, and dividend recapitalization transactions. Our people-driven team of bankers differentiates through real-time knowledge of the debt capital markets and becomes a true extension of our client’s teams, delivering unmatched results and an exceptional client experience. Website

www.configurepartners.com

Year Founded

2017

Entity Type

Investment Bank

Employees

Also Known As

Configure

Service Breakdown

Legal Name

Configure Partners, LLC

Service Provider Type

Investment Bank (Primary Type) Financing Advisory

Serviced Companies: 67 Serviced Deals: 41 Serviced Investors: 16

Contact Information Primary Contact

Primary Office

Jay Jacquin

3280 Peachtree Road NorthEast, 7th floor

Managing Director

Atlanta, GA 30305

jjacquin@configurepartners.com

United States

Phone: +1 (678) 723-4575

Phone: +1 (678) 723-4575 info@configurepartners.com

Preferences Transaction Amount $1.00M - $250.00M Preferred Industries Accessories, Aerospace and Defense, Aluminum Mining, Application Software, Asset Management, Automotive, BPO/Outsource Services, Broadcasting, Radio and Television, Brokerage, Building Products, Buildings and Property, Business Equipment and Supplies, Business/Productivity Software, Clothing, Coal Mining, Construction and Engineering, Consulting Services (B2B), Consumer Finance, Distributors/Wholesale, Electrical Equipment, Electronics (B2C), Energy, Environmental Services (B2B), Food Products, Footwear, Forestry Processing, General Purpose Semiconductors, Healthcare, Holding Companies, Home Furnishings, Horticulture, Hotels and Resorts, Industrial Supplies and Parts, Information Services (B2C), Investment Banks, IT Consulting and Outsourcing, Legal Services (B2B), Leisure Facilities, Logistics, Machinery (B2B), Media and Information Services (B2B), Movies, Music and Entertainment, Multimedia and Design Software, National Banks, Other Agriculture, Other Commercial Products, Other Commercial Services, Other Communications and Networking, Other Consumer Durables, Other Consumer Non-Durables, Other Containers and Packaging, Other Financial Services, Other IT Services, Other Services (B2C Non-Financial), Paper Containers and Packaging, Paper/Soft Products, Plastic Containers and Packaging, Printing Services (B2B), Private Equity, Publishing, Rail, Real Estate Services (B2C), Regional Banks, Restaurants and Bars, Retail, Road Geographical Preferences United States Preferred Deal Types Acquisition Financing, Bankruptcy: Admin/Reorg, Buyout/LBO, Debt - General, Debt Conversion, Debt Refinancing, Distressed Acquisition, Dividend Recapitalization, Leveraged Recapitalization, Merger of Equals, Merger/Acquisition, Mezzanine, PE Growth/Expansion, Unsubordinated Debt Preferred Verticals CleanTech, E-Commerce, Industrials, Infrastructure, Life Sciences, LOHAS & Wellness, Manufacturing, Marketing Tech, Mobility Tech, Oil & Gas, SaaS, TMT

The Investment Bank for the Middle Market copperruncap.com

ABOUT COPPER RUN Copper Run offers comprehensive merger and acquisition advisory services, helping our clients identify and execute their corporate growth and exit strategies. As your trusted advisor, we deliver a tailored approach to maximize shareholder value and achieve a successful outcome for all parties involved. We have deep experience leading full exits, divestiture, and carve-out transactions.

SERVICES Sell-side M&A

Strategic Advisory

Capital Raising

Buy-side M&A

Valuations

Market Research

2008 Founded 190+

Transactions

28+

Deal Professionals

RECENTLY CLOSED DEALS

Buy-Side Advisor

Sell-Side Advisor

Buy-Side Advisor

GET IN TOUCH Lizabeth Roth, JD

Vice President lroth@copperruncap.com 440-554-5631

copperruncap.com 614-888-1786 linkedin.com/company/copperruncap

Cresa | Other Consultant Type Profile General Information Description Established in 1993, Cresa is a real estate advisory firm headquartered in Washington, District of Columbia. The firm provides services in the areas of facilities management, lease administration, acquisitions and dispositions, project management, site selection, financial modeling, and transaction management. The firm caters to companies in the education, energy, entertainment, life sciences, hospitality financial services, transport, and logistics sectors among others. Website

www.cresa.com

Year Founded

1993

Entity Types

Other Consultant Type Private Company Acquirer

Employees

1000

Service Breakdown

Serviced Companies: 150 Serviced Deals: 2 Serviced Investors: 10

Legal Name

Cresa Corp.

Service Provider Type

Other Consultant Type (Primary Type) Financing Advisory

Contact Information Primary Contact Andy Roberts

Primary Contact Brooks Morris

Principal

aroberts@cresa.com

bmorris@cresa.com

Phone: +1 (404) 446-1866

Phone: +1 (424) 400-9554

Primary Office 167 North Green Street Suite 1301 Chicago, IL 60607 United States Phone: +1 (312) 376-4100 Fax: +1 (312) 376-4200

Preferences Preferred Industries Accessories, Accounting, Audit and Tax Services (B2B), Accounting, Audit and Tax Services (B2C), Agricultural Chemicals, Application Software, Aquaculture, Automation/Workflow Software, Automotive Insurance, Beverages, BPO/Outsource Services, Buildings and Property, Business/Productivity Software, Cable Service Providers, Capital Markets/Institutions, Clothing, Commercial Products, Commercial Transportation, Communication Software, Computers, Parts and Peripherals, Connectivity Products, Construction and Engineering, Consulting Services (B2B), Consumer Finance, Cultivation, Database Software, Education and Training Services (B2B), Educational and Training Services (B2C), Electronic Equipment and Instruments, Electronics (B2C), Energy, Entertainment Software, Environmental Services (B2B), Financial Software, Food Products, Forestry Processing, General Merchandise Stores, General Purpose Semiconductors, Government, Healthcare, Holding Companies, Household Appliances, Human Capital Services, Internet Retail, Internet Service Providers, Internet Software, IT Services, Legal Services (B2B), Life and Health Insurance, Logistics, Media, Media and Information Services (B2B), Multi-line Insurance, Multimedia and Design Software, Network Management Software, Office Services (B2B), Operating Systems Software, Other Agriculture, Other Business Products and Services, Other Chemicals and Gases, Other Commercial Banks, Other Commercial Services, Other Communications and Networking, Other Consumer Durables, Other Consumer Non-Durables, Other Consumer Products and Services, Other Containers and Packaging, Other Financial Services, Other Information Technology, Other Insurance, Other Materials, Other Retail, Other Semiconductors, Other Services (B2C NonFinancial), Other Software, Paper Containers and Packaging, Paper/Soft Products, Personal Products, Plastic Containers and Packaging, Property and Casualty Insurance, Raw Materials (Non-Wood), Re-Insurance, Real Estate Investment Trusts (REITs), Real Estate Services (B2C), Restaurants, Hotels and Leisure, Social/Platform Software, Software Development Applications, Specialized Finance, Specialty Chemicals, Specialty Retail, Synthetic Textiles, Thrifts and Mortgage Finance, Transportation, Wireless Communications Equipment, Wireless Service Providers Geographical Preferences Australia, Brazil, Canada, China, Colombia, France, Germany, Greece, Hong Kong, India, Ireland, Japan, Mexico, Netherlands, Poland, Portugal, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, United Arab Emirates, United Kingdom, United States, Uruguay, Vietnam Preferred Deal Types Acquisition Financing, Grant, Merger/Acquisition, Sale-Lease back facility Preferred Verticals AgTech, Artificial Intelligence & Machine Learning, Augmented Reality, Big Data, CleanTech, Climate Tech, CloudTech & DevOps, Cybersecurity, Digital Health, E-Commerce, FinTech, FoodTech, HealthTech, HR Tech, Industrials, Internet of Things, Life Sciences, LOHAS & Wellness, Manufacturing, Marketing Tech, Mobile, Mobility Tech, Nanotechnology, Oil & Gas, Oncology, Real Estate Technology, Robotics and Drones, SaaS, Space Technology, Supply Chain Tech, TMT

OVERVIEW

Since 1996, Croft & Bender has provided superior M&A, private capital raising, and financial advisory services to middle-market and emerging growth companies. The senior professionals have completed more than 1,000 corporate finance engagements, resulting in deep experience across a broad set of industries and types of transactions. In addition, the firm manages C&B Capital, three growth equity funds with over $82 million under management.

Frank H. “Bo” Briggs, III Managing Director bbriggs@croft-bender.com (404) 841-0639 Ronald B. Goldman Managing Director rgoldman@croft-bender.com (404) 841-0735 Steve B. Tye Managing Director stye@croft-bender.com (404) 841-9351

BROAD INDUSTRY EXPERTISE BUSINESS SERVICES

R. Neale Fisher Managing Director nfisher@croft-bender.com (404) 574-2906

Information Services Marketing Services Financial Services Outsourced Services A/R Management Staffing Consulting

Kyle C. Schickner Managing Director kschickner@croft-bender.com (404) 574-2897 Matthew A. Veal Managing Director mveal@croft-bender.com (404) 841-0056

HEALTHCARE

Healthcare IT Clinical Services Outsourced Services Alternate Site Care Medical Products/Distribution

Erik M. Zalenski Managing Director ezalenski@croft-bender.com (404) 841-9826 Connor W. Boston Vice President cboston@croft-bender.com (404) 328-4809

INDUSTRIAL

General Manufacturing Building Products Logistics Specialty Contracting Distribution Industrial Services Chemicals

CONSUMER

Products/Services Franchising Restaurants Retail Entertainment/Leisure

DEAL CRITERIA

Brad Germany Vice President bgermany@croft-bender.com (404) 328-4838

MERGERS & ACQUISITIONS

Jonathan Hartley Director of Business Development jhartley@croft-bender.com (404) 328-4837

TECHNOLOGY

Software/SaaS Financial Technology Human Capital Management Internet Marketing E-Commerce Security/Compliance Business Intelligence Telecommunications

• Buy side/sell side • Enterprise Values up to $500 million • EBITDA greater than $5 million • Exceptions to typical EBITDA criteria: – Technology/High growth companies – Special situations

EQUITY & DEBT CAPITAL RAISES

• Middle-market companies • Emerging growth businesses • Large market opportunity • Experienced management team • Differentiated product or service • Greater than $20 million capital need

4401 Northside Parkway Suite 395 Atlanta, Georgia 30327 (404) 841-3131 www.croft-bender.com Member SIPC and FINRA

100

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101

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DiversifiedIndustrials Group

IN V E S TM E N T BA N K IN G

D.A. Davidson’s Diversified Industrials Investment Banking Group draws on deep sector expertise and global relationships to serve a wide range of clients across the different sectors of the industrial economy. We help industrial companies maximize the value of their businesses by providing M&A, strategic advisory, and equity capital markets capabilities.

Sector Focus

AEROSPACE, DEFENSE & SPACE

TIM SZNEWAJS

DAVID MORSE

AMAR SINGH

Managing Director,

Managing Director

Director

AARON SCRO Vice President

Head of the Diversified Industrials Group

dmorse@dadco.com

asingh@dadco.com

ascro@dadco.com

tsznewajs@dadco.com D.A. DAVIDSON & CO MEMBER SIPC

*Transactions completed by current professionals prior to joining the firm.

DADAVIDSON.COM

102

De NES Partners | Investment Bank Profile General Information Description De NES Partners is a boutique mergers and acquisitions advisory firm dedicated to serving owners of single and multi-generational families and other privately-held businesses across the United States and works across the full spectrum of manufacturing, distribution, and company-to-company business services. The firm was founded in 2013 and is based in Atlanta, Georgia. Website

www.denespartners.com

Year Founded

2013

Entity Type

Investment Bank

Employees

Formerly Known As

CBIZ Mergers & Acquisitions Group

Service Breakdown

Legal Name

De NES Partners, LLC

Service Provider Type

Investment Bank

Serviced Companies: 19 Serviced Deals: 18 Serviced Investors: 1

Contact Information Primary Contact Douglas Hubert Co-Founder & Managing Partner dhubert@denespartners.com Phone: +1 (770) 858-4491

Primary Office 5 Concourse Parkway Suite 3000 Atlanta, GA 30328 United States Phone: +1 (770) 858-4491

Preferences Enterprise Value $20.00M - $300.00M

Transaction Amount $20.00M - $300.00M

Preferred Industries

Geographical Preference

Preferred Deal Types

Preferred Verticals

Business Products and Services (B2B), Consumer Products and Services (B2C), Healthcare, Information Technology

United States

Add-on, Buyout/LBO, Leveraged Recapitalization, Management Buyout, Merger/Acquisition, PE Growth/Expansion, Recapitalization

E-Commerce, HealthTech, HR Tech, Industrials, Infrastructure, InsurTech, Legal Tech, Manufacturing, Marketing Tech, Mortgage Tech, SaaS, TMT

103

Deerpath Capital Management | Lender Profile General Information Description Founded in 2007, Deerpath Capital Management is a lender based in New York City, New York with regional offices in Boston, Chicago, Fort Lauderdale and Los Angeles. The firm specializes in providing senior debt investments in lower-middle market companies. The firm provides growth capital, debt refinancing, acquisition financing, and recapitalization to industries in the areas of technology, healthcare, business services, consumer, retail, distribution, niche manufacturing, energy services, financial services, media, and telecommunication. Website

www.deerpathcapital.com

Year Founded

2007

Entity Types

Lender Lender/Debt Provider

Employees

Also Known As

Service Breakdown

Deerpath, Deerpath Capital

Legal Name

Deerpath Capital Management, LP

Serviced Companies: Serviced Deals: 850+ Serviced Investors:

Service Provider Type

Lender

Contact Information Primary Contact

Primary Office

Orin Port

1800 SE 10th Avenue

Managing Director & Head of Sponsor Coverage

Suite 200

oport@deerpathcapital.com

Fort Lauderdale, FL 33316

Phone: +1 (954) 703-6041

United States

Preferences Enterprise Value $50.00M - $250.00M

Transaction Amount $20.00M - $125.00M

Preferred Industries Commercial Services, Healthcare, IT Services Distributors/Wholesale, Financial Services, , Information Technology, Niche Manufacturing, Insurance, Professional Services, Warehousing and Distribution Geographical Preferences United States, Canada Preferred Deal Types Acquisition Financing, Buyout/LBO, Debt - General, Loan, Merger/Acquisition, PE Growth/Expansion, Recapitalization, Senior Debt, Senior Debt, Secured Preferred Fund Type Direct Lending Equity Co-Investments

104

Premier Buyside Investment Banking Services We specialize in an acquisition search process which we have refined since 1988 and can be applied to any industry. We believe that a search can only be as successful as the target list to be prospected. A very important competitive advantage is our wholly owned research division in Delhi India, employing 25 degreed professionals who utilize the most sophisticated computing and internet access infrastructure. Buyside acquisition search firms generally subscribe to the same private company databases but these databases only capture approximately 75% of the private companies in the U.S. and Canada. While we utilize what we think are the most optimal public databases, our research division bridges the gap between the databases available to everyone, and our comprehensive and inclusive list of targets for each retained search that include close to every private company in any given sector. Our deal origination consultants, who are responsible for the shareholder outreach on our retained searches, are trained to be professionally persistent in effectively communicating our clients interest in their industry and company and presenting them as a superior choice when considering their liquidity options.

Scan to See our Recent DealFlow Contact

Primary Contact

307 North Gateway Boulevard

Jeff Reichard Director of Business Development jreichard@dinancompany.com

Phoenix, AZ 85008 United States +1 (602) 248-8700 www.dinancompany.com

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WƌĞŵŝĞƌ ^ĞůůͲƐŝĚĞ /ŶǀĞƐƚŵĞŶƚ ĂŶŬŝŶŐ ^ĞƌǀŝĐĞƐ ŝŶĂŶ ĂƉŝƚĂů ĚǀŝƐŽƌƐ ĚĞůŝǀĞƌƐ Ă ŚŝŐŚůǇ ƚĂŝůŽƌĞĚ ƐƚƌĂƚĞŐŝĐ ĂƉƉƌŽĂĐŚ ĨŽƌ ŵŝĚĚůĞͲŵĂƌŬĞƚ ĐŽŵƉĂŶŝĞƐ ƚŚĂƚ ƐĞĞŬ ƚŽ ĐĂƉŝƚĂůŝǌĞ ŽŶ ŵĞƌŐĞƌ ĂŶĚ ĂĐƋƵŝƐŝƚŝŽŶ ƚƌĂŶƐĂĐƚŝŽŶƐ͘ KƵƌ ƐĞƌǀŝĐĞƐ ĂƌĞ ĐŽŵƉĂƌĂďůĞ ŝŶ ƐĐŽƉĞ ƚŽ ƚŚŽƐĞ ĞŵƉůŽǇĞĚ ďǇ tĂůů ^ƚƌĞĞƚ /ŶǀĞƐƚŵĞŶƚ ĂŶŬƐ ĨŽƌ ƚŚĞ tŽƌůĚΖƐ ŵŽƐƚ ƉƌŽĨŝƚĂďůĞ DƵůƚŝŶĂƚŝŽŶĂů ŽƌƉŽƌĂƚŝŽŶƐ͕ ǁŚŝůĞ ƵƐŝŶŐ ŵĞƚŚŽĚŽůŽŐŝĞƐ͕ ƉƌŽĐĞƐƐĞƐ͕ ĂŶĚ ĐŽƐƚͲĞĨĨĞĐƚŝǀĞ ƐƚƌƵĐƚƵƌĞƐ ƚŚĂƚ ŵĂŬĞ ƐĞŶƐĞ ĨŽƌ DŝĚĚůĞͲDĂƌŬĞƚ ŽŵƉĂŶŝĞƐ͘ ĂƐĞĚ ŽŶ Ă ŚŝŐŚůǇ ƐƚƌƵĐƚƵƌĞĚ ƉƌŽĐĞƐƐ ƚŚĂƚ ůĞǀĞƌĂŐĞƐ ŽƵƌ ĞǆƉĞƌŝĞŶĐĞ͕ ƌĞƐĞĂƌĐŚ ĐĂƉĂďŝůŝƚŝĞƐ͕ ĂŶĚ ƉƌŽƉƌŝĞƚĂƌǇ ƚĞĐŚŶŽůŽŐǇ ƉůĂƚĨŽƌŵƐ͕ ǁĞ ŝŶŝƚŝĂƚĞ ĞǀĞƌǇ ĞŶŐĂŐĞŵĞŶƚ ďǇ ĨŝƌƐƚ ĂƐƐĞƐƐŝŶŐ ƚŚĞ ŵĂƌŬĞƚ ĐůŝŵĂƚĞ͕ ĂŶĚ ƚŚĞŶ ĚĞǀĞůŽƉŝŶŐ ĂŶ ƵŶĚĞƌƐƚĂŶĚŝŶŐ ŽĨ ƚŚĞ ĐƵƌƌĞŶƚ ƐŝƚƵĂƚŝŽŶ ĂŶĚ ƐƚƌĂƚĞŐŝĐ ŽďũĞĐƚŝǀĞƐ ŽĨ ĞĂĐŚ ĐŽŵƉĂŶǇ͘ &ƌŽŵ ƚŚĞƌĞ͕ ǁĞ ƉĂƌƚŶĞƌ ǁŝƚŚ ŽƵƌ ĐůŝĞŶƚƐ ƚŽ ĚĞǀĞůŽƉ Ă ƉůĂŶ ƚŚĂƚ ŵĂǆŝŵŝǌĞƐ ƐŚĂƌĞŚŽůĚĞƌ ǀĂůƵĞ ĂŶĚ ĚĞůŝǀĞƌƐ ƚŚĞ ŽƉƚŝŵĂů ƚƌĂŶƐĂĐƚŝŽŶ ŽƵƚĐŽŵĞ͘ ĐůŽƐĞůǇ ŵŽŶŝƚŽƌƐ ƚŚĞ ŵŝĚĚůĞͲŵĂƌŬĞƚ͕ ŬĞĞƉŝŶŐ ƚĂďƐ ŽŶ ŽǀĞƌ ϮϮ͕ϬϬϬ ĐŽƌƉŽƌĂƚĞ ĂĐƋƵŝƌĞƌƐ͕ ϱ͕ϬϬϬ ƉƌŝǀĂƚĞ ĞƋƵŝƚǇ ŐƌŽƵƉƐ ĂŶĚ ƚŚŽƵƐĂŶĚƐ ŽĨ ƚƌĂŶƐĂĐƚŝŽŶƐ ĂŶŶƵĂůůǇ͘ KƵƌ ĚĞĞƉ ƵŶĚĞƌƐƚĂŶĚŝŶŐ ŽĨ ƚŚĞ ŵĂƌŬĞƚ ĐŽŵďŝŶĞĚ ǁŝƚŚ ŽƵƌ ƵŶŝƋƵĞ ŝŶĚƵƐƚƌǇ ĞǆƉĞƌƚŝƐĞ͕ ĚĞǀĞůŽƉĞĚ ďǇ ǁŽƌŬŝŶŐ ǁŝƚŚ Ă ĚŝǀĞƌƐĞ ĐůŝĞŶƚ ďĂƐĞ͕ ƉŽƐŝƚŝŽŶƐ ƚŽ ƐƵĐĐĞƐƐĨƵůůǇ ĂĚǀŝƐĞ ĐůŝĞŶƚƐ ĂĐƌŽƐƐ Ăůů ŝŶĚƵƐƚƌǇ ƐĞŐŵĞŶƚƐ͘

ŝǀĞƌƐŝĨŝĞĚ /ŶĚƵƐƚƌŝĂůƐ WƌĂĐƚŝĐĞ ŽŶƚƌĂĐƚŝŶŐ Θ ŽŶƐƚƌƵĐƚŝŽŶ

ŶĞƌŐǇ Θ /ŶĨƌĂƐƚƌƵĐƚƵƌĞ

dƌĂŶƐƉŽƌƚĂƚŝŽŶ Θ >ŽŐŝƐƚŝĐƐ

ŽŶƚƌĂĐƚ DĂŶƵĨĂĐƚƵƌŝŶŐ

^ĐĂŶ ƚŽ ^ĞĞ ŽƵƌ ǆĐůƵƐŝǀĞ ^ĞůůͲƐŝĚĞ DĂŶĚĂƚĞƐ

ŽŶƚĂĐƚ

WƌŝŵĂƌǇ ŽŶƚĂĐƚƐ

ϯϯϰϬ WĞĂĐŚƚƌĞĞ ZŽĂĚ E ^ƵŝƚĞ ϭϳϱϱ ƚůĂŶƚĂ͕ ' ϯϬϯϮϲ hŶŝƚĞĚ ^ƚĂƚĞƐ нϭ ;ϰϳϬͿ ϰϰϬͲϰϰϯϴ ǁǁǁ͘ĚŝŶĂŶĐŽŵƉĂŶǇ͘ĐŽŵ

dŽŵ 'ĞƌůĂĐŚĞƌ DĂŶĂŐŝŶŐ ŝƌĞĐƚŽƌ ƚŐĞƌůĂĐŚĞƌΛĚŝŶĂŶĐĂƉŝƚĂů͘ĐŽŵ ůĞǆ ůĚǁŽƌƚŚ ^ĞŶŝŽƌ sŝĐĞ WƌĞƐŝĚĞŶƚ ĂĂůĚǁŽƌƚŚΛĚŝŶĂŶĐĂƉŝƚĂů͘ĐŽŵ

ǁǁǁ͘ĚŝŶĂŶĐŽŵƉĂŶǇ͘ĐŽŵ

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A middle-market private equity firm with an operating focus. Dominus draws on the experience and network of its team of in-house operating executives. Dominus team members have executed over ninety transactions in the middle market over 20 years. Target Transaction Characteristics

Sector Focus

 Healthy companies with untapped potential.

Business Services

 Market leaders with defensible market positions.

 Business Process Outsourcing  Outsourced Services

 Family/founder-owned and operated businesses.

 E-commerce & Specialty Marketing

 Investment Structure: Preference for control equity investments.

 Value-Added Distribution

 Current Fund: Dominus Capital Partners III, L.P. (2020)

Industrials

 Current Fund Size: $362 million.

 Automotive

 Platform Target EBITDA: $10 to $30 million.

 Building Products

 Platform Target Equity Contribution: $40 to $100 million.

 Light Manufacturing

 Platform Geography: North America.

 Specialty Chemicals

Current Portfolio Companies

Operating Partners Mac Bridger Former CEO, Tandus

Scott Moore Former Owner, Nevco

Roy Schumacher Former CEO, Heartland Automotive

Eric Kownacki Former CEO, Polaris Pool Systems

Cameron Evans Former President, Red Line Synthetic Oil

Stephanie Miller Former Owner, Lockmasters

Kent Stemper Former CEO, BluSky

Bobby Brennan Former CEO, Kamado Joe

Investment Team Gary Binning Founding Managing Partner gab@dominuscap.com

Robert Haswell Founding Partner rdh@dominuscap.com

Lane Carpenter Principal lgc@dominuscap.com

Preston Parnell Vice President ppp@dominuscap.com

Alec Ellis Senior Associate ade@dominuscap.com

Ashish Rughwani Founding Partner abr@dominuscap.com Brian Shabto Vice President bjs@dominuscap.com

Liam O’Connell Associate mlo@dominuscap.com

Michael Smart Partner mas@dominuscap.com Alex Schull Senior Associate ads@dominuscap.com

Seth Pribbernow Associate skp@dominuscap.com

1325 6th Avenue, 26th Floor, New York, NY 10019 | (212) 784-5440 | dominuscap.com

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Duke Overview Duke provides alternative capital solutions to a diversified range of profitable and long-established businesses. Duke’s experienced team provide financing solutions to private companies that are in need of capital but whose owners wish to maintain equity control of their business.

Funding Solutions:

What we look for:

• Founder and family-owned businesses with $2m-$10m of EBITDA

Key Terms: Typical Investment Terms:

• Investment size of $7m-$30m

• Secured debt instrument (but will sit behind a standard working capital facility)

• Strong management team

• 30-year term

• Preferred sectors: industrials, manufacturing, distribution, business services, healthcare, technology

• 13.5% - 14.0% initial cash yield (including principal and interest) • Buyback premium of 15%-30% on exit • Max 10% equity stake on US deals

Contact:

Ajay Shivdasani

Mobile: (647) 224-6444 Email: ajay@dukeroyalty.com

Steven Russo

Mobile: (647) 846-7764 Email: srusso@dukeroyalty.com

Duke Royalty Limited: Ground Floor, Cambridge House, Le Truchot, St Peter Port, Guernsey, GY1 1WD Duke Royalty Limited is registered with the Guernsey Financial Services Commission as a Non-Regulated Financial Services Business to carry out Lending www.dukeroyalty.com

108

BACKGROUND & EXPERIENCE Eagle Merchant Partners is a private equity firm headquartered in Atlanta, GA. Eagle invests in lower middle-market Consumer and Commercial Services companies primarily in the Southeastern U.S., with a focus and expertise in franchise businesses. We look for opportunities to partner with founder-owners and exceptional management teams that want to accelerate the growth of their company. Eagle is now investing out of its inaugural fund, Eagle Merchant Partners I, L.P.

INVESTMENT CRITERIA GEOGRAPHY Geography

FINANCIAL Financial Size

• Focus on companies with operations in the Southeast including Texas • Company EBITDA: $2 - $20 million

• Family-owned transition • First institutional capital Transactions / • Recapitalizations

TRANSACTIONS • Growth capital Situations

• Industry consolidation, add-ons • Carve-outs

• Equity Check Size: $10 - $50 million

INVESTMENTS TCB Services

Franchisee of garage, electric, and plumbing home services

Franchisors of cabinet and furniture restoration and home inspection services

Commercial roofing and waterproofing services provider

Operator of auto collision repair shops

Franchisor of health and safety services

390+-unit franchisor of kids coding centers

Operator and developer of premium, express car washes

Designer and manufacturer of recreational surfacing products

Largest Planet Fitness franchisee with 168 locations

150+-unit fast-casual restaurant franchisor

CURRENT

109

EXITED

INVESTMENT PREFERENCES EBSCO Capital’s primary mission is finding new platform opportunities for EBSCO Industries, as well as add-on opportunities for our current portfolio companies. We seek to be permanent capital for durable and enduring businesses, and partner with strong, committed management teams to create sustainable value over the long term.

NEW PLATFORM INTERESTS EBSCO Capital is actively seeking platform investment opportunities aligned with the interests below:

New Platform s

Size

Profitability

Management

Durability

$8-25M EBITDA

>10% EBITDA Margin Preferred

Proven and committed management team

• Sustainable and clear economic moat • Diversified customer base

Professional Services • Engineering Services • Consultancies

Distribution

Industrial Services

Light Manufacturing

• Value Add • Need-it-Now • Equipment Dealerships

• Specialty MRO Services • White Van Industries • Water

• Durable Niches

ADD-ON INTERESTS FOR ACTIVE HOLDINGS EBSCO Capital is actively seeking add-on investment opportunities for each of these portfolio companies:

Hydraulic & Electronic Components for Mobile Equipment

; ǇůŝŶĚĞƌƐ͕ sĂůǀĞƐ͕ WƵŵƉƐ͕ /ŶͲ Ăď ŽŶƚƌŽůƐ͕ ĂŶĚ ZĞŵŽƚĞ ŽŶƚƌŽůƐͿ

Electrical Components

Enthusiast Products

;EĞĞĚͲ/ƚͲEŽǁ ŝƐƚƌŝďƵƚŝŽŶ͕ ŽŵƉŽŶĞŶƚ DĂŶƵĨĂĐƚƵƌŝŶŐ͕ WĂŶĞů ^ŚŽƉƐ ĂŶĚ ŽŶƚƌŽů ^ǇƐƚĞŵƐ͕ EŝĐŚĞ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚͿ

;&ŝƐŚŝŶŐ͕ ,ƵŶƚŝŶŐ͕ KƵƚĚŽŽƌͿ

Solar Power Systems ; ŽŵŵĞƌĐŝĂů ĂŶĚ /ŶĚƵƐƚƌŝĂů ^ǇƐƚĞŵƐͿ

Academic Information Products & Services ; Ě dĞĐŚ͕ ŽŶƚĞŶƚ ĂŶĚ ZĞƐĞĂƌĐŚͿ

Workspace Solutions ;&ƵƌŶŝƚƵƌĞ ĂŶĚ ^ƚŽƌĂŐĞ͕ hƚŝůŝƚǇ ĂŶĚ ^ƚŽƌĂŐĞ ĂƌƚƐ͕ WŽǁĞƌ ŚĂƌŐŝŶŐ WƌŽĚƵĐƚƐͿ

Add-Ons

Size

Profitability

Management

Durability

No minimum

>10% EBITDA Margin Preferred

• Flexible • Situation Specific

• Sustainable and clear economic moat • Diversified customer base

110

Eversheds Sutherland | Law Firm Profile General Information Description As a global top 10 law firm, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals. With more than 3,000 lawyers, Eversheds Sutherland operates in 70+ offices in 30+ jurisdictions across Africa, Asia, Europe, the Middle East and the United States. In addition, a network of more than 200 related law firms, including formalized alliances in Latin America, Asia Pacific and Africa, provide support around the globe. Eversheds Sutherland provides the full range of legal services, including corporate and M&A; dispute resolution and litigation; energy and infrastructure; finance; human capital and labor law; intellectual property; real estate and construction; and tax. For more information, visit eversheds-sutherland.com. Website

www.eversheds-sutherland.com

Entity Types

Law Firm Private Company Acquirer

Formerly Known As

Eversheds International, Eversheds, Sutherland Asbill & Brennan

Legal Name

Eversheds Sutherland

Service Provider Type

Law Firm

Year Founded

2017 (Eversheds Sutherland); 1988 (Eversheds); 1924 (Sutherland)

Employees

5,000+

Contact Information Primary Contact

Primary Office

Mark Wasserman JD

999 Peachtree Street, NE

Co-Chief Executive Officer & US Managing Partner

Suite 2300

markwasserman@eversheds-sutherland.com

Atlanta, Georgia

Phone: +1 (404) 853-8398

Phone: +1.404.853.8000 Fax: +1.404.853.8806

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Fidus Partners | Investment Bank Profile General Information Description Established in 2005, Fidus Partners is a financing advisory firm with offices in Charlotte and New York City. The firm primarily provides sell-side advisory and limited buy-side services to private equity firms, family-held businesses, private business owners, and public corporations. Fidus Partners serves the aerospace and defense, building products, business services, consumer products and services, distribution, industrial and niche manufacturing, franchisor, retail, and information technology sectors. Fidus Also has a direct lending platform, Fidus Capital which directly manages over $1Bn in assets. Fidus Capital which primarily provides unitranche credit facilities of $10M-$100M. Website

www.fiduspartners.com

Year Founded

2005

Entity Types

Investment Bank Investor

Employees

Also Known As

Service Breakdown

Fidus Securities

Legal Name

Fidus Partners, LLC

Serviced Companies: 190 Serviced Deals: 158 Serviced Investors: 32

Service Provider Type

Investment Bank (Primary Type) Financing Advisory

Contact Information Primary Contact Michael Miller Managing Director, Head, Business Development & Partner mmiller@fiduspartners.com Phone: +1 (212) 750-6446

Primary Office 4201 Congress Street Suite 250 Charlotte, NC 28202 United States Phone: +1 (704) 334-2222 info@fiduspartners.com

Preferences Transaction Amount $30.00M - $300.00M Preferred Industries Aerospace and Defense, Aluminum Mining, Application Software, Automotive, BPO/Outsource Services, Building Products, Business/Productivity Software, Construction and Engineering, Consulting Services (B2B), Department Stores, Distributors/Wholesale, Distributors/Wholesale (B2C), Electrical Equipment, Electronic Equipment and Instruments, Environmental Services (B2B), Food Products, Home Furnishings, Industrial Chemicals, Industrial Supplies and Parts, Infrastructure, Logistics, Monitoring Equipment, Other Business Products and Services, Other Capital Markets/Institutions, Other Chemicals and Gases, Other Commercial Products, Other Commercial Services, Other Consumer Durables, Other Consumer Non-Durables, Other Consumer Products and Services, Other Containers and Packaging, Other Financial Services, Other Hardware, Other Information Technology Geographical Preference United States Preferred Deal Types Asset Divestiture (Corporate), Bankruptcy: Admin/Reorg, Bankruptcy: Liquidation, Buyout/LBO, Corporate Asset Purchase, Debt - General, Debt Refinancing, Early Stage VC, Management Buyout, Merger of Equals, Merger/Acquisition, PE Growth/Expansion, PIPE, Recapitalization, Secondary Transaction - Private Preferred Verticals Industrials, Manufacturing Preferred Fund Type Buy-out

112

Fifth Third Bank (NAS: FITB) | Commercial Bank Profile General Information Description Fifth Third Bank is a financial services company headquartered in Cincinnati, Ohio. Founded in 1858, the bank operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth Third provides a wide array of services such as personal banking services, checking accounts, savings accounts, credit and debit cards, investments and wealth management services, loans, mortgages, equity lines, and loans. The bank also provides vehicle financing, student loans, telephone banking services, business banking services, internet banking, merchant services, and treasury management services. Website

www.53.com

Year Founded

1857

Entity Types

Commercial Bank Public Company Acquirer

Employees

22067

Service Breakdown

Serviced Companies: 1476 Serviced Deals: 1690 Serviced Investors: 71 Serviced Funds: 108

Also Known As

Fifth Third

Formerly Known As

Fifth Third Union Trust Company

Legal Name

Fifth Third Bancorp

Service Provider Type

Commercial Bank (Primary Type) Financing Advisory

Contact Information Primary Contact

Primary Office

Steven Kuhn

38 Fountain Square Plaza

Managing Director, ESOP Finance Group

Cincinnati, OH 45263

steve.kuhn@53.com

United States

Phone: +1 (513) 534-8249

Phone: +1 (513) 579-5300

Preferences Preferred Industries Chemicals and Gases, Commercial Services, Communications and Networking, Consumer Durables, Consumer Non-Durables, Containers and Packaging, Distributors/Wholesale, Energy, Healthcare, Media, Other Business Products and Services, Other Consumer Products and Services, Retail, Services (Non-Financial) Geographical Preferences Canada, North America, United States Preferred Deal Types Acquisition Financing, Add-on, Bridge, Buyout/LBO, Carveout, Corporate, Corporate Asset Purchase, Corporate Divestiture, Debt General, Debt - PPP, Debt Refinancing, Dividend Recapitalization, Early Stage VC, IPO, Junior Debt, Leveraged Recapitalization, Loan, Merger of Equals, Merger/Acquisition, Mezzanine, PE Growth/Expansion, PIPE, Public Investment 2nd Offering, Reverse Merger, Revolving Credit Line, Secondary Transaction - Open Market, Secondary Transaction - Private, Secured Debt, Unsecured Debt Preferred Verticals Industrials, Infrastructure, Manufacturing, Supply Chain Tech

113

Forvis | Private Company Profile General Information Description FORVIS, LLP is an integrated professional services firm with a global reach and a passion to drive businesses forward. The firm’s 6,000 dedicated team members provide an Unmatched Client Experience® through the delivery of assurance, tax, and consulting services for clients in all 50 states and internationally. FORVIS’ dedicated private equity professionals cross multiple service lines to support middle-market firms, investment funds, and their portfolio companies in a fast-paced market. The firm tailors its approach based on client needs and routinely uses its deep global resources to develop strategies and services for clients’ success, now and in the future. Visit forvis.com to learn more. Most Recent Financing Status (as of 15-Nov-2023) The company was formed by the merger of Dixon Hughes Goodman and BKD CPAs & Advisor on June 1, 2022.

Website

www.forvis.com

Year Founded

2022

Entity Types

Private Company Acquirer Accounting/Auditor

Universe

M&A

Employees

6,000

Also Known As

FORV/S

Formerly Known As

BKD CPAs & Advisors, Dixon Hughes Goodman, DHG, Dixon Hughes Goodman, LLP

Legal Name

Forvis, LLP

Business Status

Generating Revenue

Ownership Status

Privately Held (backing)

Financing Status

Corporate Backed or Acquired

Contact Information Primary Contact

Primary Office

Scott Linch

4350 Congress Street

Private Equity National Industry Leader

Suite 900

scott.linch@forvis.com

Charlotte, NC 28209

Phone: +1 (704) 367-7053

United States Phone: +1 (704) 367-7020 Fax: +1 (704) 367-7760 info@forvis.com

114

Private Equity At every stage of the investment life cycle, FD’s private equity team offers specialized expertise to help investment firms drive performance.

Expert Guidance for Changing Investment Needs In the fast-paced world of private investing, the right advice at the right time can make all the difference. FD provides tailored services to meet the specific needs of institutional investors.

Results Our Team Has Delivered Private Equity Firm Focused on a Diverse Portfolio of Middle-Market Companies  Provided quality of earnings studies for multiple target companies over a period of several years.  Provide tax analysis and advice related to portfolio company situations. Supported all aspects of transactions.

Leading Real Estate Investor

Nationally Recognized Firm FD is a Top 50 firm that has been repeatedly recognized as a Best of the Best firm, a Best Firm to Work For® and a Top Firm for Women. We are registered with the Public Company Accounting Oversight Board and are a member of the American Institute of Certified Public Accountants.

 Provided comprehensive tax services for all entities, including real estate valuations.

Services Offered

 Provided outsourced fund administration services, including investor relations.



Company Valuations



Portfolio Analysis



Cybersecurity



Quality of Assets



ESG



Quality of Earnings Reviews



Employee Experience; Client Experience



SOC Reporting

Financial Statement Audit



Tax Planning & Compliance



IT Consulting & Governance



Transaction Support

Organizational Consulting



Wealth Management

Private Equity Firm Focused on Lower Middle-Market Companies  Provided tax services for the fund, in addition to transaction tax structuring advice.  Provide audit and tax services for multiple portfolio companies.

Need help with a project? Contact us today! Bob Woosley, National Private Equity Practice Leader: bob.woosley@frazierdeeter.com

Investing in Relationships to Make a Difference.®

115

+1 404 253 7500 | frazierdeeter.com +44 (0) 203 960 7522 | frazierdeeter.co.uk

Freeman Spogli is a leading private equity firm dedicated to investing in partnership with management in middle market consumer and distribution companies. OUR FIRM Our firm was founded with the goal of investing capital in partnership with management teams to help build growth-oriented companies. Over the four decades we have been in business, our firm has grown to over 30 employees in two offices and has invested over $5.7 billion of private equity capital in 70 companies. The nine partners of Freeman Spogli have been with the firm for an average of 28 years and have successfully executed and managed investments through various economic and market cycles.

EXPERIENCE

INDUSTRY SECTORS

INSTITUTIONAL FUNDS

290+

INVESTMENTS

CURRENT PORTCOS

Long history of investing in consumer and distribution businesses

Currently investing FS Equity Partners VIII, L.P. with $1.85B in committed capital

70 platforms and 220+ add-ons, with an aggregate transaction value of $28B+

15 portfolio companies actively evaluating add-ons

INDUSTRY FOCUS

CHARACTERISTICSS

TRANSACTION SIZE

TRANSACTION TYPES

Consumer • Consumer Products • Consumer Services • Consumer Healthcare • Direct-to-Consumer • E-Commerce • Multi-Unit Retail • Restaurants • Retail Services • Franchising

• Leading businesses with transformative opportunities • Strong management teams • Defensible market positions • Platform for organic and acquisition growth • Solid margins and free cash flow • Partnership in value creation

• EBITDA: $10M to $75M

• Management Buyouts

INVESTMENT CRITERIA

Distribution • Business-toBusiness • Route-based Services • Specialty • Value-Added Dist.

LA: 11100 Santa Monica Blvd. Suite 1900 Los Angeles, CA 90025

• Equity: $75M to $300M • TEV: $100M to $750M • No size restrictions for add-ons GEOGRAPHY • North America (U.S. & Canada)

• Leveraged Recapitalizations • Family/Founder Partnerships • Corporate Carve-outs • Equity & Growth Investments • Control Transactions and Minority Structures

NY: 299 Park Avenue, 20th Floor New York, NY 10171

116

Gallant invests in businesses where strategic support and flexible capital are able to accelerate growth. Our operational expertise allows us to be a solution provider for sellers and management teams, as we strive to be valuable partners at every stage of our investments.

Investment & Operations Team

FLEXIBILITY

PARTNERSHIP

Jon Gimbel

Partner jon@gallantcapital.com

Anthony Guagliano

Partner anthony@gallantcapital.com

Desmond Nugent

SUPPORT

GROWTH

Partner dnugent@gallantcapital.com

Christopher Suen

Managing Director csuen@gallantcapital.com

Zack Stiefler

Managing Director zstiefler@gallantcapital.com

Experienced Leadership

Matt Pareti

The leadership team has 40+ years of experience partnering with managers to drive transformational growth and focuses on opportunities where it can utilize its relevant industry experience and senior executive relationships.

Principal, Operations mpareti@gallantcapital.com

Peter Farr

Vice President, Operations pfarr@gallantcapital.com

Alex Zak

Vice President, Operations azak@gallantcapital.com

Investment Criteria

Dan Johnson

EBITDA

EQUITY INVESTMENT

ENTERPRISE VALUE

up to $40M

$15-$200M

up to $400M

PREFERRED INDUSTRIES

TRANSACTION TYPES

GEOGRAPHY

▪ Control Investments ▪ Family/ Founder Owned Businesses ▪ Corporate Divestitures ▪ Value Creation Opportunities through Strategic Investments

▪ North America

▪ Technology ▪ Industrials ▪ Business Services

Vice President djohnson@gallantcapital.com

Business Development Jamie Kim

Head of Business Development jkim@gallantcapital.com

Capital Markets Brad Nii

Head of Capital Markets bnii@gallantcapital.com

Portfolio Companies Software (exited)

Business Process Outsourcing

Aerospace Services

Infrastructure Services

Transportation & Logistics

Tech-Enabled Services

Testing & Inspection

Software

Aerospace Manufacturing

IT Services

10100 Santa Monica Blvd, Suite 1400 Los Angeles, CA 90067 GallantCapital.com

117

Gauge Capital | PE/Buyout Profile General Information Description Founded in 2013, Gauge Capital is a private equity firm based in Southlake, Texas. The firm seeks to invest through means of a buyout, consolidation, corporate divestiture, management buyout, growth capital, recapitalization, and privatization. The firm seeks to make investments in business services, commercial services, industrial, food products, consumer services, healthcare services, technology, and software sectors. Website

www.gaugecapital.com

Total Investments

102†

Entity Types

PE/Buyout Private Company

Active Portfolio

Also Known As

Gauge

Investments (TTM)

16†

Legal Name

Gauge Capital LLC

Exits

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Med. Round Amount

N/A

Med. Valuation

N/A

Investor Status

Actively Seeking New Investments

# of Professionals

Year Founded

2013

AUM

$3.00B

Dry Powder

$1.4B

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Andrew Peix

1256 Main Street

Managing Director, Business Development

Suite 256

apeix@gaugecapital.com

Southlake, TX 76092

Phone: +1 (682) 334-5781

United States Phone: +1 (682) 334-5800 info@gaugecapital.com

Investment Preferences Preferred Revenue[s]

$7M+

Preferred Company Valuation[s]

$50M - $500M

Preferred EBITDA

$5M - $40M

Preferred Industries Commercial Services, Distributors/Wholesale (B2C), Educational and Training Services (B2C), Financial Services, Food Products, Government, Healthcare Devices and Supplies, Healthcare Services, Healthcare Technology Systems, Information Services (B2C), Information Technology, Legal Services (B2C), Machinery (B2B), Movies, Music and Entertainment, Other Consumer Products and Services, Pharmaceuticals and Biotechnology, Real Estate Services (B2C), Restaurants and Bars, Specialty Retail, Transportation Geographical Preferences Canada, United States Preferred Deal Types Buyout/LBO, Carveout, Corporate Divestiture, Management Buyout, PE Growth/Expansion, Privatization, Recapitalization Preferred Verticals AdTech, Digital Health, FinTech, HealthTech, Industrials, LOHAS & Wellness, Manufacturing, Real Estate Technology, SaaS Other Investment Preferences Long-Term Investor, Prefers majority stake, Will syndicate

118

Gemspring Capital is a private equity firm specializing in lower-middle market companies. With over $3.4 billion of capital under management, we provide flexible capital solutions and partner with talented management teams to help companies achieve their full potential.

SIZE Platforms • Revenue of up to $500 million per year Add-ons • Revenue of at least $5 million per year

FIRM BACKGROUND • Hands-on approach to help drive growth, market leadership, operational excellence and strategic value for our partner companies • Flexible investment mandate with appetite for complexity and ability to provide tailored solutions • >55 person team, including five dedicated business development professionals • Completed >80 investments since 2016

GEOGRAPHY • HQ in United States and Canada TRANSACTION TYPES • Corporate Carve-outs / Divestitures • Growth Equity • Leveraged Buyouts • Preferred Equity • Recapitalizations • Restructurings • Strategic Debt • Structured Equity

54 Wilton Road Westport, CT 06880 101 S. Tyron Street, 27th Floor, Charlotte, NC 28280

119

SECTOR FOCUS AEROSPACE & DEFENSE

BUSINESS SERVICES

CONSUMER PRODUCTS & SERVICES

FINANCIAL & INSURANCE SERVICES

HEALTHCARE

INDUSTRIAL SERVICES

SOFTWARE & TECH-ENABLED SERVICES

SPECIALTY MANUFACTURING

WHAT WE TARGET • Industry leaders with growth potential that will benefit from our support and expertise • Opportunities to leverage industry experience and executive network • Complicated situations where we can provide tailored capital solutions

www.gemspring.com

11911 San Vicente Blvd., Los Angeles, CA 90049 875 N. High St. 3rd Floor, Columbus, OH 43215

Generational Group | Investment Bank Profile General Information Description Founded in 1987, Generational Group is an independent investment banking firm headquartered in Dallas, Texas. The firm offers services in mergers, acquisitions, and strategic growth advisory and assists clients with exit planning education, business valuation, value enhancement strategies, and wealth management. Generational Group caters to clients in the automotive, consumer products, healthcare, technology, energy, business services, manufacturing, transportation, and retail industries among others. Website

www.generational.com

Year Founded

2006

Entity Types

Investment Bank Private Company Holding Company

Employees

400

Service Breakdown

Serviced Companies: 2000 Serviced Deals: 1473 Serviced Investors: 11

Legal Name

Generational Group, Inc.

Service Provider Type

Investment Bank

Contact Information Primary Contact Lisa Lippe Smith Managing Director, Mergers & Acquisitions, Marketing & Buyer Services, Generational Equity llippe@generational.com Phone: +1 (972) 331-7515

Primary Office 3400 North Central Expressway Suite 100 Dallas, TX 75080 United States Phone: +1 (972) 232-1121 info@generational.com

Preferences Preferred Industries Accessories, Accounting, Audit and Tax Services (B2B), Aerospace and Defense, Agricultural Chemicals, Air, Air, Alternative Energy Equipment, Automotive, Automotive Insurance, BPO/Outsource Services, Brokerage, Building Products, Buildings and Property, Business Equipment and Supplies, Clothing, Coal and Consumable Fuels Equipment, Construction and Engineering, Consulting Services (B2B), Cultivation, Distributors/Wholesale, Education and Training Services (B2B), Educational and Training Services (B2C), Electrical Equipment, Electronics (B2C), Energy Production, Energy Storage, Environmental Services (B2B), Food Products, Footwear, Forestry Processing, Government, Healthcare, Home Furnishings, Horticulture, Household Appliances, Human Capital Services, Industrial Chemicals, Industrial Supplies and Parts, Information Services (B2C), Information Technology, Iron and Steel Mining, Legal Services (B2B), Leisure Facilities, Logistics, Machinery (B2B), Marine, Marine, Media and Information Services (B2B), Movies, Music and Entertainment, Oil and Gas Equipment, Other Agriculture, Other Apparel, Other Commercial Products, Other Commercial Services, Other Consumer Durables, Other Containers and Packaging, Other Energy, Other Energy Services, Other Financial Services, Other Restaurants, Hotels and Leisure, Other Services (B2C Non-Financial), Other Utilities, Personal Products, Printing Services (B2B), Property and Casualty Insurance, Rail, Raw Materials (Non-Wood), Real Estate Investment Trusts (REITs), Real Estate Services (B2C), Recreational Goods, Restaurants and Bars, Retail, Road, Security Services (B2B), Specialty Chemicals, Synthetic Textiles, Wood/Hard Products Geographical Preferences Canada, United States Preferred Deal Types Add-on, Asset Divestiture (Corporate), Buyout/LBO, Corporate Divestiture, Management Buyout, Merger/Acquisition, PE Growth/Expansion Preferred Verticals AdTech, Artificial Intelligence & Machine Learning, AudioTech, CleanTech, Construction Technology, Cybersecurity, E-Commerce, Industrials, Infrastructure, Internet of Things, Life Sciences, LOHAS & Wellness, Manufacturing, Marketing Tech, Mobile, Pet Technology, Robotics and Drones, SaaS, TMT

120

MERGERS & ACQUISITIONS

CAPITAL RAISE

▪ Sell-side and Buy-side ▪ Management Buyouts ▪ Restructurings ▪ Corporate Divestitures

FINANCIAL ADVISORY SERVICES

▪ Private Placements ▪ Recapitalizations ▪ Private Investment in Public Equity (PIPE) ▪ Employee Stock Ownership Plans (ESOP)

▪ Capital and Strategic Planning ▪ Fairness and Valuation Opinions ▪ Committee Representation

Business & Industrial Services

Consumer & Retail

Leisure & Entertainment

Healthcare Services

Industrial / Manufacturing

Chemicals

What Distinguishes Us ◼

Independent Platform ➢ ➢

◼

No conflicts of interest from asset management, lending, research, trading or principal investing Multi-industry practice prevents conflicts with same investors / buyers / sellers

Focus on “Need” vs. Size ➢ ➢

◼

Clients Range from under $50 million to over $30 billion Transactions range from under $25 million to over $1 billion

➢ ➢

a portfolio company of

◼

Approximately 33% of our transactions

Corporate Divestitures ➢

Public Companies & Family Businesses

International & Cross-Border Transactions ➢

◼

Multi-Generational Family Businesses Entrepreneur-Led Companies Public Corporations

Buy-Side Expertise ➢

◼

Successful Outcomes With: ➢

◼

Deep Knowledge and Experience With Various Transaction Types and Industries

Executed numerous transactions on six continents

Complex, “Storied” Transactions Restructurings Distressed / Bankruptcy

➢ ➢

Illustrative Transaction

(Nasdaq:PZZA)

a subsidiary of has been acquired by

has been acquired by has been acquired by

has been acquired by

has received an investment from

has been acquired by

refranchises its majority stake in its joint venture with Blue and Silver Ventures, Ltd. to

has been acquired by

and

has been acquired by has been acquired by

has been acquired by

has acquired has received an investment from

a portfolio company of (NYSE: AZEK)

Genesis Capital Contacts Jeremy Ellis Managing Director (404) 816-7538 jellis@genesis-capital.com

Jack Savarese Vice President (404) 816-7502 jsavarese@genesis-capital.com

3414 Peachtree Road NE • Suite 700 • Atlanta, GA 30326 www.genesis-capital.com Member of FINRA, SIPC

121

Kevin Whitney Vice President (404) 816-7522 kwhitney@genesis-capital.com

Genesis Park provides flexible, one-stop debt and equity capital solutions for lower middle-market companies Investment Strategy R Focus on lower middle market companies with at least $10 million of revenue and/or $3 million of EBITDA R Structures include senior secured debt, second lien/subordinated debt and preferred/common equity investments R Seeking to invest $10 to $25 million in each investment (total capital commitment) R Be a value-added partner by leveraging operational experience and strong regional networks R Open to investing across the U.S., but target opportunities in the Southern U.S., predominately Texas and the Gulf Coast region R Uses of capital: growth, acquisitions, debt refinancing, recapitalization, management buyout, family transfer

Competitive Advantages

Investment Criteria R Proven business model with seasoned and committed

R Experienced leadership team with extensive network of regional relationships. 100+ years of combined experience investing in and building businesses R Relationship oriented. People are important

management team R Ability to maintain positive cash flow through various business cycles R Defensible competitive advantage and/or differentiated product or service offerings

R Flexible, customized capital solutions. Structures are designed for each unique situation R Efficient and timely decision making. We are responsive and execute in a timely manner R Operational and strategic expertise. Partners have led successful companies as CEOs or executive leaders and

R Solid and sustainable margin structure R Limited customer concentration

serve on numerous boards

Diversified Industries

Business Services

Industrial Services

Information Technology

Advanced Manufacturing

Value-Added Distribution

Sustainable Energy

Investment Team Curtis Hartman Managing Partner curtis.hartman@genesis-park.com David Bilger Director dbilger@genesis-park.com

Paul Hobby Managing Partner phobby@genesis-park.com

Simon Haidamous Director shaidamous@genesis-park.com

Gina Luna Managing Partner gina.luna@genesis-park.com

Payton Schramm Senior Associate pschramm@genesis-park.com

Andrew Winters Senior Associate awinters@genesis-park.com

520 Post Oak Blvd, Suite 850, Houston, Texas 77027 | 713.489.4650 | partnerships@genesis-park.com

122

Georgia Oak Partners | PE/Buyout Profile General Information Description Founded in 2011, Georgia Oak Partners is a private equity investment firm based in Atlanta, Georgia. The firm makes equity investments in founder and family-owned companies operating in the business services, manufacturing, and home services sectors. Website

www.georgiaoak.com

Total Investments

14†

Entity Type

PE/Buyout

Active Portfolio

Also Known As

Georgia Oak

Investments (TTM)

4†

Legal Name

Georgia Oak Partners, LLC

Exits

Investor Type

PE/Buyout (Primary Type) Other Private Equity

Med. Round Amount

$1.55M

Med. Valuation

$11.67M

# of Professionals

Investor Status

Actively Seeking New Investments

Year Founded

2011

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Michael Lonergan

The Office Tower at the Four Seasons 75 14th Street NE, Suite 2150 Atlanta, GA 30309 United States

Co-Founder & Managing Partner mike@gaoak.com Phone: +1 (404) 961-7201

Phone: +1 (404) 961-7201 info@georgiaoakpartners.com

Investment Preferences Preferred Investment Amount[s]

$50M+

Preferred Revenue[s]

$15M - $100M

Preferred Company Valuation[s]

$100M+

Preferred EBITDA

$2M - $15M

Preferred Investment Horizon[s]

5 years

Preferred Industries Manufacturing, Home Services (plumbing, electrical, HVAC, roofing, windows/siding, water/mold/remediation, foundations/waterproofing, landscaping, pest control, gutters, waste, pressure washing, septic, custom closets, etc.), Business/Facility/Industrial Services (building controls, electrical, elevators, fire safety, janitorial, landscaping & tree care, pest control, restoration/mitigation, security, engineering services, equipment repairs & maintenance, industrial cleaning, inspection/certification/compliance, etc.), Transportation & Logistics (asset-light), Multi-Unit & Franchising. Geographical Preferences Southeast Preferred Deal Types Buyout/LBO, PE Growth/Expansion Preferred Verticals Manufacturing, Home Services, Business Services, Facility/Industrial Services Other Investment Preferences Long-Term Investor, Prefers majority stake, Prefers minority stake, Will syndicate

123

ACG Atlanta Profile: Graycliff Partners, Ryan Supple

Graycliff Partners: Graycliff is a lower middle market private investment group managing over $1B in AUM and investing out of both dedicated equity and credit funds. We primarily invest in founder owned businesses in the industrials, manufacturing, infrastructure, and distribution sectors, typically generating $5-25mm in current EBITDA. Ryan Supple: Ryan is a Principal at the firm. He joined Graycliff in 2020. Formerly, Ryan was a Vice President at HKW, where he helped manage business development and deal sourcing efforts, including evaluation of acquisition opportunities and coordination of the deal flow process. Prior to HKW, Ryan developed and led the deal generation function at HBM Holdings Company. He holds an MBA from the University of Chicago’s Booth School of Business and a finance degree from the University of Kentucky.

Investment criteria: Industries: Industrials, Manufacturing, Infrastructure, Distribution Size: EBITDA $5-25MM

124

Great Rock Capital Partners | Lender Profile General Information Description Founded in 2015, Great Rock Capital is an asset-focused commercial lender that supports Middle Market companies across North America by providing increased liquidity and growth capital. The firm offers senior secured financing solutions that include flexible revolver, term-heavy, and term-only structures, which range in size from $10 million to $100 million. The firm has received significant capital commitments from its partners, a private equity business, and a large institutional investor. Website

www.greatrockcapital.com

Year Founded

2015

Entity Types

Senior Lender Private Company Lender/Debt Provider

Employees

Also Known As

Great Rock

Legal Name

Great Rock Capital Partners, LLC

Service Provider Type

Senior Lender

Contact Information Primary Contact

Primary Office

Jennifer Cronin

285 Riverside Avenue | Suite 350

Managing Director & Head of Marketing

Westport, CT 06880

cronin@greatrockcapital.com

United States

Phone: +1 (203) 557-6277

Preferences Transaction Amount $10.00M - $100.00M Preferred Industries Aerospace and Defense, Agriculture, Automotive, Construction and Building Products, Consumer Durables, Consumer NonDurables, Containers and Packaging, Healthcare, Industrial Supplies and Parts, Machinery and Equipment, Metals, Minerals and Mining, Technology, and Transportation Geographical Preferences North America – Canada and the United States Preferred Deal Types Acquisition Financing, Debt - General, Debt Refinancing, Dividend Recapitalization, Bank Replacement Financings, Merger/Acquisition, Refinancings and Recapitalization, Senior Debt, Secured Preferred Verticals Advanced Manufacturing, Consumer, Industrials, Infrastructure, Manufacturing, Transportation

125

Growth Operators | Management Consultants Profile General Information Description Over a decade ago, Growth Operators® built a new kind of advisory firm. We believed too many middle market companies lacked the finance, accounting, and human resources capabilities to promote growth and scalability. Having spent our careers in industry as leaders who built these functions for great companies, we decided to leave our industry careers and create a firm that is 100% focused on helping middle market companies build great finance, accounting, and human resources functions. Why? Because we believe you can build a good company without strong finance and HR capabilities, but you can’t build a great one. And why build something good when you can build something great? Growth Operators is a private equity-focused finance, accounting and HR consulting and advisory firm based in Minneapolis, Minnesota. We cater to PE-sponsored companies in the middle market - where finance, accounting and HR are chronically under-resourced and not adding value. Our professionals (“Growth Pros”) have deep hands-on leadership and management experience spanning over two dozen industries. We serve our clients as interim or fractional finance, accounting, and HR executives and/or managers, or as consultants and advisors on specific projects and initiatives. We are industry agnostic, but we have deep experience in Health Care & Life Sciences, Manufacturing & Industrial, Value-Added Distribution, Business Services, Retail, Restaurant & Consumer, Food & Beverage, Technology/Media/Telecommunications, and Software. Our operational acumen, proprietary nextLevel® value creation planning process, and hands-on, roll-up-our-sleeves approach creates measurable and sustainable value for our clients. At Growth Operators, we turn good companies into great companies. Website

www.growthoperators.com

Year Founded

2010

Entity Type

Management Consultants

Employees

Formerly Known As

GO Intellectual Capital

Service Breakdown

Serviced Investors: 7

Legal Name

Growth Operators, LLC

Service Provider Type

Management Consultants

Contact Information Primary Contacts

Primary Office

Rick Nordvold

Ron Hornbaker

Founder & CEO

Chief Revenue Officer

rick.nordvold@growthoperators.com

ron.hornbaker@growthoperators.com

Phone: +1 (952) 400.1442

Phone: +1 (612) 615.2908

800 LaSalle Avenue Suite 1620 Minneapolis, MN 55402 Phone: +1 (952) 400-1440 info@growthoperators.com

Preferences Preferred Industries

Geographical Preference

Preferred Verticals

Industry Agnostic

North America

Industry and Vertical Agnostic

126

PARTNERS IN BUILDING BUSINESSES Deep investing expertise. Dedicated operations support.

FOCUS INDUSTRIES

ABOUT GRYPHON

1995

$9B+

60+

375+

40+

30+

year founded

platform investments

investment professionals

AUM

add-on investments

operating partners

KEY DIFFERENTIATORS

Gryphon is currently investing capital from two private equity funds across five industry verticals. Our firm welcomes introductions to companies and experienced executives in the sectors listed below as well as adjacent sub-sectors that possess attractive investment potential. Business Services • Cybersecurity • Home Services • Insurance Services • MSPs / MSSPs • NextGen Technology Services

Integrated Deal & Operations Teams Provide unparalleled support to portfolio company management teams

• Professional Services • Tech-Enabled Services

Strong Executive Resources Accomplished Fortune 1000 CEOs and key executives provide strategic counsel and insight

• Better-for-You Food • Consumer Health & Wellness

Deep Sector Knowledge Five dedicated industry groups since 2020 Functional Expertise In-house capabilities in human capital, M&A support, capital markets, FP&A and more

Consumer • Beauty & Personal Care

• Pet Health & Wellness Healthcare • Behavioral Health • Healthcare IT • Ophthalmology • Payor Services • Retail-Oriented Medicine • Specialty Pharma Distribution

INVESTMEN T CRITERIA

Industrial Growth • Food Processing & Agribusiness

• Initial equity investments of $50M to $600M

• Infrastructure & Utility Products

• North American platforms generating up to $100M of EBITDA • Traditional buyouts, buy-and-builds, and carveouts

• Industrial Technologies • Materials, Chemicals & Packaging • Transportation & Logistics • Value-Added Distribution

• Control or shared-control positions

Software • Consumer Packaged Goods

• 2 Equity Investment Funds – Flagship ($2.8B) and Heritage ($530M)

• Education & Training

• Substantial follow-on equity available for synergistic add-on acquisitions

• Financial Services • Industrial Manufacturing

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• Field Services

• Supply Chain & Logistics

Hamilton Robinson Capital Partners | PE/Buyout Profile General Information Description Founded in 1984, Hamilton Robinson Capital Partners is a private equity firm based in Stamford, Connecticut. The firm prefers to invest through means of add-ons, buyouts, corporate divestiture, recapitalization, and growth capital. The firm seeks to invest in the commercial products, commercial services, industrials, and manufacturing sectors in the United States and Canada. Website

www.hrco.com

Entity Types

PE/Buyout Financing Advisory

Also Known As

HRCP

Legal Name

Hamilton Robinson LLC

Investor Types

PE/Buyout (Primary Type) Limited Partner

Investor Status

Actively Seeking New Investments

Year Founded

1984

AUM

$364.50M

Dry Powder

$75.04M

† Includes add-ons

Total Investments

77†

Active Portfolio

Investments (TTM)

7†

Exits

Med. Round Amount

$15.00M

Med. Valuation

$16.75M

# of Professionals

Trade Association

National Association of Small Business Investment Companies (NASBIC); ACG; AM&AA

All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Carrie DiLauro

301 Tresser Boulevard

Director, Operations & Marketing

Suite 1333

cld@hrco.com

Stamford, CT 06901

Phone: +1 (203) 658-8252

United States Phone: +1 (203) 602-0011 Fax: +1 (203) 602-2206 admin@hrco.com

Investment Preferences Preferred Investment Amount[s]

$5M - $50M

Preferred Revenue[s]

$15M - $200M

Preferred Company Valuation[s]

$10M - $100M

Preferred EBITDA

$3M - $15M

Preferred Industries B2B-Commercial and Industrial Services, Specialty/Niche Manufacturing, Industrial Technology, and Industrial Distribution Geographical Preferences United States and Canada Preferred Deal Types Family/Founder Owned Companies; Buyout/LBO, Corporate Divestiture, Joint Venture, Management Buyout, Recapitalization; Add-ons Preferred Verticals Advanced Manufacturing; Automation, Tech-Enabled Services; Capital Equipment Manufacturers; Engineered Components; Material Handling; Testing, Inspection and Compliance; Infrastructure; Internet of Things; Nanotechnology, Robotics, Other Investment Preferences Majority/Control Investor

128

We Connect Innovation To Growth Operating at the intersection of investment banking and consulting, we partner with inspiring companies, entrepreneurs, and private equity firms to help them design and execute their strategies for growth or exit. With years of experience as investment bankers and management consultants, we help growing teams improve their opportunities for success.

WHAT WE DO Transaction Execution: m&a and corporate

Buy-side Advisory:

buy-side for private equity-

finance advisory

backed portfolio companies

Strategic Consulting: optimizes companies for sale or scale

CFO Services:

financial intelligence & leadership

VERTICAL EXPERTISE

Human Capital Management

• • •

Talent Acquisition Talent Development Employee Engagement Workforce Management Professional Staffing IT Services

• • •

FinTech

• • • • • •

Mortgage Tech Wealth Tech Payments IT Services Risk Management Consulting

Industrial Tech

• • • • •

Industrial Products & Services Niche Manufacturing & Logistics Staffing & Workplace Safety Automated Solutions Data Capture &

Financial Services

• • • • •

Wealth Management / Wealth Tech Insurance / Insurtech Retirement Plan Services Specialty Finance Asset Management

Consumer

• • • • • •

Beauty & Personal Care Pet Food & Beverage Health & Wellness Luxury Fast-Moving Consumer Goods

OUR PRACTICE LEADS Human Capital Management

Financial Technology

Financial Services

Consumer

Carolyn Mathis, Partner cmathis@hvadvisors.com

Doug Moffitt, Managing Director dmoffitt@hvadvisors.com

129

John Mathis, Partner jmathis@hvadvisors.com

Industrial Technology

Nate Shepherd, Managing Director nshepherd@hvadvisors.com

Anthony Sehnaoui, Managing Director asehnaoui@hvadvisors.com

Harris Williams | Investment Bank Profile General Information Description Founded in 1991, Harris Williams is an investment banking firm headquartered in Richmond, Virginia. The firm advises in the areas of acquisition advisory, restructuring advisory, board advisory, private placements, and capital markets among others. Harris Williams caters to an array of industries including aerospace, defense, government services, business services, consumer, energy, power, and infrastructure, healthcare and life sciences, industrials, technology, and transportation, and logistics. Website

www.harriswilliams.com

Year Founded

1991

Entity Types

Investment Bank Private Company Investor

Service Breakdown

Legal Name

Harris Williams LLC

Serviced Companies: N/A Serviced Deals: N/A Serviced Investors: N/A Serviced Funds: N/A

Service Provider Types

Investment Bank (Primary Type) Business Intermediary Financing Advisory Other Service Provider Type

Contact Information Primary Contact

Primary Office

Julia Moore

1001 Haxall Point

Senior Marketing Specialist

9th Floor

jmoore@harriswilliams.com

Richmond, VA 23219

Phone: +1 (804) 648-0072

United States Phone: +1 (804) 648-0072

Preferences Preferred Industries Aerospace, Defense & Government Services, Business Services, Consumer, Energy, Power & Infrastructure, Healthcare & Life Sciences, Industrials, Technology, Transportation & Logistics Geographical Preferences Americas, Asia, Canada, Europe, United States Preferred Deal Types Acquisition Financing, Add-on, Buyout/LBO, Merger/Acquisition, PIPE, Recapitalization Preferred Verticals Aerospace Technology & Products, Aviation Services, Defense and Space, Government Technology and Services, Commercial & Industrial Services, Specialty Distribution, Professional & Tech-Enabled Services, IT Services, Consumer Services, Consumer MultiSite, Consumer Products, Food & Beverage, Infrastructure, Utility & Telecom, Environmental Services, Engineering & Construction, TICC, Energy Management, Renewables & Distributed Energy, Energy Technology, Providers, Outsourced Provider Services, Life Sciences Tools and Diagnostics, Payer Tech & Services, Medical Products and Devices, Clinical Lab Services, Pharmacy, HCIT, Outsourced Pharma Services, Building Products & Materials, Chemicals & Specialty Materials, Engineered Equipment, Products & Components, Industrial Technology, Packaging, Horizontal Software, Vertical Software, Technology and Data Services, Automotive & Heavy-Duty Aftermarket, Third-Party Logistics, Transportation Infrastructure

130

Hastings Equity Partners | PE/Buyout Profile General Information Description Founded in 2004, Hastings Equity Partners is a private equity firm based in Boston, Massachusetts. The firm also prefers to invest in ESG investments related to health, safety, local & community impact, and environmental sector companies based in North America. Website

www.hastingsequity.com

Total Investments

66†

Entity Type

PE/Buyout

Active Portfolio

Also Known As

Hastings

Investments (TTM)

8†

Legal Name

Hastings Equity Partners, LLC

Exits

Investor Type

PE/Buyout (Primary Type) Impact Investing

Med. Round Amount

$27.98M

Investor Status

Actively Seeking New Investments

Med. Valuation

$34.00M

Year Founded

2004

# of Professionals

AUM

$505.69M

Trade Association

Dry Powder

$163.95M

Principles for Responsible Investment (PRI)

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Barrett Lauer

10 Street James Avenue

Senior Vice President

Floor 5

blauer@hastingsequity.com

Boston, MA 02116

Phone: +1 (281) 306-3423

United States Phone: +1 (781) 209-8801 Fax: +1 (781) 209-8802 info@hastingsequity.com

Investment Preferences Preferred Investment Amount[s]

$20M - $40M

Preferred Revenue[s]

$20M - $200M

Preferred EBITDA

$5M - $25M

Preferred Investment Horizon[s]

3 - 5 years

Preferred Industries Chemicals and Gases, Commercial Products, Commercial Services, Communications and Networking, Energy Infrastructure, Energy Transportation, Forestry, IT Services, Other Business Products and Services, Other Information Technology, Utilities Services, Industrial services, Critical Infrastructure Services Geographical Preferences Canada, North America, United States Preferred Deal Types Add-on, Buyout/LBO, Management Buyout, Recapitalization Preferred Verticals Advanced Manufacturing, Artificial Intelligence & Machine Learning, Big Data, CleanTech, Construction Technology, Cybersecurity, Industrials, Infrastructure, Legal Tech, Manufacturing, TMT, Data Center, Distribution, Underground Utilities Other Investment Preferences Seeks ESG investments, Will syndicate

131

SUPPORTING GROWTH, CREATING VALUE

• • • • • • • • • • •

132

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dŚĞ ,ĞƌŝƚĂŐĞ ŝĨĨĞƌĞŶĐĞ

WĂƌƚŶĞƌƐŚŝƉ ƌŝƚĞƌŝĂ

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ĚĚͲKŶ ĐƋƵŝƐŝƚŝŽŶƐ͗ Ψϭ ŵŝůůŝŽŶн hƐĞƐ ŽĨ ĂƉŝƚĂů

▪▪ WƌŽǀŝĚĞ WĂƌƚŝĂů >ŝƋƵŝĚŝƚǇ ƚŽ ĐƚŝǀĞ ^ŚĂƌĞŚŽůĚĞƌƐ WƌŽǀŝĚĞ WĂƌƚŝĂů >ŝƋƵŝĚŝƚǇ ƚŽ ĐƚŝǀĞ ^ŚĂƌĞŚŽůĚĞƌƐ ▪▪ ZĞƚŝƌĞ ǆŝƚŝŶŐ ^ŚĂƌĞŚŽůĚĞƌƐ ZĞƚŝƌĞ ǆŝƚŝŶŐ ^ŚĂƌĞŚŽůĚĞƌƐ ▪▪ ^ƵƉƉŽƌƚ KƌŐĂŶŝĐ 'ƌŽǁƚŚ ^ƚƌĂƚĞŐŝĞƐ &ƵŶĚ ĐƋƵŝƐŝƚŝŽŶ ĂŶĚ 'ƌŽǁƚŚ ^ƚƌĂƚĞŐŝĞƐ ▪▪ &ƵŶĚ ĂŶĚ ǆĞĐƵƚĞ ĐƋƵŝƐŝƚŝŽŶƐ WĂǇ ŽǁŶ Ğďƚ ƚŽ ^ƵƉƉŽƌƚ ǆƉĂŶƐŝŽŶ ▪ WĂǇ ŽǁŶ Ğďƚ ƚŽ /ŶĐƌĞĂƐĞ &ůĞǆŝďŝůŝƚǇ

&ŽĐƵƐ /ŶĚƵƐƚƌŝĞƐ ▪ DĂŶƵĨĂĐƚƵƌŝŶŐ Θ ŝƐƚƌŝďƵƚŝŽŶ

▪ ĞĞƉ ƉĞƌƐŽŶĂů ƌĞůĂƚŝŽŶƐŚŝƉƐ

▪ ZĞĐǇĐůŝŶŐ Θ ZĞĐůĂŵĂƚŝŽŶ ^ĞƌǀŝĐĞƐ

▪ KŶŐŽŝŶŐ ƐƵƉƉŽƌƚ ĂĐƌŽƐƐ ƐƚƌĂƚĞŐŝĐ͕ ŽƉĞƌĂƚŝŽŶĂů ĂŶĚ ĨŝŶĂŶĐŝĂů ŝŶŝƚŝĂƚŝǀĞƐ

▪ ZĞƉĂŝƌ Θ DĂŝŶƚĞŶĂŶĐĞ ^ĞƌǀŝĐĞƐ

▪ ǆƚĞŶƐŝǀĞ ŶĞƚǁŽƌŬ ŽĨ ĞǆƉĞƌƚŝƐĞ

▪ ^ƉĞĐŝĂůƚǇ ƵƐŝŶĞƐƐ ^ĞƌǀŝĐĞƐ

ϱϴϳϭ 'ůĞŶƌŝĚŐĞ ƌŝǀĞ͕ ^ƵŝƚĞ ϰϱϬ ▪ ƚůĂŶƚĂ͕ 'ĞŽƌŐŝĂ ϯϬϯϮϴ ͮ ǁǁǁ͘ŚĞƌŝƚĂŐĞŐƌŽǁƚŚ͘ĐŽŵ

133

HIDDEN HARBOR CAPITAL PARTNERS Building Teams. Focused on Execution. Fund Committed Capital: Fund I - $265 M Fund II - $450 M Equity Investment Size: $10 to $75 million www.hh-cp.com

Team Business Development Tucker Coates Principal 954-400-1126 tcoates@hh-cp.com Allison Goldman Vice President 954-552-4824 agoldman@hh-cp.com Parker Friedman Analyst 954-360-8710 pfriedman@hh-cp.com Partners John Caple Partner 954-400-1124 jcaple@hh-cp.com Chris Paldino Partner 954-400-1122 cpaldino@hh-cp.com David Block Partner 954-400-1123 dblock@hh-cp.com

Who We Are • Hidden Harbor Capital Partners is a private equity firm, based in Boca Raton, Florida, which helps create business success stories by building teams focused on execution

• We believe that: − Great businesses are built on a strong group of people where the whole is greater than the sum of the parts

− Businesses succeed when they are intensely focused on executing a small set of well-defined objectives

• Hidden Harbor currently manages over $800 million of equity capital and is investing out of its second fund, a $450 million vehicle

What Makes Us Different • Values-driven firm – All team members share a culture of core values • We start with people – building great teams is core to our everything that we do

• InvestorOperators® – Dedicated in-house operations team has real operating experience, including as CEO & CFO

• We are not random idea generators – the core to any strategy is focus and execution

• Proven, replicable process of creating operational value through our Value Creation Blueprint and Standard Operating Procedures

What We Look For • Lower middle market companies up to $500 million in revenue (or any size for add-on opportunities to existing portfolio companies)

Andrew Joy Partner 954-400-1130 ajoy@hh-cp.com

• EBITDA up to $30 million – willing to look at unprofitable businesses

Investment Team

• Companies headquartered in North America

Russell Kreutter Principal 954-400-1127 rkreutter@hh-cp.com Suzanne (DeTore) Faubel Vice President 781-771-1641 sdetore@hh-cp.com Matt Goracy Vice President 954-360-8702 mgoracy@hh-cp.com Ben Koch Vice President 954-400-1137 bkoch@hh-cp.com Matthew Wash Vice President 908-698-3964 mwash@hh-cp.com

• Strong strategic positions – market leadership

• Corporate carve-outs • Family and entrepreneur owned businesses • Equity Investment Size: $10 to $75 million

Industry Focus Invests broadly across Industrials and Business Services including:

• Automotive

• Building Products

• BPO Services

• Environmental Services

• Building & Facility Services

• Food & Beverage

• Chemicals and Materials

• Industrial Services

• Distribution

• Transportation & Logistics

134

Highview Capital is a Los Angeles-based private equity fund that invests in middle market businesses poised to undergo a transformation

Investment Philosophy We are CONSTRUCTIVE, COLLABORATIVE and LONG-TERM partners to companies poised to undergo a TRANSFORMATION

FLEXIBLE

OPERATIONALLY FOCUSED

We craft our transaction structures and operational support to meet the unique needs and strategies of each business in which we invest

Drive transformation with operational optimization initiatives through the deep experience of our team and operating partners

PATIENT

SPEED AND CERTAINTY

Make long-term investments and become trusted partners to portfolio companies without specified exit timeframes or obligations regarding investment horizons

Ability to navigate difficult and time-sensitive transactions and execute with a rapid and transparent closing process, often with no financing contingencies

Investment Strategy FAMILY/FOUNDER CAPITAL SOLUTIONS

CORPORATE CARVEOUTS

BUY-AND-BUILD OPPORTUNITIES

SPECIAL SITUATIONS

Investments in healthy businesses where we actively partner with family or founder owners to execute performance improvement measures to increase enterprise value

Acquisitions of non-core operations or product/service lines where we leverage prior experience and our single capital source to affect carveouts from larger corporate parents on an expedited basis

Control acquisitions of healthy businesses where we can drive a post-close acquisition strategy in fragmented industries where consolidation yields significant operational benefits

Investments in companies with a fundamental reason for being that need assistance through challenging situations, including companies requiring a turnaround plan / financial restructuring, addressing liquidity challenges or managing through one-time events (management missteps, poor M&A, lost customers, etc.)

$500 Million Evergreen fund backed by

SINGLE CAPITAL SOURCE; allows flexibility in investments and operational support

135

TYPICAL INVESTMENT CRITERIA EQUITY CAPITAL PER DEAL

$20 - $125 million ($25-$75 million sweet spot)

REVENUE

$50 – $500 million

EBITDA

$5 – $50 million

ENTERPRISE VALUE

$50 – $350 million

GEOGRAPHIC FOCUS

Global mandate

Helping Management Teams Get to the Top

Overview

Investment Team

Founded in 1999, ICV is a private equity firm that invests in lower middle market companies in North America through its offices in Miami, FL and Atlanta, GA. Our focus is on making equity investments in high-margin, market leading businesses in partnership with proven managers who want to grow and improve their company. We have made 31 investments and understand what it takes to build capabilities and to take a company to the next level of performance.

Investment Strategy Financial Criteria

Transaction Types

• Revenues: $25 – 300 million • EBITDA: $10 – 40 million • No minimum for add-ons

• Leveraged Buyouts • Family Succession • Corporate Divestitures • Recapitalizations • Management Buyouts

Lloyd M. Metz Managing Director lmetz@icvpartners.com (212) 455 – 9602 BUSINESS SERVICES • FOOD & BEVERAGE

Ira L. Moreland Managing Director imoreland@icvpartners.com (404) 682 – 1401 HEALTHCARE • CONSUMER

Industry Preferences

Operational Criteria

• Food & Beverage Processing • Consumer Products & Services • Healthcare • Business Services

• Superior Management Team • Leading Market Position • Attractive Growth Opportunity • Operate in Stable Demand Industry • Broad Customer Base

Value-Added Approach Through the years, we have helped our partner companies navigate competitive challenges and execute strategic initiatives for their future. We consistently work to give genuine meaning to the phrase “value-added partner” through thoughtful analysis and assessment, fair dealing and respectful collaboration. Our tools include: • Focused and proven strategies for growing top line revenues • A unique post-closing process • Conservative capital structures, no subordinated debt • Sourcing, funding and structuring key add-on acquisitions

Miami 2 S. Biscayne Boulevard Suite 3700 Miami, FL 33131

Willie E. Woods Founder, President & CEO wwoods@icvpartners.com (212) 455 – 9643

ICV Partners

Atlanta 1201 W. Peachtree Street Suite 2800 Atlanta, GA 30309

Zeena H. Rao Managing Director zrao@icvpartners.com (212) 455 – 9607 BUSINESS SERVICES • CONSUMER

Qian W. Elmore Managing Director qelmore@icvpartners.com (404) 682 – 1402 HEALTHCARE • FOOD & BEVERAGE

Jermaine L. Warren Managing Director jwarren@icvpartners.com (212) 455 – 9604 BUSINESS SERVICES • FOOD & BEVERAGE

Sheldon B. Howell Principal showell@icvpartners.com (212) 455 – 9601 HEALTHCARE • CONSUMER

www.icvpartners.com

136

IMB Partners | PE/Buyout Profile General Information Description Founded in 2010, IMB Partners is a private equity firm based in Bethesda, Maryland. The firm mainly seeks to invest in companies providing business services to electric and gas utilities and government agencies and customer-concentrated businesses. Website

www.imbpartners.com

Total Investments

12†

Entity Types

PE/Buyout Financing Advisory

Active Portfolio

Also Known As

IMB

Investments (TTM)

Formerly Known As

IMB Development Corporation

Exits

Legal Name

IMB Partners, LLC

Med. Valuation

$28.93M

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

# of Professionals

Investor Status

Actively Seeking New Investments

Year Founded

2010

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Farrah Holder

7201 Wisconsin Avenue

Managing Director

Suite 440

fholder@imbpartners.com

Bethesda, MD 20814

Phone: +1 (240) 507-1660

United States Phone: +1 (240) 507-1660 Fax: +1 (240) 507-1653

Investment Preferences

137

Preferred Investment Amount[s]

$10M - $250M

Preferred Revenue[s]

$10M - $250M

Preferred EBITDA

$5M - $25M

Preferred Industries

Geographical Preference

Preferred Deal Types

Preferred Verticals

Other Investment Preferences

Beverages, BPO/Outsource Services, Construction and Engineering, Food Products, IT Services, Logistics, Utilities

United States

Add-on, Buyout/LBO, Corporate Divestiture, Joint Venture, Management Buyout, PE Growth/Expansion, Recapitalization

CleanTech, Climate Tech, Infrastructure, Oil & Gas

Prefers majority stake, Prefers minority stake, Will syndicate

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Contacts

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Sarah Halvonik

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412.315.7810 VDUDK KDOYRQLN#LQFOLQHHTXLW\ FRP

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Andrei Morin-Kougoucheff

Dana Fitzgerald

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138

BUILT ON OPERATIONS Industrial Opportunity Partners LLC (“IOP”) was founded in 2005 by a group of like-minded finance and operations executives who came together to build a private equity firm centered on a shared passion for the companies that are the backbone of our economy – middle market manufacturing and distribution businesses. Within IOP, we bring together experienced investing professionals with our exclusive and full-time Operating Principals, who partner with management at each platform company to create value throughout our investment period. We use a collaborative model for investing in and working with these companies to create value for all constituencies- employees, communities, and investors.

$50-$500M

IOP OVERVIEW

$1.5B+ in committed capital $1.4B+ portfolio company revenue 5,000+ portfolio company employees 50+ acquisitions in our history

$5-$50M

REVENUE

$15-$100M

E BI T DA

FOCUS ON INDUSTRIALS

PE R I N VE ST M E N T

DEDICATED TO THE MIDDLE MARKET

•

We are open to any company in manufacturing or distribution, regardless of what they make or ship. Our investments span building products to transportation to consumer goods manufacturing.

•

We look for businesses that have defensible market, customer and product positions over the long term. We must see clear-cut potential for operational improvement and/or growth.

•

Our platform companies are typically between $50 and $500 million in revenue, with positive EBITDA preferred but not required. Strategic acquisitions for our companies can be any size.

•

We generally invest between $15 and $100 million, though we can make larger investments. We seek to invest in privately held companies, corporate divestitures, and restructuring situations.

STEWARDS OF BUSINESSES

PARTNERSHIP WITH MANAGEMENT

•

We consider ourselves stewards of companies during our ownership, with a desire to position them for long-term success.

•

In most cases, our platform companies have strong incumbent managers in key functions, though it’s not a requirement.

•

We seek to fundamentally improve the performance of our businesses to the benefit of employees, customers, suppliers and community, as well as shareholders.

•

We strongly believe that management teams should share in the financial success of our investments. Management teams typically invest on the same terms as IOP.

Craig Korte, Director of Business Development | ckorte@iopfund.com | 847.556.3468 Grace Foley, Business Development Associate | gfoley@iopfund.com | 847.556.3463 1603 ORRINGTON AVENUE

139

SUITE 700

EVANSTON, ILLINOIS 60201

WWW.IOPFUND.COM

IndustryPro | Investment Bank Profile General Information Description Founded in 1991, IndustryPro is a mergers and acquisitions advisory firm headquartered in Woodstock, Georgia. The firm facilitates business acquisitions, divestitures, management buyouts, and recapitalization transactions for privately held companies. The firm also assists firms with private equity deal sourcing, direct investing, business appraisals, and enhancing business value. Website

www.industrypro.com

Year Founded

1991

Entity Type

Investment Bank

Employees

Legal Name

IndustryPro, Inc.

Service Breakdown

Service Provider Types

Investment Bank (Primary Type) Financing Advisory Valuation Firm

Serviced Companies: 100+ Serviced Deals: 100+ Serviced Investors: 60+

Contact Information Primary Contact

Primary Office

Zach Zirkle

8681 Highway 92, Suite 400

President

Woodstock

zzirkle@industrypro.com

Atlanta, GA 30189

Phone: +1 (801) 318-9484

United States Phone: +1 (470) 443-2826 support@industrypro.com

Preferences Preferred Industries

Geographical Preference

Preferred Deal Types

Preferred Verticals

Healthcare, Manufacturing, Software, Home Services, Logistics, Industrial Services and Consumer Services

North America

Acquisition Financing, Buyout/LBO, Corporate Divestiture, Debt - General, Management Buyout, Merger/Acquisition, PE Growth/Expansion, Recapitalization

Industrials, Manufacturing

140

PORTFOLIO INVESTMENT CRITERIA

Kian is a private investment firm in Charlotte and Atlanta with $825M of AUM, 16 current investments and investing out of its 4th fund of $400M (2023). Kian’s team of seasoned investors has over 100 years of collective experience providing transformational capital solutions and board-level strategic and operational guidance to founder/owner operated businesses. We recognize the importance of deal referral sources in providing us with promising opportunities and offer referral fees for those resulting in a transaction. Please contact David Duke at dduke@kiancapital.com with any opportunities that fit our areas of focus.

INVESTMENT CRITERIA $3-15M

$10-100M

GEOGRAPHY

in EBITDA

in Revenue

Continental US

OWNERSHIP DYNAMICS

TRANSACTION TYPES

COMPANY CHARACTERISTICS

Preference for founderowned / owner-operated businesses with a desire to reinvest a significant portion alongside Kian

Focused on control buyouts but will consider minority investments

• • • • • • •

Diversified customer base Has a true reason to exist; competitive advantage in their market; customer-focused value proposition Leader in a market of at least $500M Strong management team and leadership Attractive growth prospects — both organic and through acquisition Strong financial performance and controls Low CapEx — high variable costs; low fixed costs

SECTOR FOCUS AND TARGET VERTICALS SECTOR VALUE-ADDED DISTRIBUTION

BUSINESS MODEL

TARGETED VERTICALS

Wholesale • Consultative and/or Technical Sales • Aftermarket Parts and Services

•

• • • • •

•

B2B

• • •

SERVICES •

B2C

• •

•

CONSUMER

SPECIALTY MANUFACTURING

141

Healthcare

•

Branded DTC

•

Multi-unit

Asset-light, assembled Proprietary design, formulas, etc. • Specialty contract manufacturing

Industrial products — flow control, automation, motion control, fasteners, MRO/Safety, engineered components, infrastructure Home services end markets — HVAC equipment & supplies, plumbing, electrical Food, food ingredients, and food service equipment Packaging IT Services — MSPs, MSSPs, Cloud, UCaaS services, application consulting services Expert consulting serving needs related to GRC and TIC Commercial insurance services — brokerage, claims management services Auto services — repair & maintenance services, collision services, dealer services Commercial/Industrial field & facilities services — environmental clean-up, highly skilled repair/maintenance services Home services (pest, lawn care, landscaping, foundation repair, tree trimming, plumbing, electrical, etc.) Wealth management services & Insurance agencies

•

Specialty practice management — dental, dermatology, eye care, podiatry, PT, urgent care, etc.

•

Tech enabled business services to healthcare facilities

•

Automotive aftermarket Enthusiast end markets — outdoor, hunting, fishing, active lifestyle Pet products and services

• •

•

• •

Replacement parts Personal care contract manufacturing Technical industrial products

KippsDeSanto & Co. (a wholly-owned subsidiary of Capital One*) is an investment bank focused on delivering exceptional results for leading, growth-oriented aerospace/defense and technology companies. We leverage our creativity and industry experience to provide M&A, private financing, and strategic consulting. Our senior team has advised on over 200 transactions totaling more than $17 billion in deal value. Capitalizing on real-time industry trends and in-depth technical and strategic analysis, our solutions-driven approach is highly structured and uniquely tailored to each client. We are recognized for our market insight and broad industry relationships. We help market leaders realize their full strategic value.

Experience and Services

Kate Troendle

Managing Director* 301.404.2091 ktroendle@kippsdesanto.com

Wilkerson Anthony

Associate 571.407.4393 wanthony@kippsdesanto.com

Transaction Parameters

Comprehensive sellside advisory

Geographies: United States, Canada, and Europe

Management & ESOP buyouts and financing

Industry Focus: Aerospace, defense, government services, enterprise technology

Growth capital Selective & targeted buyside advisory

Integrity

Performance

Deep aerospace, defense, government services, and enterprise technology knowledge with a proven track record of M&A success

1 focus area

40+ Bankers

110+ deals

500+ buyers

Leverage our expertise in aerospace, defense, government services, and enterprise technology to navigate the complexities of the industry.

A deep bench of industrydedicated bankers combines our expertise of specialized insights with senior banker involvement at every stage.

Since 2018, our team has closed over 110 transactions with a lifetime of 200+ closed deals since our inception.

With over 500+ strategic buyers & Private Equity firms covered annually we deliver the expertise needed to propel marketleading companies.

*KippsDeSanto & Co. was acquired by Capital One, N.A., in 2019 Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency. KippsDeSanto & Co. member FINRA / SPIC is not affiliated with any other company mentioned herein.

1675 Capital One Drive Suite 1200 McLean, VA 22102 www.kippsdesanto.com

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0INVESTMENT CRITERIA Investment Type Industries

Majority or Minority Equity Value-added distribution, specialty services, and niche manufacturing

Company Size

$4-20+ million of EBITDA

Transaction Types

• Recapitalizations • Management Buyouts

Flexibility Geography

• Family Successions • Growth Capital

Demonstrated ability to evaluate and close transactions with complex / sticky ownership situations, customer or vendor concentration, and other commonly identified traits within lower middle-market businesses United States

CURRENT PORTFOLIO Selinsky FORCE Canton, OH Management Buyout

In-plant services provider of industrial, refractory, piping, power, construction, and equipment rental services to customers within the engineered materials, industrial manufacturing, power, civil construction, and other industrial end markets

Miller Integrated Solutions Deer Park, TX Management Buyout

In-plant services provider of industrial cleaning, mechanical & construction, and environmental services to customers within the refining, petrochemical, chemical & agrochemical, utilities & energy, storage terminal, and other general industrial end markets

eTech Environmental & Safety Solutions Odessa, TX Management Buyout

Field services provider of regulatory mandated soil sampling & testing, environmental remediation, waste management, and long-term compliance services to customers within the upstream & midstream energy, government, and industrial end markets

Marek Sawing & Drilling Houston, TX Majority Recapitalization

Field services provider of concrete scanning, cutting, demolition, and placement services, providing complete lifecycle support to customers’ facilities within the commercial, healthcare, industrial, education, and sports & entertainment end markets

Thorpe Specialty Services Houston, TX Management Buyout

In-plant services provider of specialty industrial corrosion, refractory, scaffolding & insulation services to customers within the chemical, petrochemical, power, natural resources (lime), pulp & paper, metals & mining, and other industrial and infrastructure end markets

The Warehouse Rentals & Supplies La Porte, TX Management Buyout

Value-added distributor of surface preparation, abrasive blasting & painting, safety equipment, and consumables to customers within the industrial, commercial, infrastructure, transportation, and energy end markets

Precision Impacts Miamisburg, OH Majority Recapitalization

Niche manufacturer of extruded specialty aluminum and composite over wrapped cylinders, tanks, and other components to customers within the consumer, defense, industrial, medical, and sporting goods end markets

Jackson Infrastructure Services West Jordan, UT Majority Recapitalization

Field services provider of underground fiberoptic, public infrastructure, and natural gas mainline infrastructure installation and maintenance services to customers within the telecom and utility end markets

I&I Soft Craft Solutions New Orleans, LA Majority Recapitalization

In-plant services provider of industrial insulation, fireproofing, heat tracing, painting & coating, refractory, scaffolding, and abatement services to customers within the LNG, refining, chemical, gas, processing, power, pulp & paper, general industrial and marine end markets

Frankston Packaging Frankston, TX Majority Recapitalization

Niche manufacturer of custom and stock folding cartons, flexible packaging, pressure sensitive labels, and corrugated boxes to customers within the food & beverage, concessions, foodservice, pharmaceutical, medical & nutraceutical, and general retail end markets

ElectriCom Paoli, IN Minority Recapitalization

Field services provider of aerial & underground fiberoptic and power distribution installation and maintenance services to customers within the telecom and utility end markets

Shenandoah Industrial Solutions Pompano Beach, FL Management Buyout

Field services provider of critical storm drainage and pipeline infrastructure inspection, cleaning, remediation, and trenchless pipe repair (CIPP lining) maintenance services to customers within the municipality and commercial end markets

Apogee Lighting Deer Park, NY Majority Recapitalization

Niche manufacturer of highly engineered pressure-proof, tamper-proof, weather-proof LED lighting fixtures to customers within the industrial, infrastructure, and mass-transit end markets as well as innovative, custom designed architectural fixtures to customers within the commercial and retail end markets

BMI Merchandise Lakewood, NJ Majority Recapitalization

Value-added distributor of redemption merchandise to customers within the family entertainment center, amusement, bowling center, restaurant, cruise ship, movie theater, theme park, and sports complex end markets

KLH Capital | 4030 W. Boy Scout Boulevard, Suite 925 Tampa, FL 33607 | TEL: 813.222.0160

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Our Companies and Add-on Interests Koch Enterprises, Inc. (www.kochenterprises.com) is the parent holding company. Headquartered in Evansville, IN with 42 locations in US, Mexico, Canada, and Europe. Acquisition Interests: Industrial manufacturing or distribution up to $12M EBITDA. Koch Air, LLC (www.kochair.com) is a leading wholesale distributor of Carrier branded HVAC products, parts, and supplies for HVAC dealers, contractors, and homeowners. Headquartered in Evansville, IN with ten (10) locations in IN, KY, MO, and IL. Add-on interests: HVAC distributors or HVAC manufacturing representatives. South Western Communications, Inc. (www.swc.net) is a leading systems integrator that provides critical communication, physical security and life safety solutions for healthcare, education, detention and commercial customers. Headquartered in Evansville, IN with eight (8) locations in IN, GA, MO, TN, and AL. Add-on interests: Security systems integrators. Amprod, LLC has two divisions. American Products (www.amprod.us) is a leading provider of engineered enclosures, shelters, and cabinets for the telecommunications and utilities industries. EnSight Solutions (www.ensightsolutions.us) is a leading provider of food processing equipment for the meat, baking, dairy, and pet food industries. Headquartered in Strafford, MO with five (5) locations in MO. Add-on interests: Telecom enclosures/cabinets or food processing equipment. George Koch Sons, LLC (www.kochllc.com) is a leading global supplier of turnkey finishing systems (powder, liquid, electrocoat, anodizing, plating, striping, …). Headquartered in Evansville, IN with five (5) locations in US, Mexico, and Europe. Add-on acquisition interests: Industrial controls and/or automation companies. Audubon Metals, LLC (www.audubonmetals.com) is a leading aluminum smelter that recycles auto shredder waste to produce aluminum alloys for casting companies. Headquartered in Henderson, KY with a second location in Corsicana, TX. Brake Supply Co., Inc. (www.brake.com) is a leading provider of components and remanufacturing services to operators of heavy industrial and mining equipment. Headquartered in Evansville, IN with ten (10) locations in US and Canada. Gibbs Die Casting Corp. (www.gibbsdc.com) is a leading manufacturer of aluminum die cast and machined parts and assemblies for automotive OEMs and their suppliers. Headquartered in Henderson, KY. Promenade (www.promenade-evansville.com) is the only mixed-use, full-scale lifestyle real estate development in Evansville, IN (approximately 175 acres).

Koch Air

Deal Contact

SWC

Steve Church, VP Corp. Dev.

schurch@kochep.com

Amprod

m: (812) 480-4025

George Koch Sons

o: (812) 465-9693

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INVESTMENT TEAM

A differentiated approach to private equity. Based in Nashville, TN, Lead Capital Partners is a private investment firm focused exclusively on healthcare companies in the lower middle-market. Lead Capital acquires majority ownership positions in founder owned and operated businesses. We believe in growing healthy companies and establishing a stable environment where all constituents of the business are aligned for long-term success. Our approach provides companies with a unique combination of capital resources, operating experience, and a longterm investment horizon that creates an optimal environment for continued growth. Lead Capital provides liquidity to shareholders of privately owned businesses, facilitates transition of ownership to key managers, and provides an environment that allows employees and management teams to capitalize on growth opportunities. We are not operators; rather, we are a resource for management, leveraging our healthcare industry knowledge and experience operating in a highly regulated environment. We work closely with management to set the company’s strategic direction and support activities that will increase the company’s value at the eventual time of exit.

Pryor Smartt Managing Partner 615.400.1528 psmartt@leadcp.com Tate McNeilly Director 615.969.9808 tate@leadcp.com Lamar Stanley Director 757.646.6854 lstanley@leadcp.com Carl Grote Director 615.948.3512 cgrote@leadcp.com Jonathan Henry Associate 704.302.7373 jhenry@leadcp.com John Peake, CPA Vice President of Finance and Fund Administration 478.972.2863 jpeake@leadcp.com

INVESTMENT CRITERIA $10–$50MM Revenue Criteria

$1–$5MM

$10-$50MM

10+ Years

EBITDA Criteria

Enterprise Value

Hold Period

INVESTMENT PRINCIPLES

$ Healthcare Services

Recurring Revenue

Growing Industry

Fragmented Landscape

Diverse Customer Base

Geographic Density

www.leadcp.com info@leadcp.com 3817 Bedford Ave | Suite 220 | Nashville, TN 37215

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LFM Capital

Ryan Richardson Senior Associate (707) 738-4255 ryan@lfmcapital.com

1312 Third Avenue North Nashville, Tennessee 37208 lfmcapital.com

Operators. Engineers. Partners. About LFM Capital We are a Nashville-based private equity firm founded by operators and engineers. We invest in manufacturing companies in the U.S. and Canada. We are driven by a passion for invigorating the manufacturing sector in North America. Our vision is to grow successful manufacturing businesses that leave a lasting legacy.

Investment Focus Financial Profile Fund Size:

$307 million

Type:

Lead or control investments

Transaction:

Management Buyout, Corporate Carve-out, Strategic Add-ons

Company Size:

$3 to $15 million EBITDA

Sector:

North American manufacturing and industrial services

Our Approach We have a highly flexible model.

• We are excited to partner with current owners and management teams. We also partner with owners looking to make a transition and work together to help identify the next leader.

We are an active partner, but we don’t micromanage.

• We are on-call to support management teams

with operational expertise but give them autonomy to run their businesses. We work hard to preserve legacy, focus on company culture, and empower employees to develop and grow.

We believe manufacturing transcends the shop floor.

• Sales, marketing, product development, supply

chain, distribution, and manufacturing are all critical to success. We work alongside companies to identify their growth levers – and then work as a team to decide which to pull and how hard.

LFM Senior Team Steve Cook, Executive Managing Director • Principal, TVV Capital • COO, MFG.com • Southeastern Regional Senior Director, Dell • Lieutenant, U.S. Navy • B.S. Electrical Engineering, US Naval Academy • M.S. Electrical Engr. and Computer Science, MIT • MBA, MIT Sloan School of Management Dan Shockley, Managing Director • General Manager, Ditch Witch • General Manager, Caterpillar • Facility Manager, Caterpillar • B.S. Metallurgical Engineering, University of Missouri Rolla • M.S. Mechanical Engineering, MIT • MBA, MIT Sloan School of Management Chris Lin, Managing Director • Case Team Leader, Bain & Company • B.S. Biomedical Computation, Stanford • M.S. Electrical Engr. and Computer Science, MIT • MBA, MIT Sloan School of Management

Jessica Ginsberg, Managing Director • Portfolio Management Officer, Bank of America • Vice President, Essex Investment Management • Associate, Pamlico Capital • Analyst, Leveraged Finance, Bank of America • BSBA, Georgetown University

Conner Harris, Managing Director • Vice President, The Riverside Company • Vice President, BDCA • Analyst, BlackArch Partners • Mechanical Engineer, Westinghouse Nuclear • B.S. Mechanical Engineering, North Carolina State University Russ Aiken, Vice President • Analyst, Barlclays • Analyst, PwC, Transaction Services • BBA Lipscomb University • MAcc, Vanderbilt University, Owen Graduate School of Management

Ken Hoefling, Operating Partner** • Vice President, Caterpillar • General Manager, Caterpillar • Product Manager, Engineering Manager, various engineering positions, Caterpillar • BS, Iowa State University • Caterpillar Executive MBA, Stanford University **Operating Partners are employees of LFM, but the Firm is reimbursed by the portfolio companies where they dedicate time.

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Creating Strategic Transparent Partnerships We are seasoned investment professionals providing collaborative liquidity solutions to small and medium sized businesses in the professional services and light manufacturing & distribution industries. Leveraging our extensive transaction experience, we faithfully deploy our network and operational resources to create portfolio value. Our mission centers around an unyielding commitment to the growth and success of our partner businesses, leading with culture-building, employee empowerment, management & stakeholder alignment, and direct, transparent communication.

Investment Mandate

Value Creation

• Flexible capital structure and investment horizons • Preferred size characteristics: o

Revenue of $10 to $80 million

EBITDA of $2 to $8 million

Governance

Management Augmentation

IT & Infrastructure

Acquisitions

Finance & Working Capital

• Motivated, equity-oriented management • Sustainable competitive advantage

• Cyclical resistant end markets • Actionable growth opportunities

Sales & Marketing

• Diversified customer base • Superior customer service model • Stable and predictable cash flow

70+ Years of Investing Experience

Work Hard, Play Hard

ESG

Over 120 Transactions Completed

Strong Investor Network

Over $500 Million of Capital Managed

Every transaction is unique in its own right. Rather than applying a one-size-fits-all approach, we tailor our involvement based on the desired outcome, and company-specific optimal investment life. Capital is invested in single purpose vehicles and is raised from a variety of familiar and committed resources, ranging from pre-qualified institutional investors to high-net-worth individuals, many of whom have supported us in past investments. Our deep network and solid relationships with equity providers, and senior and subordinated lenders alike, allow us to work together to create a capital structure that provides maximum financial flexibility for reinvestment in the growth of the business and its team members. An affiliate of

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Giny Mullins

Jeff Piper

Babette Henagan

gmullins@linxpartners.com

jpiper@linxpartners.com

bhenagan@linxpartners.com

404.788.4005

773.910.4799

404.273.0021

The Partnership Portfolio Companies Want with the Capital They Need Main Street provides debt and equity capital to lower middle market companies. Through a unique, one-stop shop partnership model, Main Street offers capital solutions to entrepreneurs, business owners, and management teams to meet their goals - whether to diversify wealth, achieve liquidity, complete a management buyout or execute mergers and acquisitions.

PORTFOLIO COMPANIES

$3 - EBITDA $20M CRITERIA

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CUMULATIVE INVESTMENTS

$5- INVESTMENT $75M SIZE

$6.8B

CAPITAL UNDER MANAGEMENT

OVER

DIVERSE INDUSTRIES

INVESTMENT CRITERIA

INVESTMENT STRUCTURES

TRANSACTION TYPES

• Revenue of $10-$150M • EBITDA of $3-$20M • Stable, positive cash ﬂow • Proven market position • Strong management team • $5-$75M investment size • Ability to syndicate larger transactions • Industry generalists

• “One-Stop” debt & equity capital (majority & minority) • Common equity • Preferred equity • Senior secured term debt • Unitranche term debt • Subordinated term debt • Long-term structures with minimal or no ﬁxed amortization

• Recapitalizations • Family estate planning • Management buyouts • Reﬁnancings • Strategic acquisitions • Expansion and growth initiatives for later-stage companies • Change of control

Not Traditional Private Equity ONE-STOP SHOP CAPITAL Simplified Capital Structure

LONG-TERM CAPITAL Flexible and long-term

We have the ﬂexibility to customize investment structures to meet the needs of our portfolio companies. Main Street’s primary objective is to create a capital structure that best aligns the interest of all stakeholders in both good economies and more challenging markets.

As a publicly traded investment ﬁrm, we have permanent capital and are not bound by the requirements of most institutional funds. This allows us the ﬂexibility to be a long-term partner, without being pressured with arbitrary investment horizons or a scheduled exit strategy imposed on institutional funds.

A PARTNERSHIP-FIRST APPROACH Operational Autonomy

TRUST AND TRANSPARENCY Efficient Execution

Regardless of equity ownership percentages, we aim to structure financial partnerships that align our interests with the business, allowing management to maintain significant operational and strategic control. More than just a financial partner, we can also provide strategic insight and make valuable introductions to industry experts and service providers.

We strive to keep capital structures simple. From a letter of intent to close, there will be no surprises. Our ability to invest in both debt and equity securities and fully ﬁnance a transaction means that business owners and management teams work with only one ﬁnancial partner. This reduces cultural and execution risk, expediting the closing process to allow business owners and management teams to focus on what is important – the business.

mainstcapital.com| NYSE: MAIN | 1300 Post Oak Boulevard, 8th Floor, Houston, Texas 77056

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101 S. Franklin Street, Suite 205 Tampa, Florida 33602 Tel (813) 868-4500 Fax (813) 224-0922

What makes Mangrove different is the full measure of what we bring to our portfolio partners: character, experience, and an uncommon ability to help our portfolio partners prosper. Mangrove Equity Partners’ principals enjoy a national reputation as uncommonly effective, fair, flexible and honorable partners to company owners and managers. We have the captive financial resources and experience to efficiently close transactions. We also have substantial operating experience and a collaborative approach to building value at the companies with whom we partner. Mangrove's three-man internal operating team affords our fund an uncommon ability to help owner/operators maximize the value of their retained ownership, and allows Mangrove to invest in opportune situations, including those that are complex. Differentiators o Meaningful Experience: Over 150 transactions across 60+ industries earns credibility with owner/operators, particularly since we often have experience/understanding and references in their industry o Internal Operating Team: Our proven ability to build commonality with business owners can quickly relate to

entrepreneurs through shared experience and quickly evidence ability to add more value than most private equity groups

o Ability to GET DEALS DONE: Our 100 years of collective experience helps get transactions across the finish line

quickly, even with companies/situations that are complex

o Quick and Frank Feedback: Responsiveness, Courtesy, Respect, and Partnership have been the hallmarks of our

service orientation toward deal sources since 1989

TARGET COMPANY SIZE

For new investments, rather than add-on acquisitions, Mangrove typically invests in businesses with pre-tax profits of $3-10 million and revenues from $8-$100 million. At the lower end of that size range, we typically look for businesses with attractive growth profiles, consolidatable industries or other opportunities to scale quickly. Geography U.S. or Canada Industries

Having been in 60+ industries we can quickly determine how attractive a particular opportunity is to us. While very opportunistic, the Mangrove team has enjoyed great success with core industrial manufacturing, mission-critical industrial service, business services, enthusiast-driven branded consumer products, and specialty rental products.

INQUIRIES Glenn Oken (813) 868-4500 x401 goken@mangroveequity.com

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Matt Kane (813) 868-4500 x403 mkane@mangroveequity.com

Kristen Bistany (813) 868-4500 x 409 kbistany@mangroveequity.com

Katie Faircloth (813) 868-4500 x 414 kfaircloth@mangroveequity.com

Marsh McLennan Agency (MMA) is one of the nation’s leading insurance brokerages, providing comprehensive risk management and employee benefit solutions to organizations of all sizes. Designed to meet the unique needs of growing companies, MMA combines capabilities with caring, global reach with local support, and advanced technology with human connection. Working with MMA, you’ll have access to the global resources of Marsh while working with passionate professionals in your community.

Let MMA take you there Unlimited possibilities come with seemingly unending challenges, but MMA is committed to seeing you thrive. With our in-house resources and world-class service, we can help you overcome the unknown and build a future that is truly limitless.

In-house resources

Proprietary solutions

• Actuarial • Wellness • Compliance • Loss prevention • Claims advocates

• Benefits administration platforms • Employee benefits mobile app • Planning & Analytics for Total Health • Rx Solutions

Services we provide • Business Insurance • Employee Health & Benefits • Executive Benefits • Private Client Services

• Retirement Services • Risk Management • Surety

Learn more

MMA by the numbers

9,000+ Colleagues

9th

Largest agency

170+ Locations

Sean Mitchell Senior Vice President Employee Health & Benefits Sean.Mitchell@MarshMMA.com

1,565 Producers

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Trusted Mergers & Acquisition Advisors Operating & Corporate Finance Experience Reputation for Efficient, Effective Processes

OUR FIRM

OUR FOCUS

Mazzone & Associates is middle market investment bank headquartered in Atlanta, GA. Established and led by advisors with global M&A and operating experience, Mazzone provides comprehensive transaction services for middle-market companies, private equity groups, individuals, and public companies and focuses on clients within industrial, packaging, technology, healthcare, consumer and specialty finance sectors.

MIDDLE MARKET Enterprise Values: $25M - $500M Transaction Amount: $10M - $1B

FOCUS INDUSTRIES Diversified Industrials Paper, Plastics, and Packaging Building Products & Services Healthcare Technology Financial Services Consumer

CONTACT Dustin Ramsey Director dramsey@mazzoneib.com Stuart Sanford Director ssanford@mazzoneib.com

SERVICES Sell-Side Advisory Buy-Side Advisory Leveraged Finance

Dustin Dawson Vice President ddawson@mazzoneib.com

The Office Tower at the Four Seasons 75 14th Street, NE, Suite 2800, Atlanta, GA 30309 404.931.8545 www.mazzoneib.com info@mazzoneib.com

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McCarthy Capital | PE/Buyout Profile General Information Description Founded in 1986, McCarthy Capital is a private equity firm based in Omaha, Nebraska. The firm seeks to invest in companies operating in the business services, including technology-enabled business services like SaaS, software and IT services, valueadded resellers & technology, media &communications, financial services, and consumer products sectors. Entity Types

PE/Buyout Private Company Mezzanine

Also Known As

McCarthy

Legal Name

McCarthy Partners Management LLC

Investor Type

PE/Buyout (Primary Type) Venture Capital

Investor Status

Actively Seeking New Investments

Year Founded

1986

AUM

Nearly $3.0B

Total Investments

Active Portfolio

Investments (TTM)

Exits

# of Professionals

Contact Information Primary Contact Matt Breunsbach Managing Director mbreunsbach@mccarthycapital.com Phone: +1 (402) 991-8433

Primary Office 1601 Dodge Street Suite 3800 Omaha, NE 68102 United States Phone: +1 (402) 932-8600 info@mccarthycapital.com

Investment Preferences Preferred Investment Amount[s]

$30M - $125M

Preferred Revenue[s]

$10M minimum

Preferred Industries

Geographical Preference

Preferred Deal Types

Preferred Verticals

Other Investment Preferences

Commercial Services, Healthcare Services, IT Services, Media, Other Financial Services, Software

United States

Buyout/LBO, Management Buyout, PE Growth/Expansion, Recapitalization

AdTech, FinTech, Industrials, Manufacturing, SaaS, TMT

Long-Term Investor, Prefers majority stake, Prefers minority stake, Will syndicate

Real Estate Asset Preferences Industrial, Multi-family, Office, Other, Retail

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McGriff Overview With more than a century of experience, McGriff provides highly customized insurance, risk management, and employee benefit solutions for organizations of all sizes. McGriff is the retail brokerage subsidiary of Truist Insurance Holdings, LLC, 1 the fifth largest insurance broker in the U.S.

What We Offer

McGriff: By the Numbers

Insurance • Property and Casualty

• Cyber

• Transactional Liability

• Bonding and Surety

• Executive Risk

• Workers’ Compensation

• Captives and Alternative Risk

• Management and Professional Liability

• Personal Lines • Small Business

2022 Revenue

Risk Services • Data Analytics

• Client Education

• Risk Control Consulting

• Risk-Focused Digital Platforms

• Claims Advocacy

• Claims Management and Cost Containment

$1.1Billion

Employee Benefits • Medical, Dental, Vision

• Life and Disability

• Worksite/Voluntary

• Prescription Drug

• FSA, HSA, HRA, COBRA

• Retirement

Industry Practices and Specialties • Marine

• Condominium Associations

• Forest and Building Products

• Construction

• Government Contractors

• Public Entity

• Energy

• Healthcare and Senior Care

• Personnel Services

• Higher Education

• Technology

• Aviation & Aerospace

• Environmental • Executive Risk Advisors • Financial Institutions

• Manufacturing

2022 Premium Volume

$11.6Billion

• Private Equity

• Real Estate and Hospitality • Transportation

U.S. Locations

100+

Employee Benefits National Specialty Resources • Benefits Technology

• Actuarial and Underwriting

• Clinical Wellness

• HR Advisory

• Communications

• Insights and Analytics

• Compliance

• Flexible Benefit Administration

• Pharmacy Benefit Consulting • Retirement Plan Consulting

Teammates

3,500+

Countries Represented2 1 - Business Insurance, July 2023 2 - Through partnerships © 2024 McGriff Insurance Services, LLC. All rights reserved. McGriff Insurance Services, LLC is a subsidiary of Truist Insurance Holdings, LLC.

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EXPERIENCED OPERATORS INVESTING IN THE MIDDLE MARKET INVESTMENT CRITERIA

TARGET MARKET

Geography: Global exposure with North American or European HQ Sectors: B2B Industrials, Manufacturing, & Specialty Distribution Special Thesis Areas: Mobility Infrastructure Industry 4.0 Exclusions: >25% exposure to Big Box Retail Turnarounds

FUND SIZE

$800M Fund II (Flagship) $250M Mobility Opportunity Fund (Fund II overage vehicle investing in EV, lightweighting, autonomous, and connected car technologies) Additional Co-Invest on every deal ($1B+ to date) AUM: $3.4B

CHARACTERISTICS

Good business: End market growth Historical growth at/above market Market leading player Strong FCF conversion Operationally underperforming peers/ benchmarks Definable Value Creation Plan prior to close DEAL SIZE Equity Investment: $20M to $350M EBITDA: $15M to $100M Revenue: >$75M Transaction Size: Up to $500M

INVESTMENTS

Metal Processing & Distribution Carol Stream, IL Revenue: $1B Fund(s): MiddleGround Carbon CV Acquired: Nov 2023

Automotive Transmission Thatcham, UK Revenue: ~£82M Fund(s): Fund II / MOF Acquired: July 2023

Advanced Manufacturing Buy & Build Quebec City, QC Revenue: ~$13M Fund(s): Fund II Acquired: Jan 2023

Steel Infrastructure Manufacturer Kosciusko, MS Revenue: ~$140M Fund(s): Fund I Acquired: Dec 2022

Worker Safety & Access Solutions Andrews, SC Revenue: ~$150M Fund(s): Fund II Acquired: Nov 2022

Bicycle Parts & Accessories Distribution Quebec City, QC Revenue: ~CAD $170M Fund(s): Fund II Acquired Sep 2022

Flow Control Distributor Baton Rouge, LA Revenue: ~$500M Fund(s): Fund II Acquired: July 2022

Powersports Aftermarket Mentor, OH Revenue: ~$325M Fund(s): Fund II Acquired: Nov 2021

Precast Concrete Manufacturer Canal Fulton, OH Revenue: ~$125M Fund(s): Fund II Acquired: Nov 2021

Automotive Exterior Trim Oldcastle, ON Revenue: ~$750M Fund(s): Fund I / MOF Acquired: Oct 2021

Garage Door Components Archbold, OH Revenue: ~$250M Fund(s): Fund I Acquired: Sept 2021

Lightweight Auto Technologies & Auto Electrification Valley City, OH Revenue: ~$1.2B Fund(s): Fund I / MOF I Acquired: Nov 2020

Metal Processing & Distribution Carol Stream, IL Revenue: ~$300M Fund(s): Fund I Acquired: Dec 2019 Realized: Nov 2023

Steel Metal Fabricator Hartford, WI Revenue: ~$150M Fund(s): Fund I Acquired: May 2019

Metal Springs Manufacturer Southfield, MI Revenue: ~$110M Fund(s): Fund I Acquired: April 2019 Realized: Sept 2023

Precision Metal Components Elyria, OH Revenue: ~$220M Fund(s): Fund I Acquired: July 2018

*Revenue based on LTM at time of acquisition For NA transaction opportunities, please email

DYANA BAURLEY at dbaurley@middleground.com For EU transaction opportunities, please email

ANTHONY DENAIX at adenaix@middleground.com

AMSTERDAM, NL Gustav Mahlerplein 59 1082 MS Amsterdam

LEXINGTON, KY (HQ)

1500 Aristides Blvd Lexington, KY 40511

NEW YORK, NY

10 Crosby Street, 4th Floor New York, NY 10013

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B U Y- & S E L L-S I D E T R A N S A C T I O N S E RV I C E S

As a result of over 40 years of experience consulting with stakeholders in transaction environments, we are uniquely positioned to successfully advise our clients’ undertaking acquisition or divestiture activities. Our experienced professionals routinely provide expert financial and tax diligence designed to identify and evaluate value propositions in business combinations while minimizing the risk and exposure to our clients. Our approach emphasizes proactive communication, responsiveness and high levels of Partner participation throughout the entire transaction life cycle. We work closely with financial and strategic buyers to provide customized services tailored to identify opportunities and issues within the proposed transaction.

team leaders Christopher D. Fagan Partner and Transaction Advisory Practice Leader Jason Birmingham Partner John Makuch Partner Jonathan Levens Partner Patrick Hutchinson Senior Manager Jon Powell Partner and Cybersecurity Practice Leader

our perspective

We consider ourselves an extension of our clients’ team and provide them with expertise necessary to fully understand the risks and opportunities in the proposed transaction. Accordingly, we strive to be as transparent as possible as we develop our tailored agreed upon services and perform those services to meet our clients’ needs with frequent communications regarding findings, issues and observations throughout the engagement.

our transaction life cycle services

Our client-centered, tailored approach to transaction services is based on experience, expertise and the knowledge that every transaction and every client has unique needs. Pre-Deal Strategy and Assessment • Financial modeling and projections • Transaction and tax structuring • Letter of intent advising Acquisition Target Evaluation • Historical financial statement analysis • Quality of earnings and net assets assessment • Off balance sheet risk assessment • Accounting systems and controls assessment • Management and financial personnel assessment • Tax compliance and exposure assessment • Information technology assessment • Transitional risk assessment • Asset-based borrowing capacity assessment Deal Structure and Execution • Deal structure and negotiation assistance • Purchase agreement review • Purchase price adjustment/settlement analysis • Transitional service agreement review • Transition/Integration planning Post-Transaction Integration • Purchase price settlement assistance • Purchase price allocation assistance • Purchase accounting assistance • Opening balance sheet validation • Transition assistance MooreColson.com

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Morgan Stanley Capital Partners

Overview

How We Partner With Our Companies

• Morgan Stanley Capital Partners (“MSCP”), established in 1985 and based in New York, invests in middle-market companies primarily in North America

• Intensive focus on operational value creation, driven by our multi-pronged use of Operating Partners and on-the-ground “Accelerators” – Operating Partners advise management on the development of the value creation plan and champion successful execution of the plan

• Currently investing capital from North Haven Capital Partners VII, LP (“Fund VII”), with $2 billion of total commitments

Investment Criteria

– “Accelerators” are dedicated resources at our companies, focused on implementing the plan alongside management

• Targeted, sub-sector driven strategy within five “focus” sectors: – Business services, consumer, industrials, healthcare, education

The Morgan Stanley Advantage (2)

• Majority, control investments of the following types: – Partnering with founders and leveraging Morgan Stanley’s resources to institutionalize and expand the business – Represents 13 of our last 23 platform investments and MSCP was recognized as a Top Founder-Friendly Private Equity Firm by Inc. magazine for 4 consecutive years (1) – Private company recapitalizations and buyouts

• We apply the global resources, brand, and capabilities of Morgan Stanley to deliver outsized resources to middle-market companies • Direct access to industry and functional experts within the Morgan Stanley network enables us to provide valuable insights and become what we consider to be the “partner of choice” to founders • We believe brand credibility helps our portfolio companies to i) attract and retain CEOs, board members, and senior executives with world class talent and ii) win new customers

– Industry consolidations and platform roll-ups – Corporate carve-outs • Target size (platforms): – EBITDA: $10 to $60 million / TEV: $150 to $800 million

• Morgan Stanley wealth management advisors provide differentiated add-on investment opportunities to MSCP

Investment Professionals

Aaron Sack

Managing Director, Head of MSCP

James Stewart Managing Director, Consumer

Eric Kanter

Managing Director, Industrials

Max Waterous Vice President

Gian Turco Vice President

Adam Shaw

Managing Director, Business Services

Simon Doherty Vice President

David Thompson

Steve Rodgers Managing Director, Healthcare

Marc Godlis Vice President

Managing Director, Education

Business Development

Geoff Laporte

Head of Business Development

Portfolio Value Creation

James Howland Managing Director

Jill Wight

Managing Director

Patrick Whitehead Executive Director

Sharveen Seebaluck Executive Director

Rohanjit Chaudhry Vice President

(1) Morgan Stanley has paid to be considered for this award. This award is based on the analysis of and information gathered by Inc. Magazine using its own methodologies and criteria. Information regarding such methodologies and criteria is generally not known to Morgan Stanley, and Morgan Stanley has not investigated this award. Other third parties may disagree with the award given to Morgan Stanley, and there is no guarantee that similar rankings or awards will be obtained by Morgan Stanley in the future. Morgan Stanley has paid to be considered for this award. This award is based on the analysis of and information gathered by Inc. Magazine using its own methodologies and criteria. Information regarding such methodologies and criteria is generally not known to Morgan Stanley, and Morgan Stanley has not investigated this award. Other third parties may disagree with the award given to Morgan Stanley, and there is no guarantee that similar rankings or awards will be obtained by Morgan Stanley in the future. (2) Subject to third party confidentiality agreement obligations and information barriers established by Morgan Stanley to manage potential conflicts of interest and applicable allocation policies. This announcement does not constitute and should not be considered an offering of advisory services or a solicitation to buy securities.

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Investment Strategy  Seek to be the preferred partner for entrepreneur- and familyowned companies

High-Value Manufacturing/Commercial & Industrial Services

 Focus on buyouts and recapitalizations in profitable, lower middle market companies with transaction values up to $250 million

80/20

 Pursue strategic platforms in North America and add-on acquisitions globally

Appearance Technology Group

Sector Focus

 Engineer-to-Engineer Interaction  High Cost of Failure  Patented or Proprietary Process  Precision Tolerances  Specified End Use

Representative End Markets  Aerospace & Defense  Energy & Infrastructure  Food & Beverage  Specialty Materials  Test & Measurement

 Process Enabling Technologies  Recurring Revenue Models  Switching Barriers  Branded Virtual Manufacturing Networks  Outsourcing ROI

Representative End Markets Aftermarket Services Building Products Infrastructure Repair Maintenance, Repair & Overhaul Transportation & Distribution

Strategic Platforms

Enterprise Value up to $250 Million

Add-Ons & Build-Outs

Strategic Fit. No Enterprise Value Minimum

Technology Capabilities Enhancement

Manufacturer of paints and finishes for arts, crafts, and home decorating applications

Garmat USA Designer and manufacturer of highly engineered paint booths, finishing solutions, and related accessories for the automotive collision repair and industrial end markets

Designer and manufacturer of premium aluminum fences, gates, railings, and other related outdoor products for residential and commercial applications

Attributes

Geographic Reach

DecoArt

Ideal Aluminum

Commercial & Industrial Services

Market Share Gains/ Cross-Selling

Provider of consumable vehicle detailing and reconditioning products to the professional and do-it-yourself markets

Full-service U.S. dental lab that designs and manufactures a comprehensive line of high-quality dental restorations including crowns, bridges, dentures, and implants

Attributes

    

Designer of modular aluminum T-slotted framing solutions for various applications and end-markets

BonaDent

High-Value Manufacturing

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Portfolio Companies

Product or Services Expansion Cost Reduction Synergies

Inkcups Designer and supplier of direct-to-shape digital printers, pad and tagless printing equipment, parts, service, and consumable supplies

Mid-States Bolt & Screw Value-added distributor of fasteners and MRO products serving a range of industrial end markets

MSHS Provider of products, parts, and maintenance, repair, and overhaul (“MRO”) services for marine, power generation, commercial, and industrial equipment applications

Precision Pipeline Provider of critical repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets

Teel Plastics Technology-driven manufacturer of highly engineered and complex plastic components specializing in plastic extrusion and injection molding

Waterfront Brands Designer and manufacturer of premium watercraft lifts, docks, and related accessories The above consists of MPE’s current portfolio.

A Different Approach For Founder-Owned Businesses newheritagecapital.com

BUILDING SUCCESSFUL PARTNERSHIPS Investing Private Equity in Founder-Led Businesses

The Private IPO® Our innovative deal structure gives more control and more incentive equity to founders. The Private IPO® rewards owners that want to reinvest and grow their businesses.

Liquidity

Significant liquidity for shareholders – diversify net worth and/or cash out inactive shareholders

Control

Rollover shareholders retain board control subject to certain approval rights, liquidity right and protective right

Ownership

Earn up to 50% of common equity value – significantly more incentive equity than a traditional buyout

Flexible Capital We provide creative and flexible capital – investing majority or minority equity in full recapitalizations or growth equity structures.

Where We Invest

Business Services

Private IPO® Example

Healthcare

Economics at Exit*

Manufacturing

Base Case

C O M PA NY SIZ E

$4 - $20+

Million EBITDA for New Platform Companies

67%

50%

33%

50%

25% incentive option pool *

NEW HERITAGE CAPITAL Prudential Tower, 800 Boylston Street, Suite 2200, Boston, MA 02199

Total Debt $55MM

Upside Case

I N V E ST ME NT SIZ E

$15 - $50+ Million Equity Checks

Enterprise Value $100MM

NHC Preferred $15MM NHC Common $15MM Owner Common $15MM

Common equity ownership at exit after repayment of debt and NHC preferred.

P 617.439.0688 F 617.439.0689 newheritagecapital.com

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Northcreek Mezzanine is a Cincinnati, OH based SBIC formed primarily to originate mezzanine debt and equity investments for dynamic lower middle-market companies across a wide variety of industries.

Investment Strategy and Philosophy Northcreek is currently investing out of Fund III, our $195 million 2019 vintage-year fund. Our investment strategy focuses on originating and making mezzanine debt and equity investments in both sponsored and non-sponsored lower middle-market companies across the U.S. Northcreek is a proven and reliable financial partner having invested in 80+ companies since its founding in 2010. Northcreek is fully committed to partnering with financial sponsors, independent sponsors, search fund sponsors and directly with private companies to provide highly customized financial solutions. Northcreek professionals have deep expertise in the credit markets having invested in hundreds of lower middle market companies throughout their careers providing senior, mezzanine debt and equity. Our strength lies in the experience of our investment team and our flexibility to provide highly customized financial solutions. Our competitive edge is our track record of working closely with our partners to execute and close transactions quickly and efficiently and our reputation for being quick to action, fair, thoughtful, interested, and patient throughout the underwriting and investment period.

Investment Criteria Generally, non-control mezzanine debt and equity co-investments in the United States that fit the following parameters: • • • • •

Revenue: At least $5.0 Million EBITDA: At least $1.0 Million Industries: No industry focus or bias Investment Size: $1.0 - $12.0 Million (Avg. $6.7MM) Time to Maturity: 3 – 5 Years

• Purpose: Acquisitions, Growth, Recapitalizations, Refinancings, Market/Product Expansion • Company Characteristics: Strong management, diversified revenues, history of profitability, acquisition or organic growth opportunities

Investment Professionals

Rodger Davis Managing Director C: 513-520-4930 rdavis@northcreekmezzanine.com

Barry Peterson Managing Director C: 513-703-1551 bpeterson@northcreekmezzanine.com

Adam Gates Partner C: 513-225-1430 agates@northcreekmezzanine.com

Tom Baker Vice President C: 513-403-9995 tbaker@northcreekmezzanine.com

Ken Mai Vice President Finance C: 513-518-1186 kmai@northcreekmezzanine.com

Brian Baird Vice President C: 513-218-6880 bbaird@northcreekmezzanine.com

Nic Ruscello Senior Associate C: 937-902-5732 nruscello@northcreekmezzanine.com

Prachi Lulla Analyst C: 804-709-9159 plulla@northcreekmezzanine.com

7755 Montgomery Road, Suite 310 ∙ Cincinnati, Ohio 45236

Main (513) 403-9995 ∙ Fax (513) 985-6603 ∙ www.northcreekmezzanine.com

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Nperspective CFO & Strategic Services | Private Company Profile General Information

This profile is not actively tracked

Description Provider of Chief Financial Officer and strategic services intended to add value by improving strategic and financial performance. The company offers a wide range of services including financial reporting and leadership, financing resources, cash flow management, business and strategic planning, mergers and acquisitions, government and defense contracting, and more, thereby helping clients uncover their financial blind spots and deliver a growth plan. Website

www.nperspective.com

Year Founded

2005

Entity Type

Private Company

Universe

Other Private Companies

Also Known As

Nperspective CFO

Employees

Legal Name

Nperspective CFO & Strategic Services, LLC

Business Status

Generating Revenue

Ownership Status

Privately Held (no backing)

Financing Status

Partnership

Contact Information Primary Contact

Primary Office

C. Russell Slappey

941 West Morse Boulevard

CEO

Suite 100

rslappey@nperspective.com

Winter Park, FL 32789

Phone: +1 (407) 448-1781

United States Phone: +1 (407) 679-6700 customerservice@nperspective.com

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o15 CAPITAL PARTNERS

Investors in Emerging America

OVERVIEW o15 Capital Partners is a provider of private growth capital to lower middle market companies led by and serving underrepresented entrepreneurs and communities in the Healthcare, Business Services, and Education industries. Emerging America Credit Opportunities (EACO) Fund I Emerging America Credit Opportunities (EACO) Fund I is a $300 million vehicle to invest opportunistically in private credit and equity tranches of companies in the US.

VALUE PROPOSITION

INVESTMENT CRITERIA COVENANTS  Tailored to the Company's Business Needs

INVESTMENT SIZE  $10 – $40 million

INDUSTRY SECTORS  Healthcare, Education, and Business Services

Value Added Partner

Deep industry expertise to benefit the execution of transactions throughout the life of the investment. Focus is on building long-term relationships with private equity sponsors and management teams.

OWNERSHIP  Sponsor, Non-sponsor Ownership

Speed and Creativity

o15 ROLE  Agent, Co-Agent, or Club Participant

EBITDA  $3 - $15 million

Unitranche

Second Lien

Mezzanine/ Sub-Debt

Structured Equity

One-stop capital provider with the ability to invest in various tranches and direct lending in the lower middle market via debt and equity to serve as a true partner to our borrowers.

Equity CoInvest

o15 Key Differentiators

INVESTMENT TYPES LBO/MBO

Special Situations

Flexible Capital

INVESTMENT STRUCTURES First Lien

Investment Committee representation on every deal team allows us to get up to speed quickly and provide more thoughtful structures on new transactions.

IMPACT CRITERIA  Diverse-Led, Low and Moderate Income Regions, Customer/Patient Base, Diverse Supply Chain Partners

AMORTIZATION  Flexible Solutions Catered to the Company's Business Plan

Growth Capital

Buy & Build Platforms

Add-on

Impact-focused, flexible, creative capital solutions, market-friendly terms, lean, experienced investment team, early involvement from investment committee, alignment with Sponsor through meaningful equity co-invest.

Recapitalizations/ Refinancing

Colin Meadows

Kenneth Saffold*

Brian Morris

Managing Partner colin@o15.com

Managing Partner kenneth@o15.com

Chief Investment Officer brian@o15.com

Javier Davila Principal javier@o15.com

Seth Boyles Vice President seth@o15.com

*Kenneth Saffold for new deal opportunities

756 W Peachtree St NW, Suite 700, Atlanta, GA 30308

163

Website: www.o15.com

Over view

Where We Invest

Osceola Capital Management is a Tampa-based private equity firm that invests in lower middle market services companies. Our strategy is to partner with exceptional management teams and drive longterm value creation through a combination of strategic acquisitions, internal growth initiatives, and operational improvements. We offer a unique blend of operations and transaction experience to help support our management teams – principals of Osceola have served in C-suite positions of businesses they have founded, grown, and ultimately sold to private equity funds, and we have completed over 150 acquisitions as both private equity investors and operators. Osceola was founded in 2014 and has approximately $400 million in assets under management. Osceola is currently investing out of Fund II (a $200M fund) and is still actively supporting add-on acquisitions for platforms out of Fund I (a 2018-vintage $125M fund). Since launching our first institutional fund in 2018, Osceola has completed 10 platform investments and over 90 add-on acquisitions.

PROFESSIONAL SERVICES

FACILIT Y SERVICES

Business and Industry Attributes

OUTSOURCED HEALTHCARE SERVICES

• • • • •

TECH-ENABLED SERVICES

Unique value proposition and sustainable competitive advantages Strong and experienced management teams Recurring revenue base with limited concentration Strong margins and high free cash flow generation Industry structures supportive of buy-and-build strategy

Platform Investment Financial Criteria $ 5 - 7 5M

$ 2 - 1 0M

1 0+

9 0+

Revenue

EBITDA

Total Platforms

Total Add-ons

Investment Sourcing and Business Development Contacts Our team of investment professionals, with decades of both private equity and C-suite operations experience, is actively looking for new opportunities to invest in lower middle market companies with significant growth potential

Deal Oppor tunities & Por tfolio Inquiries

General Fund & IR Inquiries

BEN MOE

PATRICK WATKINS

MILES BAKKER

KURT SCHWAB

WILL NEWBRANDER

Managing Partner bmoe@osceola.com 813.492.5630

Par t ner pwatkins@osceola.com 813.492.5633

Vice President mbakker@osceola.com 813.492.5632

Vice President kschwab@osceola.com 813.492.5635

Par t ner & C F O wnewbrander@osceola.com 813.492.5634

OSCEOLA CAPITAL MANAGEMENT | 4030 W. BOY SCOUT BLVD, SUITE 915 TAMPA, FL 33607 | OSCEOLA.COM

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P2 Corporate Finance, LLC Investment Banking

What sets us apart?

INNOVATIVE THINKING ENTREPRENEURIAL CULTURE EXCELLENT CLIENT SERVICE

Overview

P2 Corporate Finance, LLC is an independent investment bank and registered FINRA broker dealer based in Atlanta. The firm provides strategic, capital raise, and mergers and acquisitions (M&A) advisory services to public, private, and early stage/growth firms in the following industries:  Utilities, Power, Renewables & Energy Infrastructure  Healthcare  Industrials/ Diversified  Technology: o Power & Energy, Clean-Tech o FinTech, Digital Assets-Blockchain o SaaS P2 Corporate Finance, LLC, member FINRA and SIPC.

165

Transaction Parameters

Public and Private Company Types Up to

$50mm EBITDA

Up to

$500mm Equity Value

(770) 608-7740 inquiries@p2ibank.com www.p2ibank.com

Palladium Equity Partners | PE/Buyout Profile General Information Description Founded in 1997, Palladium Equity Partners is a private equity investment firm based in New York, New York. The firm seeks to invest in the lower middle-market companies operating in the consumer, services, industrials, and healthcare sectors. Website

www.palladiumequity.com

Total Investments

228†

Entity Types

PE/Buyout

Active Portfolio

Also Known As

Palladium, Palladium Equity; Palladium Heritage

Investments (TTM)

12†

Exits

Med. Round Amount

$75.00M

Med. Valuation

$96.00M

# of Professionals

Trade Association

Principles for Responsible Investment (PRI)

Legal Name

Palladium Equity Partners, LLC

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Investor Status

Actively Seeking New Investments

Year Founded

1997

AUM

$3.00B

Dry Powder

$555.85M

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Meahgan Martin

1270 Avenue of the Americas

Director of Business Development

31st Floor

mogrady@palladiumequity.com

New York, NY 10020

Phone: +1 (212) 593-1800

United States Phone: +1 (212) 218-5150 Fax: +1 (212) 218-5155 palladium@palladiumequity.com

Investment Preferences Preferred Investment Amount[s]

$10M - $150M

Preferred EBITDA

$3M - $75M

Preferred Industries Beverages, Commercial Products, Commercial Transportation, Consumer Durables, Environmental Services (B2B), Financial Services, Food Products, Healthcare, Information Technology, Logistics, Other Services (B2C Non-Financial), Restaurants, Hotels and Leisure, Retail, Transportation Geographical Preferences United States Preferred Deal Types Buyout/LBO, Corporate Divestiture, Management Buyout, Mezzanine, PE Growth/Expansion, Recapitalization Preferred Verticals HealthTech, Industrials, Infrastructure Other Investment Preferences Long-Term Investor, Prefers majority stake, Will syndicate

166

PCE Investment Bankers | Investment Bank Profile General Information Description Established in 1997 and based in Orlando, Florida, with operations across the country, PCE is a financial advisory firm specializing in midmarket companies. The firm offers a range of services, including mergers and acquisitions, employee stock ownership plans (ESOP), valuation services, management buyouts, as well as fairness and solvency opinions. PCE serves a diverse array of industries, including consumer goods, infrastructure, healthcare, construction, building products, manufacturing, and food.

Website

www.pcecompanies.com

Year Founded

1997

Entity Type

Investment Bank

Employees

Also Known As

PCE

Service Breakdown

Serviced Companies: 288 Serviced Deals: 491

Legal Name

PCE Investment Bankers, Inc.

Service Provider Types

M&A | ESOP | Valuation | Advisory

Contact Information Primary Contact Michael Poole Shareholder mpoole@pcecompanies.com Phone: 407-621-2112

Primary Office 200 East New England Avenue , Suite 400 Winter Park, FL 32789 United States Phone: +1 (407) 621-2100 info@pcecompanies.com

Secondary Contact Kyle Wishing Director kwishing@pcecompanies.com Phone: 404-994-4186

Preferences

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Enterprise Value $30.00M - $500.00M

Transaction Amount: $30.00M - $500.00M

Preferred Industries Aerospace, Defense and Government Building Products & Construction Business Services Consumer & Retail Diversified Industrials Financial Institutions Group Food & Agriculture Healthcare Power & Energy Tech, Media & Telecom Transportation & Logistics

Preferred Deal Types M&A, Sell-side M&A, Buy-side Management Buyouts Capital Raise ESOP Formations ESOP Feasibility Studies ESOP Advisory Financial Reporting Tax Planning Complex Financial Instruments Fairness & Solvency Opinions

Geographical Preferences United States, Europe Offices located in: Atlanta Chicago Denver New York Orlando

Preferred Verticals Agtech Construction technology Digital health Industrials Infrastructure Life sciences Manufacturing Software as a service Supply chain technology

DIRECT LENDING PGIM Private Capital is one of the largest global private capital providers, investing in private debt and mezzanine for nearly 100 years. We manage a portfolio of $98.0 billion across more than 1,200 portfolio company relationships, and have provided more than $9.2 billion in direct lending loans since 2000 (as of 6/30/23). DIFFERENTIATED APPROACH § Sponsored or nonsponsored transactions § Patient capital with a relationship-based approach § Cross-border financing experience with local market knowledge § Committed capital through market cycles

*As of 6/30/23 **The Mexico City office operates through PGIM Real Estate Mexico S.C., while the Sydney office operates through PGIM (Australia) Pty Ltd.

KEY FEATURES OF DIRECT LENDING CAPITAL LOAN PROFILE § Focus on first lien senior secured floatingrate loans

BROAD USE OF CAPITAL § Recapitalization / dividend recapitalization

FLEXIBILITY AND SCALE § Target holds of $20$150+ million

§ Second lien available with true collateral coverage

§ Growth / acquisition financing

§ Multi-currency funding available

§ Shareholder buyout

§ Patient capital with relationship-based approach

§ Revolver and accordion / delayed draw facilities

§ Generational transfers § Non-Sponsored MBOs

§ 4 – 6 year maturities

§ Sponsored LBOs

§ Flexible amortization

§ Cross-border financings

§ Can provide and pair with subordinated debt or structured equity

BUSINESS PROFILE § Minimum EBITDA of $10 million

§ Generalist sector approach; focus on business services, consumer products and services, distribution and logistics, food and beverage, packaging, chemicals and niche manufacturing § Businesses located in North America, Europe, Latin America, and Australia/ New Zealand

F or m or e in f or m at ion r egar d in g Dir ect L en d in g, con t act : Matt Harvey Head of Direct Lending +1 (312) 565-6253 matthew.harvey@pgim.com

PJ LaFemina West +1 (702) 812-9168 pj.lafemina@pgim.com

Sarah Bittner Midwest +1 (312) 228-6536 sarah.bittner@pgim.com

Chris Halloran South / Southeast +1 (214) 720-6235 chris.halloran@pgim.com

David Thompson Northeast +1 (212) 626-2053 david.thompson@pgim.com

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plantemoran.com/privateequity

Your vision. Our expertise. Innovative private equity firms rely on us. Plante Moran is among the nation’s largest accounting, tax, and business consulting firms with over 3,800 professionals in 23 offices throughout the United States and abroad. Serving more than 1,900 private equity firms and portfolio clients nationwide, we provide transaction, tax, audit, finance and accounting outsourcing, strategy, operations, and technology services across the industries and throughout the investment life cycle. We delivers flexible solutions based on your firm’s distinct needs, which includes helping strategically evaluate and efficiently close transactions.

Lesley McCarthy

Felicia Donaldson

Evan Honour

Dan Kapala

Ryan Behringer

Adam Whitson

Partner | Transaction advisory services lesley.mccarthy@plantemoran.com

Partner | Valuation dan.kapala@plantemoran.com

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Partner | Risk & accounting advisory services felicia.donaldson@plantemoran.com

Principal | Audit ryan.behringer@plantemoran.com

Principal | Technology consulting evan.honour@plantemoran.com

Partner | Assurance adam.whitson@plantemoran.com

PNC Financial Services Group

PN C Bu sin ess Cr ed it, a senior debt lending division of PNC Bank, N.A. and a member of The PNC Financial Services Group, Inc., offers a broad range of customizable solutions to help clients capitalize on opportunities for growth and transformation. We offer financing for deals ranging from $10 million to $1+ billion. Our flexible capital solutions include senior secured and specialty financing across a wide range of industries and geographies throughout the U.S., Canada, the UK and Europe, including: • • • • • •

Traditional Asset-Based Revolvers & Term Loans Leveraged Cash Flow Term Loans First Out Cash Flow Revolvers & Term Loans Receivables Securitizations Specialty Financing for Technology Companies Working Capital Solutions for the IT Channel

In addition to our wide range of financing solutions, PNC Business Credit clients have access to the full range of strategic advisory and transaction services, sponsor solutions and fund finance, treasury management products and services, access to capital markets, institutional asset management and private banking services through The PNC Financial Services Group. PNC Business Credit has closed 800+ deals in the last 5 years with $60+ billion in commitments under management. When you need a true financial ally to support acquisitions, recapitalizations, expansion and business transformation, our industry-leading professionals provide comprehensive coverage and more than 27 years of consistent industry leadership. Our clients count on PNC Business Credit’s experience to get the deal done. Private equity groups, middle market companies and publicly traded corporations recognize that PNC Business Credit delivers results and confidence of execution.

Virginia Kiseljack

Ben Colley

Joe Shylock

(404) 877-5835 (O) (404) 202-6556 (M) virginia.kiseljack@pnc.com

(412) 762-3791 (O) (770) 365-9493 (M) benjamin.colley@pnc.com

(704) 551-8516 (O) (814) 577-3302 (M) joseph.shylock@pnc.com

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YOUR CULTURE. OUR SUPPORT. A SHARED VISION. COMPANY BACKGROUND Riverarch is a middle-market private equity firm that invests in privately held companies. The firm seeks high-quality businesses where it can invest $25 million to $100 million of equity capital to support recapitalizations, leveraged buyouts, corporate divestitures and growth financings. Riverarch is a private equity affiliate of The PNC Financial Services Group, Inc. and is currently investing from PNC Riverarch IV, a $1 billion private equity partnership.

INVESTMENT PROFILE

SELECT INVESTMENTS BY SECTOR

Investment Parameters

Value-Added Distribution

• EBITDA: $5M–$30M • No minimums for add-on acquisitions

Transaction Types • Leveraged and management buyouts • Recapitalizations (majority and minority)

Food & Beverage

• Corporate divestitures • Growth capital investments

Investment Criteria • Meaningful, competitive position in a well-defined market • Clear customer value proposition • Realizable growth opportunities and potential for value creation

Business & Consumer Services

• Strong financial performance evidencing attractive market position

Competitive Differentiators • History of supporting accelerated growth and value creation at our portfolio companies

Specialized Manufacturing

• Partnership-focused approach, centered on empowering management to run their business • Strong investment track record, with attractive outcomes for management

$1B

RIVERARCH PERFORMANCE HIGHLIGHTS

$1.1B+ invested

3.5x MOIC

100+

platform acquisitions

add-on acquisitions

$280M+

$3B+

in management incentive proceeds

of total acquisitions

$650M $250M

FUND I

2011

THREE PNC PLAZA, 225 FIFTH AVENUE, 9TH FLOOR, PITTSBURGH, PA 15222

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$400M

FUND II

2015

FUND III

2019

FUND IV

2023

WWW.PNCRIVERARCH.COM

PNFP Capital Markets, Inc. General Information Description Founded in 2015, PNFP Capital Markets, Inc., a subsidiary of Pinnacle Financial Partners (NAS: PNFP), is an investment banking firm headquartered in Nashville, Tennessee. The firm provides advisory services for mergers and acquisitions, capital raises and other strategic alternatives. PNFP Capital Markets covers a range of industries, including but not limited to business and consumer services, distribution, industrial, manufacturing, retail and wholesale.

Website

www.pnfp.com

Year Founded

2015

Entity Types

Investment Bank

Employees

Also Known As

PNFP Capital Markets

Service Breakdown

Not Reported

Legal Name

PNFP Capital Markets, Inc.

Service Provider Type

Investment Bank

Contact Information Primary Contact

Primary Office

Tyler Morgan

150 Third Avenue South

Managing Director

Suite 900

Tyler.Morgan@PNFP.com

Nashville, TN 37201

Phone: +1 (615) 743-8333

United States Phone: +1 (615) 743-8333

Preferences Preferred Industries

Geographical Preference

Preferred Deal Types

Business Products and Services (B2B), Consumer Products and Services (B2C), Distribution, Industrial, Manufacturing, Retail, Wholesale

United States

Add-on, Buyout/LBO, Merger/Acquisition, Recapitalization

Securities offered through PNFP Capital Markets, Inc., Member FINRA / SIPC, are not deposits, not insured by FDIC or any other Government Agency, not guaranteed by Pinnacle Bank, and subject to risk and loss of value. Broker information available at https://brokercheck.finra.org.

172

Porter, White & Company | Investment Bank Profile General Information Description Founded in 1975, Porter, White & Company is a boutique investment banking and investment management firm based in Birmingham, Alabama. The firm provides generalist investment banking services and supports and advises clients with specific expertise in the areas of mergers and acquisitions, valuation, capital advisory, capital raising, investment consulting, project finance, and municipal advisory. PW&Co's focused industries include manufacturing, business services, agri-business, and public finance. Website

www.pwco.com

Year Founded

1975

Entity Type

Investment Bank

Employees

Also Known As

PW&Co

Formerly Known As

Porter, White & Yardley, Porter, White & Yardley, Inc., White & Company

Legal Name

Porter White & Company, Inc.

Service Provider Types

Investment Bank (Primary Type) Financing Advisory Valuation Firm

Contact Information Primary Contact

Primary Office

Michael Stone

15 Richard Arrington Junior Blvd. North

Managing Director

Fourth floor, Steiner Building

michael@pwco.com

Birmingham, AL 35203

Phone: +1 (205) 458-9137

United States Phone: +1 (205) 252-3681 info@pwco.com

Preferences

Preferred Industries

Geographical Preference

Preferred Deal Types

Preferred Verticals

Industrials, Manufacturing, Business Services, AgriBusiness, Healthcare

United States

Merger/Acquisition, Debt General, Mezzanine, Senior Debt, Subordinated Debt, Early Stage VC, Later Stage VC

Manufacturing, Industrials, Healthcare, Financial Services

173

PwC | Accounting/Auditor Profile General Information Description At PwC, our purpose is to build trust in society and solve important problems. PwC is a network of professional services firms in 152 countries with over 327,000 people who are committed to delivering quality advisory, assurance, and tax services to clients across various industries. Bookkeeping Connect, a PwC product, brings the power and value of PwC CPAs and their global firm’s accounting expertise packaged in a licensable offering that is automated for small and medium sized businesses, private companies, law firms, family offices, and nonprofits. Website

bookkeepingconnect.pwc.com

Legal Name

PricewaterhouseCoopers LLP

Employees

327,000

Contact Information Primary Contact

Primary Office

Michael Castro

300 Madison Avenue

Partner

New York, New York 10017

michael.e.castro@pwc.com

United States

Contact

Phone: +1 (646) 471 4000 info@pwc.com

Michael Lister Director michael.w.lister@pwc.com Contact Brett Wherry Director brett.wherry@pwc.com

174

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175

COMPANY OVERVIEW INVESTMENT TEAM Sarah Girgis Motycka, MBA Founding Partner sarah@restonequitygroup.com

STRATEGIC OBJECTIVES Expand Our Infrastructure Services: We will acquire additional infrastructure services across commercial and industrial sectors and integrate them into our existing portfolio. This strategic move aims to enrich and expand our existing residential offerings while introducing new commercial services within the Reston umbrella, ensuring a cohesive and integrated platform for our clients. As part of our broader vision, we plan to first enhance and expand our current platform and then strategically replicate this successful model in different geographic regions.

Kyle Motycka Founding Partner kyle@restonequitygroup.com Daniel Logsdon, MD Founding Partner dan@restonequitygroup.com Aaron Funk, PhD Principal aaron@restonequitygroup.com Leslie Apseloff, CPA, CFE Vice President leslie@restonequitygroup.com

Diversify Across Sectors: We are actively pursuing acquisitions in other promising sectors, with a special focus on scientific instrumentation. Leveraging our internal expertise in this field, our objective is to elevate the industry by identifying and addressing areas ready for improvement and modernization. Despite already favorable profit margins, we have strategically identified several avenues to optimize business practices. Recent discussions with investors have highlighted a shared enthusiasm for this diversification, reinforcing our commitment to innovation in the scientific instrumentation field.

OPERATIONAL SNAPSHOT Our current portfolio offers comprehensive residential infrastructure services, ensuring customers can fulfill their home building and remodeling needs seamlessly within the Reston umbrella.

END-TO-END RESIDENTIAL INFRASTRUCTURE SERVICES

Excavation and Site Prep

Custom Homebuilding and Remodeling

Electrical Services

Swimming Pools and Spas

Lawn and Landscaping Services

Hardscaping and Flatwork

OUR PORTFOLIO

176

Ridgemont Equity Partners | PE/Buyout Profile General Information Description Ridgemont Equity Partners is a Charlotte-based middle market private equity firm that has provided buyout and growth capital to industry-leading companies in the business and tech-enabled services, industrial growth, and healthcare sectors for three decades. The principals of Ridgemont have refined a proven, industry-focused model designed to build distinctive middle market companies. Website

www.ridgemontep.com

Total Investments

405†

Entity Types

PE/Buyout

Active Portfolio

Also Known As

Ridgemont

Formerly Known As

Banc of America Capital Investors

Legal Name

Ridgemont Partners Management, LLC

Spun Out Of

Bank of America

Investor Types

PE/Buyout (Primary Type) Growth/Expansion Infrastructure

# of Professionals

Investor Status

Actively Seeking New Investments

Year Founded

1993

AUM

~$9.00B

Dry Powder

$2.35B

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Kelly Lineberger

101 South Tryon Street

Partner

Suite 3400

klineberger@ridgemontep.com

Charlotte, NC 28280

Phone: +1 (704) 944-0935

United States Phone: +1 (704) 944-0914 Fax: +1 (704) 944-0973

Investment Preferences Preferred Investment Amount[s]

$100M - $300M

Preferred Company Valuation[s]

$100M - $1B

Preferred EBITDA

$10M - $75M

Preferred Industries Transportation, Utilities, Energy Services, Healthcare Services, IT Services, Other Healthcare, Pharmaceuticals, Business Services (Non-Financial), Software Geographical Preference North America Preferred Deal Types Add-on, Buyout/LBO, Corporate Divestiture, PE Growth/Expansion Preferred Verticals 3PL, B2B Food, Specialty Distribution, Facility & Home Services, CleanTech, EdTech, HealthTech, Infrastructure, SaaS, Supply Chain Tech, Pharma Services Other Investment Preferences Prefers majority stake but can take minority stake Infrastructure Asset Preferences Renewable Energy, Social Services, Telecommunications

177

River Associates is a time tested private equity partner for management teams of niche lower middle-market companies in the United States and Canada.

OUR PHILOSOPHY Founded in 1989, River Associates has built a reputation for integrity and acumen with all our constituencies, including limited partners, investment referral sources, senior & mezzanine debt partners, and portfolio company management teams. Our “Investments with Management” philosophy effectively captures the spirit of partnership, respect, and trust which guides our actions in all aspects of business.

WHO WE ARE INVESTMENT HISTORY 116 investments and 95 realizations over the past 34 years

STRONG REPUTATION Over a quarter century building relationships and references

EXCLUSIVE FOCUS A limited number of niche LMM opportunities are undertaken annually

SENIOR-LEVEL ATTENTION Five partners with 130+ years of combined tenure at River

VALUE CREATION Transform entrepreneurial businesses into larger sophisticated platforms

CAPITAL ACCESS River VIII, LP has $345 million in committed capital

CURRENT INVESTMENTS

INVESTMENT CRITERIA INDUSTRIES Manufacturing, Distribution, Industrial Services, Business Services Contact: Mark Jones Partner

$3 - $12 MILLION EBITDA for platform companies; smaller add-on acquisitions

PREFERENCE FOR Management led buyout and family succession transaction

P: 423.755.0888 mjones@riverassociates.com www.riverassociates.com

GEOGRAPHIC FOCUS United States and Canada

633 Chestnut Street Suite 1640 Chattanooga, TN 37450

178

Transaction Services With experience gained from thousands of transactions, our teams provide insightful analysis, thorough plans, and impactful execution before, during, and after the deal closes. Riveron delivers solutions throughout the transaction lifecycle, allowing us to partner at a much deeper level to maximize long-term value. B uy - si d e Due Di l i g e n ce

Se l l - si d e Due Di l i g e n ce

We evaluate the quality of earnings and cash flows of the target, and assess the key value drivers and risk factors essential to making an informed investment decision

We prepare reliable financial reporting, organize and manage data, present rolling historical and pro forma results, forecast financial information, and strategically position deal priorities

Op e rati on a l Due Di l i g e n ce

Tra n sa cti on Ta x

We assess operational capabilities, risks, and value drivers to identify improvement opportunities that helps maximize the return on investment

Our blend of federal, state, local , and international tax experience allows our teams to identify tax savings, mitigate transaction exposure, and provide crucial understanding of the tax implications associated with a deal

Le n d e r Se r v i ce s

I nte g rati on Se r v i ce s

Riveron performs due diligence, field exam services, and forecast reviews to highlight the risks and opportunities associated with the target company

Our strategy focuses on people, processes, and technology to provide organizations with shortterm achievements while laying the foundation for long-term value

Op e n i n g B a l a n ce Sh e e t & Fi n a n cial Re p orti n g

Di stre sse d Tra n sa cti on Se r v i ce s

We simplify the complex, resolve key transactional accounting issues, and establish a sustainable, goforward reporting environment

By focusing on partnership, accuracy, and speed, our cross-functional teams enable a successful sales process in the most complex situations

\ Riveron at-a-glance 12

700+

350+

Offices Nationwide

Advisory Experts

PE Firms Served

WHY RIVERON - FLEXIBLE + RESPONSIVE - STRTEGIC + TACTICAL - SCALABLE + ADAPTIVE - TRANSFORMATIVE + ACCOUNTABLE

Finance | Accounting | Operations | Tax | Technology RIVERON.COM

179

rockwoodequity.com

Rockwood is an operationally-oriented private equity firm that has been partnering with entrepreneur or family-owned businesses and corporate divestitures in the lower middle market for more than 20 years. Rockwood takes a values-based approach to investing. We strive to do the right thing. Always. We bring the knowledge of our Rockwood River Guide® network and time-tested Rockwood Business Systems to build extraordinary companies with entrepreneurial cultures.

Investment Criteria

Ownership Structure

Target Company Size

Geography

$10-$75 million in revenue

Family/entrepreneur-owned

Platforms: North America HQ

$2-$7 million of EBITDA

Corporate carve‑outs

Add-ons: Any location worldwide

Add-ons of any size

Transaction Types

Focus Sectors & Themes

Family/entrepreneur-owned

Management buy-outs or buy-ins

Regulated Industries

Industrials

Recapitalizations or buyouts

Succession planning partnerships

Aerospace & Defense

Specialized B2B

Corporate carve‑outs or divestitures

Flexible Capital Solutions

Healthcare

Investment Expertise and Focus by Sector Industrials

Industrials

Healthcare

Specialized B2B

NG Companies

Dynamic Facility Services

Clean Water Environmental Services

Lifeway Mobility

Superior Office Solutions

Initial investment: 2023 HQ: Longmont, CO Provider of underground damage prevention solutions, such as hydrovac and utility locating services, to infrastructure, utility, telecom, and transportation markets

Initial investment: 2022 HQ: Cleveland, OH Provider of repair & replacement services for commercial doors, dock equipment, gates, & access control systems

HQ: Hartford, CT

HQ: New York, NY Initial investment: 2019 Office equipment and services dealer and provider of related branded products

Initial investment: 2021 HQ: Denver, CO Stormwater management and soil erosion control environmental solutions provider

Provider of home accessibility and safety solutions, including wheelchair ramps and stair lifts, for people with mobility challenges or who wish to age-in-place

Seeking add-ons

Kate Faust | Partner-Business Development (216) 278-7070 | kfaust@rockwoodequity.com

180

Rosenthal & Rosenthal (www.rosenthalinc.com) is the leading factoring (international, recourse & non-recourse), asset-based lending, purchase order financing, and DTC inventory financing firm in the United States. With over 85+ years of generational family leadership and experience, Rosenthal is now led by the third generation of the Rosenthal family. Loan size ranges from $500,000 to $30MM+, serving small to middle-market clients. As a privately held company, Rosenthal is committed to providing personalized service and flexible lending to clients across a broad range of industries. With offices in New York, California, Georgia, North Carolina, Colorado and Illinois, Rosenthal’s team of nearly 210 commercial finance professionals covers the U.S. from coast to coast and nearly everywhere in between. Rosenthal is a friendly participant with banks, investment banks, hedge funds, private equity firms, law firms, accounting firms, BDC’s, turnaround firms and other alternative lenders. We provide our clients with non-dilutive working capital lines of credit to support investments at any stage as they scale. With unmatched financial capacity and decades of experience, Rosenthal remains best in class for all our clients’ creative financing needs. Our Southeast Team Recourse Factoring Leigh Lones - SVP, Director of Recourse Factoring llones@rosenthalinc.com Asset-Based Lending Gene Walsh - SVP, Business Development ewalsh@rosenthalinc.com Non-Recourse Factoring Brian Resutek - SVP, Business Development bresutek@rosenthalinc.com Purchase Order Financing Megan Slovak - SVP, Underwriting Manager mslovak@rosenthalinc.com Visit The Difference @ https://www.rosenthalinc.com/

181

Route 2 Capital Partners | Investor Profile General Information Description Founded in 2017, Route 2 Capital Partners is a mezzanine investment firm headquartered in Greenville, South Carolina. The firm provides debt and equity to companies operating in the lower middle market across the Southern United States Website

route2capital.com

Entity Types

Investor Mezzanine

Also Known As

R2CP

Legal Name

Route 2 Capital Partners SBIC, L.P.

Investor Types

Mezzanine (Primary Type) Growth/Expansion PE/Buyout SBIC

Investor Status

Actively Seeking New Investments

Year Founded

2017

AUM

$400M

Dry Powder

$250M

Total Investments

24†

Active Portfolio

Investments (TTM)

Exits

# of Professionals

Trade Association

National Association of Small Business Investment Companies (NASBIC)

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Patrick Weston

110 East Court Street

Co-Founder & Managing Partner

Suite 501

pweston@route2capital.com

Greenville, SC 29601

Phone: +1 (864) 484-9371

United States Phone: +1 (864) 484-9370 info@route2capital.com

Investment Preferences Preferred Investment Amount[s]

$3M - $20M

Preferred EBITDA

$2M

Preferred Industries

Geographical Preference

Preferred Deal Types

Preferred Vertical

Other Investment Preferences

Commercial Services, Distributors/Wholesale, Healthcare

South

Acquisition Financing, Buyout/LBO, Mezzanine, PE Growth/Expansion, Recapitalization

Manufacturing

Prefers majority stake, Will lead on a deal

182

RSM US | Accounting/Auditor Profile General Information Description Maximizing Value for Private Equity. Today’s business landscape is increasingly sophisticated and unpredictable; now more than ever, creating augmented value through M&A transactions is paramount. RSM’s M&A360TM framework is execution-driven and centered on delivering measurable enterprise value by applying proven methodologies, industry knowledge and complete deal capabilities. RSM takes into consideration each unique transaction structure—carve-outs, add-ons and platform acquisitions—and leverages technology, innovative approaches, and data-driven insights to assist clients in achieving their priorities. RSM is the leading global provider of audit, tax and consulting services to the middle market and understands the needs unique needs of private equity firms and their portfolio companies. Whether your needs involve portfolio and fund-level management, transaction advisory, fundraising or exit strategies, RSM professionals can help create value throughout the private equity lifecycle. Experience the power of being understood, experience RSM. RSM US LLP is the leading provider of audit, tax and consulting services focused on the middle market, with more than 16,000 people in 92 offices nationwide. It is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries. RSM uses its deep understanding of the needs and aspirations of clients to help them succeed. Private equity firms investing in the middle market turn to RSM because of their deep experience serving midsized companies and an industry specialization that aligns with many firms’ portfolios.

Website

www.rsmus.com

Year Founded

1926

Entity Types

Accounting/Auditor Private Company Acquirer

Employees

16,612

Also Known As

RSM

Formerly Known As

McGladrey, McGladrey & Pullen, RSM McGladrey

Legal Name

RSM US LLP

Service Provider Types

Accounting/Auditor (Primary Type) Financing Advisory Management Consultants

Contact Information Local Primary Contact Beth Turner Partner beth.turner@rsmus.com Phone: +1 (470) 283-6754

Local Office One Atlantic Center, 1201 W Peachtree St NW #800, Atlanta, GA 30309 Phone: (404) 751-9100

Preferences Preferred Industries Accounting, Audit and Tax Services (B2B), Alternative Energy Equipment, Apparel and Accessories, Aquaculture, Automotive, Beverages, BPO/Outsource Services, Broadcasting, Radio and Television, Building Products, Buildings and Property, Capital Markets/Institutions, Casinos and Gaming, Commercial Banks, Connectivity Products, Construction and Engineering, Consulting Services (B2B), Consumer Durables, Consumer Finance, Cultivation, Decision/Risk Analysis, Department Stores, Diagnostic Equipment, Distributors/Wholesale, Distributors/Wholesale (B2C), Education and Training Services (B2B), Electrical Equipment, Electronic Components, Electronic Equipment and Instruments, Energy Storage, Food Products, Government, Healthcare Services, Holding Companies, Hotels and Resorts, Household Products, Human Capital Services, Industrial Supplies and Parts, Information Services (B2C), Infrastructure, Insurance, Internet Retail, IT Consulting and Outsourcing, Legal Services (B2B), Leisure Faci lities, Logistics, Machinery (B2B), Marine, Media and Information Services (B2B), Medical Supplies, Metals, Minerals and Mining, Monitoring Equipment, Movies, Music and Entertainment, Oil and Gas Equipment, Other Agriculture, Other Chemicals and Gases, Other Commercial Products, Other Commercial Services, Other Communications and Networking, Other Containers and Packaging, Other Devices and Supplies, Other Energy, Other Energy Services, Other Equipment, Other Financial Services, Other Hardware, Other Healthcare Technology Systems, Other Materials, Other Media, Other Restaurants, Hotels and Leisure, Other Services (B2C Non-Financial), Outcome Management (Healthcare), Personal Products, Pharmaceuticals and Biotechnology, Plastic Containers and Packaging, Printing Services (B2B), Publishing, Real Estate Investment Trusts (REITs), Real Estate Services (B2C), Restaurants and Bars, Road, Security Services (B2B), Semiconductors, Software, Specialized Finance, Specialty Retail, Storage (IT), Surgical Devices, Telecommunications Service Providers, Textiles, Therapeutic Devices, Utilities

Preferred Deal Types Accelerator/Incubator, Acquisition Financing, Bankruptcy: Admin/Reorg, Bankruptcy: Liquidation, Buyout/LBO, Carveout, Corporate, Corporate Divestiture, Debt - General, Early Stage VC, Equity Crowdfunding, Grant, IPO, Joint Venture, Later Stage VC, Merger/Acquisition, PE Growth/Expansion, Public Investment 2nd Offering, Secondary Transaction - Open Market, Spin-Off

Preferred Verticals AdTech, AgTech, Artificial Intelligence & Machine Learning, Big Data, CleanTech, CloudTech & DevOps, Cryptocurrency/Blockchain, Cybersecurity, E-Commerce, Esports, FinTech, FoodTech, Gaming, HealthTech, HR Tech, Impact Investing, Industrials, Infrastructure, Life Sciences, LOHAS & Wellness, Manufacturing, Marketing Tech, Mobile, Mobility Tech, Nanotechnology, Oil & Gas, Oncology, Real Estate Technology, Robotics and Drones, SaaS, Supply Chain Tech, TMT

183

Investment Banking Services CLIENT FOCUSED INVESTMENT BANKING

very transaction needs the support of a trusted advisor from the initial planning process to the ultimate sale or acquisition of a company. No matter a client’s end goal for a transaction, RubinBrown Corporate Finance aims to establish long-term relationships with clients that create value for shareholders and help companies prepare, over the entire business lifecycle, for a sale or acquisition. RubinBrown Corporate Finance is the investment banking business unit of RubinBrown LLP, helping our clients monetize their life’s work and achieve their vision to maximize wealth and value for all stakeholders. RubinBrown Corporate Finance is a client focused investment bank. Our primary goal is to serve our client’s best interest, each and every time. We differ from traditional investment banks in that our goal is to serve our client’s best interest, not to close a deal to earn a commission. RubinBrown Corporate Finance is dedicated to delivering innovative investment banking advisory solutions to family owned businesses, corporations, institutional investors, and private equity clients throughout the U.S. RubinBrown Corporate Finance is a registered, licensed, and accredited investment bank.

RUBINBROWN CORPORATE FINANCE LEADERS Ben Barnes, CPA CEO & Managing Director 314.678.3531 ben.barnes@rubinbrowncf.com Bill Conway Managing Director 816.859.7950 bill.conway@rubinbrowncf.com Tim Farquhar, CFA, CPA Managing Director 314.290.3281 tim.farquhar@rubinbrowncf.com Eric Janson, CPA Chief Financial Officer 314.290.3386 eric.janson@rubinbrowncf.com Jeff Sackman, CPA, CM&AA Managing Director 314.290.3406 jeff.sackman@rubinbrowncf.com

Our services include: ∙ Investment banking: sell-side & buy-side

∙ Private capital raising

∙ Mergers & acquisitions

∙ Valuation

∙ Divestitures

MEMBER FINRA/SIPC To learn more about FINRA or SIPC, and our membership, visit www.finra.org or www.sipc.org. RubinBrown Corporate Finance, LLC is not engaged in the practice of public accountancy. BrokerCheck is a free tool to research the background and experience of financial brokers, advisers and firms. To learn more, visit: https://brokercheck.finra.org/ WWW.RUBINBROWNCF.COM | 1.800.678.3134

184

Sapling Financial Consultants | Private Company Profile General Information Description Sapling Financial Consultants is a consultancy founded in 2015. Our entire team operates out of our Canadian headquarters in Toronto. We specialize in financial modelling, data analytics, and due diligence services for private equity firms and midmarket businesses, leveraging our distinctive combination of financial expertise and data analytics capabilities. We provide due diligence services for private equity firms, ranging from cost effective QofE reports for smaller platforms and add-on acquisitions (<$30M revenues) to detailed transaction level analysis of sales and costing data and building data models (e.g., Monte Carlo simulations, regression analysis, client lifetime value analysis). Our work with mid-market companies is focused on enhancing reporting, budgeting and forecasting, strategic planning, and working capital efficiency. For portfolio companies, we create value through the digital transformation of the businesses’ reporting and planning capabilities and by developing automated KPI reporting dashboards that drive decision-making and improve performance. Website

www.saplingfinancial.com

Year Founded

Entity Type

Private Company

Universes

Legal Name

Sapling Financial Consultants Inc.

Parent Company

Business Status

Generating Revenue

Employees

2015

Ownership Status Financing Status

Contact Information Primary Contact

Primary Office

Andreea Lupascu

100 Sheppard Avenue East,

Partner

Suite 860

andreea@saplingfinancial.com

North York, ON, M2N 6N5

Phone: +1 (416) 371-2094 Marketing Contact Information

Canada Phone: +1 (416) 625-2633

Alexandra Bardysheva Administrative Coordinator alex@saplingfinancial.com Phone: +1 (226) 606-9226

185

Primary Contact: Jonathan Ives, Managing Director Mobile: 216-633-0616 Email: jonathan.ives@scgp.com Address: 7887 Hub Parkway, Valley View, OH 44125 Firm Website: www.scgp.com

Firm Description: SCG Partners is a family office private investment firm focused exclusively on business services companies. We seek to create high-impact partnerships with entrepreneurial management teams to build exceptional businesses through extensive sector expertise within our chosen verticals. Comprised of an investment team that has decades of deal-making and investment experience working with middle-market companies, SCG Partners is much more than a source of capital – we leverage the financial strength and operating expertise of Safeguard Properties, an industry leader in field services.

Target Industry Verticals: • • • • • •

Landscaping, Lawn Maintenance, Golf Course Grounds Maintenance Plumbing/HVAC Insurance Underwriting Inspection Services, Insurance Claims Services, Licensed Public Adjusting Insurance Restoration & Renovation, Disaster Recovery Roofing Multi-Site Facilities Maintenance

Investment Criteria: • • •

$1 to $15 million of EBITDA for a platform No minimum for add-on acquisitions United States and Canada

• • •

Control-oriented, LBOs, recapitalization Recurring or repeat revenue business models 10%+ EBITDA margins

Select Current Portfolio Companies: Down to Earth Landscape & Irrigation, Maitland, FL: www.dtelandscape.com Down To Earth Landscape & Irrigation is a leading full service landscape, irrigation and landscape construction company serving multiple regions across Florida. Areas of expertise include large scale commercial, residential and resort services. In addition, the company’s dedicated golf division manages and maintains more than 600 holes of golf. Profile Inspection Services, Beford, NH: www.profileinspection.com Profile Inspection Services is a premier insurance underwriting inspections and loss control service company that works with insurance companies. For more than 30 years Profile has been a leader in time based inspection management, providing clients with the boots on the ground they need to mitigate risk and help them achieve their underwriting goals MFS Supply, Solon, OH: www.mfssupply.com MFS Supply is a leading national distributor of renovation materials including cabinetry, countertops, appliances, lighting, plumbing fixtures and HVAC. In addition to property preservation (single-family, residential, commercial), the company also carries a wide selection of items utilized in the real estate industry.

186

Scott Capital Partners | PE/Buyout Profile General Information Description Founded in 1999, Scott Capital is a private equity investment firm based in Darien, Connecticut. The firm prefers to invest through management buyouts, family succession situations, recapitalizations, and growth equity in specialty & niche manufacturing, consumer-driven healthcare services & products, value-added distribution, industrial technology, business services, consumer products, and specialty retail sectors. Website

www.scottcap.com

Total Investments

40†

Entity Types

PE/Buyout Private Investment Fund

Active Portfolio

Also Known As

G. Scott Capital Partners

Investments (TTM)

Legal Name

Scott Capital Partners, LLC

Exits

Investor Type

PE/Buyout

Med. Round Amount

$7.50M

Investor Status

Actively Seeking New Investments

Med. Valuation

$42.29M

Year Founded

1999

# of Professionals

AUM

$100.00M

Dry Powder

$3.83M

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office

Bradley Scholtz

320 Boston Post Road Suite 270 Darien, CT 06820 United States

Managing Director bscholtz@scottcap.com Phone: +1 (203) 939-1887

Phone: +1 (203) 939-1890 Fax: +1 (239) 263-9031

Investment Preferences Preferred Investment Amount[s]

$5M - $40M

Preferred Revenue[s]

$10M - $100M

Preferred Company Valuation[s]

$20M - $200M

Preferred Deal Size[s]

$10M - $100M

Preferred EBITDA

$4M

Preferred Investment Horizon[s]

10 years

Preferred Industries Commercial Products, Construction and Engineering, Consumer Durables, Consumer Non-Durables, Healthcare Devices and Supplies, Healthcare Services, Other Business Products and Services, Other Consumer Products and Services, Restaurants, Hotels and Leisure, Retail Geographical Preferences Canada, United States Preferred Deal Types Buyout/LBO, Corporate Divestiture, Management Buyout, PE Growth/Expansion, Recapitalization Preferred Verticals 3D Printing, Advanced Manufacturing, E-Commerce, Industrials, Manufacturing Other Investment Preferences Long-Term Investor, Will syndicate

187

Sentinel Capital Partners | PE/Buyout Profile General Information Description Founded in 1995, Sentinel Capital Partners is a private equity firm based in New York, New York. The firm seeks to invest in management buyouts, recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses. The firm prefers to invest in companies operating in aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Website

www.sentinelpartners.com

Total Investments

274†

Entity Types

PE/Buyout Private Company Other Service Provider Type

Active Portfolio

Investments (TTM)

15†

Also Known As

Sentinel

Exits

Legal Name

Sentinel Capital Partners, L.L.C

# of Professionals

Investor Types

PE/Buyout (Primary Type) Lender/Debt Provider Growth/Expansion Minority Equity Mezzanine Other Private Equity

Investor Status

Actively Seeking New Investments

Year Founded

1995

AUM

$10.03B

Dry Powder

$5.60B

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact Tyler Lowenstein Vice President, Business Development lowenstein@sentinelpartners.com Phone: +1 (212) 688-3100

Primary Office One Vanderbilt Avenue 53rd Floor New York, NY 10017 United States Phone: +1 (212) 688-3100 Fax: +1 (212) 688-6513 info@sentinelpartners.com

Investment Preferences Preferred Investment Amount[s]

$100M - $300M

Preferred Revenue[s]

$50M - $1B

Preferred Company Valuation[s]

$70M - $1B

Preferred EBITDA

$15M - 80M

Preferred Investment Horizon[s]

3 - 10 years

Preferred Industries Aerospace and Defense, Apparel and Accessories, Catalog Retail, Commercial Services, Communications and Networking, Consumer Durables, Consumer Non-Durables, Distributors/Wholesale (B2C), Healthcare Devices and Supplies, Healthcare Services, Healthcare Technology Systems, Internet Retail, IT Services, Leisure Facilities, Materials and Resources Geographical Preference Canada, United States Preferred Deal Types Buyout/LBO, Carveout, Convertible Debt, Corporate Divestiture, Debt - General, Junior Debt, Management Buyout, Merger/Acquisition, PE Growth/Expansion, Public to Private, Recapitalization, Second Lien, Secondary Buyout, Senior Debt, Senior Debt, Subordinated Preferred Verticals 3D Printing, Advanced Manufacturing, Beauty, CloudTech & DevOps, Construction Technology, Cybersecurity, Digital Health, E-Commerce, FoodTech, HealthTech, HR Tech, Industrials, Infrastructure, Internet of Things, Life Sciences, LOHAS & Wellness, Manufacturing, Marketing Tech, Oncology, Pet Technology, Restaurant Technology, Robotics and Drones Other Investment Preferences Prefers majority stake, Prefers minority stake, Will syndicate

188

Who We Are

Investment Criteria

Sheridan Capital Partners is a Chicago-based lower middle market private equity firm focused exclusively on building leading companies within the healthcare industry. ▪ Founded in 2012 ▪ Partners have over 50 years of collective private equity experience ▪ Since inception, our team of investment professionals has sourced and executed over 100 platform and add-on investments across selected healthcare sectors

TRANSACTION TYPES Control positions in N. American based healthcare businesses Partial recapitalizations or buyouts

INDUSTRY FOCUS + PREFERRED SUBSECTORS Healthcare Providers Healthcare Outsourced Services Consumer Health & Products

Our Approach Sheridan Capital Partners is a Chicago-based lower middle market private equity firm focused exclusively on building leading companies within the healthcare industry. ▪ We partner with strong management teams to implement a value creation framework and drive profitable growth: ▪ Support and supplement existing management talent where required ▪ Establish the operating model necessary to effectively scale the business ▪ Identify accretive M&A opportunities provide capital and strategy necessary for integration

400 N. Michigan Ave, Suite 800, Chicago, IL 60611 (312) 548-7064

189

TRANSACTION SIZE Target platform EBITDA of $3 to $20 million Target equity investments of $15 to $100 million (including add-ons)

C O M PA N Y C H A R A C T E R I S T I C S Founder-owned, entrepreneurially-led businesses Strong business model, with a history of consistent growth and profitability Attractive underlying secular growth trends and market fragmentation Diversified client bases, with no/limited FDA approval risk or biopharmaceutical risk

ALEXANDRA M. KIER

B R E N T H . W. BLANKENSHIP

JAKE MARGOLIS

RILEY DEMUTH

Director of Business Development

Vice President, Business Development

Associate, Business Development

312.273.5353

872.810.0315

872.810.2656

312.273.5353

alexandra.kier@sheridancp.com

brent.blankenship@sheridancp.com

jake.margolis@sheridancp.com

riley.demuth@sheridancp.com

AT-A-GLANCE 2019

$750M+

Year Founded

25+

CREATING VALUE FROM PURPOSE-DRIVEN PARTNERSHIPS

Historical Portfolio Companies(1)

INVESTMENT CRITERIA:

SIZE

$5-$30M

$1.7B

Total Acquisitions Completed(1)

Historical Transaction Value(1)

Total Professionals

TRANSACTION TYPES

$50-$350M

EBITDA

100+

Committed Capital

BUYOUTS

ENTERPRISE VALUE

RECAPITALIZATIONS

NO MINIMUM SIZE FOR ADD-ONS

BUY AND BUILDS DIVESTITURES

TARGET INDUSTRIES AND END MARKETS:

INDUSTRY AGNOSTIC WITH PARTICULAR INTEREST IN SELECT VERTICALS WITH DEEP FIRM EXPERTISE

VALUE-ADDED DISTRIBUTION

BUSINESS AND INDUSTRIAL SERVICES

SPECIALIZED MANUFACTURING

FOOD & BEVERAGE

FACILITY SERVICES

RESIDENTIAL SERVICES

ENVIRONMENTAL SERVICES

TESTING, INSPECTION, & CERTIFICATION

INDUSTRIALS

TECH-ENABLED SERVICES

MAINTENANCE, REPAIR & OVERHAUL

WHO WE ARE

WHY WE ARE DIFFERENT

HIGHLY EXPERIENCED INVESTMENT TEAM WITH DEEP SECTOR

PURPOSE-DRIVEN WITH MEANINGFUL PORTION OF PROFITS

KNOWLEDGE IN SELECT VERTICALS

CONTRIBUTED TO PHILANTHROPY

THESIS-DRIVEN INVESTMENT APPROACH WITH THEMATIC

INDUSTRY-LEADING MANAGEMENT

ORIGINATION PROCESSES

INCENTIVE PACKAGES TO ENSURE INCENTIVE ALIGNMENT

PARTNERSHIP APPROACH CONSIDERS A BROADER SET OF

BROAD SOURCING CAPABILITIES SUPPORTED BY EXTENSIVE

STAKEHOLDERS

INTERMEDIARY NETWORK

KEY CONTACTS DIRECTOR OF BUSINESS DEVELOPMENT

MICHAEL BRENNAN

brennan@shorelineequitypartners.com

KEY INVESTMENT PROFESSIONALS MIKE HAND, MANAGING PARTNER hand@shorelineequitypartners.com

PETER FRANZ, PARTNER franz@shorelineequitypartners.com

IAN GARLAND, PRINCIPAL garland@shorelineequitypartners.com

ZACH MITTELMARK, PRINCIPAL mittelmark@shorelineequitypartners.com

310 3rd St, Suite 301 • Neptune Beach, FL 32266 Tel: (904) 222-6540 • www.shorelineequitypartners.com (1) Includes investments while at prior firms

190

SILVERVIEW CREDIT PRIVATE LENDING

Lending Summary

Team Experience1



    

Sample Transactions2 Operator of Co-Warehousing Facilities



Siding and Roofing Installer



Restaurant Concept



  

 



Contact Footnotes

191

About Our Firm Smith Gambrell Russell is a full-service, international law firm that advises regional, national, and global businesses on a wide array of legal matters. The Firm’s nearly 400 attorneys provide legal counsel in more than 50 specialized practice areas, including corporate transactions,

Service Breakdown

Serviced Companies: 64 Serviced Deals: 64 Serviced Investors: 35 Serviced Funds: 1

litigation, intellectual property, aviation, banking, real estate, insurance/reinsurance, construction, employment law, international, and employee benefits and executive compensation.

Global Reach SGR has 14 domestic and international offices including Atlanta; Austin; Charlotte; Chicago; Jacksonville, FL; London; Los Angeles; Miami; Munich; New York; Southampton; Springfield, IL; Tampa, FL; and Washington, DC.

Connect With Us Primary Contact

Eric Mandus JD Partner emandus@sgrlaw.com Phone: +1 (404) 815-3637

Primary Office

1105 West Peachtree Street Northeast Suite 1000 Atlanta, GA 30309 United States Phone: +1 (404) 815-3500 Fax: +1 (404) 815-3509 www.sgrlaw.com

GENERAL INFORMATION

Entity Types

Law Firm Private Company Acquirer

Employees

591

Service Provider

Law Firm

Preferences Preferred Industries

Commercial Transportation, Construction (Non-Wood), Construction and Engineering, Energy, Environmental Services (B2B), Financial Services, Government, Healthcare, Information Technology, Movies, Music and Entertainment, Printing Services (B2B), Real Estate Services (B2C), Transportation

Geographical Preferences

Asia, Europe, Canada, Germany, Israel, Japan, Italy, South America, United Kingdom, United States

Preferred Deal Types

Angel (individual), Asset Divestiture (Corporate), Bankruptcy: Admin/Reorg, Bankruptcy: Liquidation, Bonds, Buyout/LBO, Corporate Asset Purchase, Corporate Divestiture, Debt - General, Early Stage VC, IPO, Joint Venture, Later Stage VC, Management Buyout, Merger/Acquisition, PE Growth/Expansion, Recapitalization, Reverse Merger, Seed Round

SMITH, GAMBRELL & RUSSELL, LLP

192

4143 Maple Avenue | Suite 240 Dallas, TX 75219

P: 214.617.4745 www.solesourcecapital.com

Overview 2024 Sole Source Capital (“SSC”) is a lower-middle market investment firm specializing in private and founder-owned companies, corporate carve-outs, management buy-outs, and special situations across North America. SSC is an operationally-focused firm that targets high-growth industrial assets with defensible market positions and quantifiable sector tailwinds. SSC has committed pools of capital and is investing out of Fund I ($160 million) and Fund II ($555 million). SSC has approximately $1.5B of assets under management. CERTAINTY AND SPEED

OPERATIONAL EXPERTISE

Founded in 2016 by David Fredston, SSC consists of a team of professionals who joined from firms including The Gores Group, Clearlake Capital, SAC Capital, Platinum Equity, and Danaher.

Upfront Investment Committee involvement ensures no surprises (approval can be obtained in 24 hours). SSC commonly closes transactions in less than 30 days and has no financing contingencies.

The SSC leadership team aggregates over 100 years of private equity investment, operational, and corporate leadership experience.

SSC’s in-house team provides guidance and resources to executives to drive significant operational improvements. The SSC WaySM integrates operational engagement with M&A resources at the onset of the investment process.

INVESTMENT CRITERIA

COLLABORATIVE LEADERSHIP

PRIORITY SECTORS SERVICES SERVICES

IT Services / MSPs Specialty Electrical Services Cyber Security Integrators and VARs Essential Services MedTech MRO

MANUFACTURING

Filtration Products Medical Products

Secular Tailwinds

Minimal Customer Concentration

Sustainable Competitive Advantage

Buy and Build Opportunity

Resilient EndMarkets

Value-Add Capabilities

Recurring Revenue

Headquartered in North America

Revenue: >$20M EBITDA: <$20M

Contract Manufacturing (Food / Ingredients) Labels / Packaging

DISTRIBUTION

Specialty / Ethnic Food Filtration Products Medical Products HVAC Systems and Parts

FOUNDER-FRIENDLY SSC has been named on Inc.’s List of Top Founder-Friendly PE Firms for 5 years in a row, since the list’s inauguration 90%+ of SSC acquisitions have been privately-held businesses

TOP RETURNS Fund I & Fund II are top performers in IRR, MOIC and DPI for all North American buyout funds*

SSC CONTACTS Lisa Flanigan I Principal lflanigan@solesourcecapital.com Origination Team origination@solesourcecapital.com

* PitchBook – Vintage year 2018 (sample size – 96) and 2020 (sample size – 104) buyout funds as of 6/30/2023. Note: These rankings may not represent investor experience with SSC or the funds, nor do they constitute a recommendation of SSC or its services. Such rankings are not necessarily indicative of SSC past or future performance. SSC did not directly or indirectly provide compensation for inclusion in these rankings although it has paid a subscription to Pitchbook. Additional information on the rankings or award methodologies is available from the sponsor.

193

Direct Lending | Lower Middle Market Debt & Equity Co-Investments www.source-cap.com

Founded in 2002 | Atlanta, Georgia

About Source Capital

Source Capital is a private investment firm that invests in lower middle-market companies across a range of industries utilizing two distinct strategies: (i) Direct Lending and (ii) Private Equity. Since its founding in 2002, Source Capital has made 50+ debt investments across 4 credit funds via its Direct Lending platform as well as 25+ control equity investments and 50+ add-on acquisitions via its Private Equity platform. Direct Lending Platform | One-Stop Capital Provider

Key Differentiators

• Proven track record with 50+ debt investments across 4 credit funds • Investing out of Fund IV, which is a ~$200 million SBIC-licensed fund  Sponsored & Non-Sponsored Deals  Independent Sponsor Friendly  Cash Flow & ARR Lending  Debt with Equity Co-investments  Target EBITDA: > $2 million  Industry Agnostic

• Flexible, creative capital solutions • Market-friendly terms • Lean, flat investment team • Early involvement from investment committee • Alignment with Sponsor with meaningful equity co-invest

Investment Criteria

Industry Experience

Investment Size & Structure: • Investment size of $4 - $20 million • Senior, Unitranche, & 2nd Lien debt • Equity co-investment (meaningful) Typical Financial Profile: • Revenues > $10 million • EBITDA > $2 million

Investment Types: • MBOs / LBOs • Growth Capital • Buy & Build Platforms • Add-on Acquisitions • Recapitalizations • Refinancings

Industry / Geography Focus: • Industry agnostic • US-headquartered with > 50% FTEs in US

• B2B E-commerce • Business / Industrial Services • Consumer Products & Services • Healthcare Services • Multi-site Healthcare • Niche Manufacturing • Technology Services • Transportation & Logistics

Investment Team Tom Harbin Managing Partner tomharbin@source-cap.com

Charles Slick Principal charlesslick@source-cap.com

Ben Emmons Managing Director benemmons@source-cap.com

Josh Chin Vice President joshchin@source-cap.com

Joe Rodgers Managing Director joerodgers@source-cap.com

Matt Cory Associate matthewcory@source-cap.com

Rob Kissling Principal robkissling@source-cap.com

Michael Murphy Associate michaelmurphy@source-cap.com

Direct Lending | Debt & Equity Co-Investments

Please reach out to Joe Rodgers, Rob Kissling, or Charles Slick to preview potential deal opportunities. Thank you!

3060 Peachtree Road, Suite 1830 Atlanta, Georgia 30305

194

Private Equity

Equity Capital for Lower Middle Market Businesses

Source Capital is a private equity firm that invests in growing, lower middle-market companies across a range of industries. Since its founding in 2002, Source Capital has completed 28 equity platform and 55+ add-on investments. INVESTMENT STRUCTURE • Preferred or common equity INVESTMENT TYPE • Management-backed leveraged buyouts • Recapitalizations • Buy and build platforms

PLATFORM PROFILE • Revenue: $10+ million

Tom Harbin Managing Partner tomharbin@source-cap.com

• Growth capital • Corporate divestitures • Add-on acquisitions

• EBITDA: $2+ million

INDUSTRY PREFERENCES • Business Services • Healthcare Services/Tech • Niche Manufacturing • Consumer Products/Services

• Tech-enabled Services • Industrial Services • Value-added Distribution

TARGET PROFILE • Asset-light businesses with reoccurring revenue & predictable cash flow • Niche companies with strong competitive positions in small and/or fragmented industries • Growth-stage businesses or businesses with untapped growth potential

• Tech-enabled services / attractive operating leverage • Opportunities to develop new products/services or enter new markets • Opportunity for market consolidation through add-on acquisitions

GEOGRAPHY • Entire United States and selectively in Canada

Ben Emmons Managing Director benemmons@source-cap.com Ryan Berg Principal ryanberg@source-cap.com

Matthew Smith Principal mattsmith@source-cap.com Sam Allen Principal samallen@source-cap.com Josh Chin Vice President joshchin@source-cap.com

Matt Cory Associate matthewcory@source-cap.com Michael Murphy Associate michaelmurphy@sourcecap.com Thomas van der Meulen Operating Partner tvandermeulen@source-cap.com

CONTACT US To learn more about Source Capital or to discuss an equity investment opportunity, please reach out to a member of our investment team.

195

3060 Peachtree Road, Suite 1830 Atlanta, Georgia 30305 www.source-cap.com

Company bio: Sourcescrub is the market-leading deal sourcing platform for investment and M&A teams who need the most complete, accurate, and connected view of private markets. Using a proprietary Expert-in-the-loop AI process, Sourcescrub weaves more than 150,000 information Sources and 15M companies into a web of insight so you see more possibilities and win more often. To learn more, visit www.sourcescrub.com. Contact information: •

marketing@sourcescrub.com

Primary Contact: Kevin Tran Marketing Associate ktran@sourcescrub.com

196

SouthPointe Ventures | PE/Buyout Profile General Information Description Founded in 2003, SouthPointe Ventures is a private equity firm based in Atlanta, Georgia. The firm prefers to invest in manufacturing, distribution, and business service sector companies. Website

www.southpointeventures.com

Total Investments

11†

Entity Types

PE/Buyout

Active Portfolio

Also Known As

SPV

Exits

Legal Name

SouthPointe Ventures, LLC

Investor Type

PE/Buyout

Investor Status

Actively Seeking New Investments

Year Founded

2003

Med. Round Amount Med. Valuation # of Professionals

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact Ed Fisher Founder & Managing Partner edfisher@southpointeventures.com Phone: +1 (404) 229-1595

Primary Office 1180 West Peachtree Street, Northwest Suite 1910 Atlanta, GA 30309 United States Phone: +1 (404) 249-6000 info@southpointeventures.com

Investment Preferences

197

Preferred Revenue[s]

$5M - $50M

Preferred Company Valuation[s]

$5M - $30M

Preferred EBITDA

$1M - $5M

Preferred Investment Horizon[s]

1- 15 years

Preferred Industries

Geographical Preference

Preferred Deal Types

Preferred Vertical

Other Investment Preferences

Commercial Services, Distributors/Wholesale, Other Business Products and Services, Manufacturing

Southeast and Midwest U.S. (within 1 timezone of ATL)

Add-on, Buyout/LBO, PE Growth/Expansion

Manufacturing Distribution Business Svcs

Long-Term Investor, Prefers majority stake

$3.8+ billion specialized asset management firm focused on the U.S. lower middle-market by investing debt and equity directly into established operating companies, making strategic investments into fund managers and purchasing secondary fund positions*

Email: info@StarMountainCapital.com StarMountainCapital.com YouTube.com/StarMountainCapital Linkedin.com/company/Star-Mountain-Capital-LLC Atlanta • Austin • Chicago • Cleveland • Dallas • Greenwich • Jacksonville • New York • Philadelphia • Tampa • West Palm Beach *AUM defined as capital commitments plus committed asset-based leverage, including $175 mm of available SBA leverage on Star Mountain’s licensed SBIC fund. All numbers as of 12/31/23.

198

StempleCrites | Financing Advisory Profile General Information Description StempleCrites is a global boutique tangible asset consulting firm specializing in the analysis of real and personal property for mergers and acquisitions, asset-based lending, property insurance placement, and other consulting purposes. StempleCrites offers personalized services supporting client valuations needs including pre-deal, financing, mergers, acquisitions, impairment, bankruptcy, property tax, financial reporting, and insurance property submissions. The firm was founded in 2017 and is based out of Atlanta, Georgia. Website

www.stemplecrites.com

Entity Type

Financing Advisory

Also Known As

Legal Name

StempleCrites, LLC

Service Provider Type

Financing Advisory

Year Founded

2017

Contact Information Primary Contact

Primary Office

Jeff Stemple

545 Dutch Valley Place Northeast

Co-Founder, Managing Director - Financial Advisory

Suite B

jeff.stemple@stemplecrites.com

Atlanta, GA 30324

Phone: +1 (404) 519-2993

United States Phone: +1 (404) 513-8990 info@stemplecrites.com

Preferences Preferred Industries

Geographical Preference

Preferred Deal Type

Preferred Verticals

Aerospace and Defense, Beverages, Building Products, Chemicals and Gases, Communications and Networking, Computer Hardware, Food Products, Gas Utilities, Hotels and Resorts, Industrial Supplies and Parts, Leisure Facilities, Luxury Goods, Marine, Marine, Metals, Minerals and Mining, Pharmaceuticals, Rail, Rail, Semiconductors

United States

Merger/Acquisition Pre-Deal Business Planning

Infrastructure, Manufacturing

199

Stonehenge Partners is an Ohio-based private equity firm that focuses exclusively on the lower middle market. Founded in 1999, we have a long history of partnering with leading entrepreneurs and managers who are focused on building winning teams, accelerating growth, and creating shareholder value. We provide flexible capital that meets the needs of all stakeholders, including majority equity, minority equity, debt, and combinations thereof. We have raised more than $1.4 billion of committed capital and are currently investing out of our sixth institutional fund.

Overview

Senior Investment Team

Investment Structures

Andrew Bohutinsky, Managing Partner (614) 246-2434 afbohutinsky@stonehengepartners.com

• • •

Target investment range of $10 million to $50 million Flexibility to invest subordinated debt, minority equity, control equity, or any combination Sole institutional capital provider or co-investment partner

Industry Preferences • • • • •

Robert Eversole, Managing Partner (614) 246-2654 rmeversole@stonehengepartners.com

Manufacturing Distribution Healthcare Business Services Avoid real estate and retail

Thomas Utgard, Managing Partner (614) 246-2436 trutgard@stonehengepartners.com

Situations • • • •

Michael Arguelles, Partner (614) 246-2490 marguelles@stonehengepartners.com

Management buyouts Leveraged acquisitions Recapitalizations Growth equity

Chris Buehler, Director (614) 246-2542 cmbuehler@stonehengepartners.com

Characteristics of Investment Candidates •

• • •

Proven management teams with properly aligned incentives Stable operating history with cash flow in excess of $2 million Strong & defensible position in a defined market or niche Compelling industry fundamentals

Current Fund •

Stonehenge Opportunity Fund V LP - $375 million private equity fund

191 W. Nationwide Blvd., Suite 600 Columbus, OH 43215

Peter Davies, Managing Partner (614) 246-2406 pgdavies@stonehengepartners.com

Sean Dunn, Director (614) 246-2416 spdunn@stonehengepartners.com Marc Elberson, Vice President (614) 246-2418 mcelberson@stonehengepartners.com Patrick Shevelson, Vice President (614) 246-2465 pbshevelson@stonehengepartners.com

(614) 246-2500

www.stonehengepartners.com

200

Synovus Bank (NYS: SNV) | Lender/Debt Provider Profile General Information Description Synovus (NYSE: SNV) is the largest mid-cap bank in the Southeast, providing a wide range of financial services to corporations, governments, institutions, and individuals. Founded in 1888, Synovus is headquartered in Columbus, Georgia, and has nearly 290 locations throughout the Southeast U.S. and has been named one of America’s Best Banks by Forbes. Synovus offers commercial banking services and retail banking services. Commercial banking services include treasury management, asset management, capital markets services, institutional trust services and commercial, financial and real estate loans. Website

www.synovus.com

Entity Types

Lender/Debt Provider Public Company Commercial Bank

Also Known As

Synovus

Formerly Known As

Columbus Bank and Trust Company

Legal Name

Synovus Financial Corp.

Investor Type

Lender/Debt Provider

Year Founded

1888

AUM

~$60.0B

Contact Information Contact

Contact

Matthew R. McKee

Blake E. Goddard

Preston C. McDonald

Middle Market Banking matthewmckee@synovus.com Phone: +1 (678) 578-1922

Asset-Based Lending / Specialty Finance blakegoddard@synovus.com Phone: +1 (678) 378-2990

Middle Market Banking prestonmcdonald@synovus.com Phone: +1 (678) 218-1139

Investment Preferences

201

Preferred Industries

Preferred Verticals

Manufacturers, Distributors, Wholesalers, Retailers, Service Industries, Healthcare, Senior Housing, Asset Based Lending, Premium Finance, Specialty Finance, REITs, Commercial Real Estate, Government, HOA, Aviation, and Marina.

Middle Market C&I, Commercial Real Estate, Community Investment Capital, National Coverage, REITs & Institutional Real Estate, Senior Housing, Specialty Healthcare, Structured Lending, Asset-Based Lending, Restaurant Finance and Government Solutions.

TAMARIX CAPITAL PARTNERS Flexible Capital Solutions for the Lower Middle Market Tamarix Capital Partners (“TCP”) is a provider of capital to lower middle market companies across the U.S. TCP is part of the Tamarix platform, which was founded in 1993, and is managed by seasoned investment professionals that have cumulatively invested over $3.5 billion.

Types of Securities

• Unitranche Debt • Second Lien Debt • Subordinated / Mezzanine Debt

• Debt with Warrants • Debt with Preferred Equity • Debt with Common Equity

Transaction Types

• • • •

Investment Criteria

• U.S.-based businesses with EBITDA of $3 - $15 million • Experienced management teams • Proven historical performance and positive free cash flow

• Scalable business models that benefit from operating leverage • Clear market leaders that demonstrate a sustainable competitive advantage • High barriers to entry

Industry Focus

• Business Services • Industrial & Niche Manufacturing • Consumer Products & Services

• Transportation & Logistics • Value-Added Distribution • Technology/Software & Software-as-a-Service

Typical Transaction Terms

• Borrower Size: • Investment Size: • Amortization:

Differentiation

• Flexible investment mandate with ability to invest across the entire capital structure • Creative approach to solving capital needs

Refinancings / Recapitalizations Management & Leverage Buyouts Acquisition Financings Shareholder Liquidity Events

Growth Capital Non-Sponsored Transactions Independent Sponsor Transactions Private Equity Backed Transactions

EBITDA of $3 - $15 million; Revenue of $10 - $100 million $5 - $25 million, with the ability to increase amount through LP co-invest Flexible amortization schedules • Partner with management and ownership • Long-term and patient capital • One-stop solution

Holbrook M. Forusz Managing Director (646) 306-1061 hforusz@tamarixcapital.com

Headquarters | 445 Park Avenue, 17th Floor | New York, NY 10022

WWW.TAMARIXCAPITAL.COM/CREDIT

This is intended for potential portfolio companies only and is neither an offer to sell nor a solicitation of any offer to buy any securities, investment product or investment advisory services. This is not an offering or the solicitation of an offer to purchase an interest in a fund. The information provided herein is used for illustrative and discussion purposes only. Final transaction terms may vary.

202

TD Bank | Commercial Bank Profile General Information Description TD Bank is one of the 10 largest banks in the U.S. by assets, providing over 10 million customers with a full range of retail, small business and commercial banking products and services throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas, Georgia, and Florida. The Commercial Bank encompasses large corporate, Middle Market, Community and Small Business lending for companies with annual revenues between $1 million and $3 billion. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is a subsidiary of The Toronto-Dominion Bank, a top 10 North American bank.

Website

www.tdbank.com/commercialbanking

Year Founded

1855

Entity Types

Commercial Bank

Employees

~28,000

Also Known As

Legal Name

TD BANK, N.A.

Service Provider Type

Commercial Bank

Contact Information Primary Contact

Headquarters

Nate Barrett

1701 Route 70 East

Atlanta Head of Middle Market

Cherry Hill, NJ 08034-5400

nate.barrett@td.com

United States

864-553-6143

Phone: 888-751-9000

Preferences Preferred Industries Automotive/Aerospace, Business Services, Chemicals, Communications & Entertainment, Construction & Contractors, Distributors, Food & Beverages (distribution, franchise, producers, restaurants and grocers), General Industries, Government Contractors, Manufacturing, Media, Medical/Healthcare, Paper & Packaging, Pharmaceutical, Professional Services, Retail, Retail Energy, Staffing, Technology, Transportation Geographical Preferences United States Preferred Deal Types Asset-based Lending, CapEx, Cash Flow, Commercial Real Estate, Delayed Draw Term Loans, M&A, Working Capital

Internal

203

Tenex Capital Management | PE/Buyout Profile General Information Description Founded in 2009, Tenex Capital Management is a private equity investment firm based in New York, New York. The firm prefers to invest in companies operating in the diversified industrials, business and tech enabled services and healthcare sectors. Regarding new platform investments, Tenex has a small cap sleeve ($3-8mm EBITDA) and a mid cap sleeve ($8-40mm EBITDA). Website

www.tenexcm.com

Total Investments

118†

Entity Types

PE/Buyout Private Company

Active Portfolio

Also Known As

Tenex

Investments (TTM)

13†

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Exits

Med. Round Amount

$32.50M

Investor Status

Actively Seeking New Investments

Med. Valuation

$35.50M

Year Founded

2009

# of Professionals

AUM

$3.13B

Dry Powder

$736.29M

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact Stephens Johnson Managing Director, Business Development & & Investor Relations sjohnson@tenexcm.com Phone: +1 (804) 513-7059

Primary Office 60 East 42 Street Suite 5230 New York, NY 10165-0015 United States Phone: +1 (212) 457-1138 information@tenexcm.com

Investment Preferences Preferred Investment Amount[s]

$25M - $125M

Preferred Revenue[s]

$10M - $500M

Preferred Company Valuation[s]

$5M - $500M

Preferred EBIT

Preferred EBITDA

$3M - $40M

Preferred Industries Aerospace and Defense, Agriculture, Chemicals and Gases, Commercial Services, Construction (Non-Wood), Consumer Durables, Consumer NonDurables, Distributors/Wholesale (B2C), Energy Equipment, Energy Services, Healthcare Devices and Supplies, Healthcare Services, Media, Other Business Products and Services, Other Consumer Products and Services, Other Healthcare, Other Materials, Paper Containers and Packaging, Services (Non-Financial), Telecommunications Service Providers, Textiles, Transportation Geographical Preference Canada, United States Preferred Deal Types Acquisition Financing, Buyout/LBO, Carveout, PE Growth/Expansion, Public to Private Preferred Verticals Industrials, Manufacturing Other Investment Preferences Long-Term Investor, Prefers majority stake, Prefers minority stake, Will syndicate

204

The Lenox Group | Investment Bank Profile General Information Description Formed in 2003, The Lenox Group is an Atlanta-based, boutique investment bank focused on providing mergers and acquisitions advisory services, capital raising, and financial advisory for private, middle-market companies with revenues between $10 million and $300 million. Since inception, Lenox bankers have focused on companies in the Industrials, Healthcare, Business Services, and Consumer industries.

Website

www.lenoxgroupllc.com

Year Founded

2003

Entity Type

Investment Bank

Employees

Also Known As

Lenox

Service Breakdown

Legal Name

The Lenox Group, LLC

Service Provider Type

Investment Bank (Primary Type) Financing Advisory

Serviced Companies: 37 Serviced Deals: 37 Serviced Investors: 6

Contact Information Primary Contact

Primary Office

James Fite

3384 Peachtree Road NorthEast

Co-Founder & Managing Director jfite@lenoxgroupllc.com Phone: +1 (404) 419-1663

Suite 300 Atlanta, GA 30326 United States Phone: +1 (404) 419-1660 Fax: +1 (404) 419-1661 info@lenoxgroupllc.com

Preferences Enterprise Value $10.00M - $300.00M

Transaction Amount $10.00M - $300.00M

Preferred Industries General and Precision Manufacturing, Distribution, Industrial Services, Metals, Metal Products & Machinery, Transportation & Logistics, Engineered Products, Natural Resources & Materials, Building Products & Materials, Chemicals, Electrical Equipment & Components, Paper, Plastics & Packaging, Physician Practice Management, Facility-Based Care, Clinical Services, Home Health Medical Devices & Products, Medical Technology. Pharma Services & Distribution, Revenue Cycle Management, Healthcare Software/IT, Facility Services, HVAC and Utility Services, Infrastructure Services, Landscaping and Pest Control Services Construction Services, Route-Based Services, Business Process Outsourcing, Education Services & Technology, Payroll Services Printing and Marketing Services, Staffing, Branded Products, Food & Beverage, Franchising, Hospitality & Entertainment Media & Digital Content, Restaurants, Retail Geographical Preferences United States Preferred Deal Types Merger/Acquisition, Complete Sales, Buyout/LBO, Recapitalizations, Management Buyouts, Management Buy-Ins, Divestitures, Add-on Transactions, PE Growth/Expansion, Carveouts, Corporate Asset Purchase, Corporate Divestiture, Debt - General, Debt Refinancing, Dividend Recapitalization, Sale-Lease Back facility, Mezzanine, Second Lien, Secured Debt, Senior Debt, Subordinated Debt Preferred Verticals Industrials, Healthcare, Business Services, and Consumer

205

The Riverside Company | PE/Buyout Profile General Information Description Founded in 1988, The Riverside Company is a private equity investment firm based in New York, New York. The firm prefers to invest in growth-stage companies through buyouts. The firm seeks to invest in business products, Food and Beverage, Lifestyle, Health and Wellness, Personal Care, Pet Care, business services, consumer products, consumer services, financial services, healthcare, information technology, TMT, manufacturing, and industrials sectors in the United States, Canada, Europe, North America, Japan, South Korea, Australia, and New Zealand. Website

www.riversidecompany.com

Entity Types

PE/Buyout Private Company Lender

Total Investments

1000

Active Portfolio

140+

Also Known As

Riverside

Investments (TTM)

53†

Legal Name

The Riverside Company, LLC

Exits

252

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Med. Round Amount

$20.83M

Investor Status

Actively Seeking New Investments

Med. Valuation

$48.21M

Year Founded

1988

# of Professionals

300+

AUM

$13.5B

Dry Powder

$2.94B

Trade Associations

Spanish Venture Capital Association (ASCRI) National Association of Small Business Investment Companies (NASBIC) Dutch Venture Capital Association (NVP) Australian Venture Capital Association (OZVCA) Private Equity Council (PEC)

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact

Primary Office – David works remotely from Tampa, FL

David Fowles

Office address:

Regional Director, Origination

45 Rockefeller Center, 630 Fifth Avenue

dfowles@riversidecompany.com

Suite 400

Phone: +1 (214) 871-9645

New York, NY 10111 United States Phone: +1 (212) 265-6575

Investment Preferences Preferred Investment Amount[s]

$3M - $200M

Preferred Revenue[s]

$75M

Preferred Company Valuation[s]

$1M - $400M

Preferred Deal Size[s]

$5M - $150M

Preferred EBITDA

$0M - $35M

Preferred Investment Horizon[s]

4 - 10 years

Preferred Industries Apparel and Accessories, Beverages, Commercial Services, Consumer Durables, Distributors/Wholesale, Educational and Training Services (B2C), Financial Services, Food Products, Healthcare, Software Geographical Preferences Australia, Canada, Europe, Japan, New Zealand, North America, South Korea, United States Preferred Deal Types Buyout/LBO, Corporate Divestiture, PE Growth/Expansion Preferred Verticals Advanced Manufacturing, Digital Health, HealthTech, Industrials, LOHAS & Wellness, Manufacturing, TMT Other Investment Preferences Prefers majority stake, Prefers minority stake, Seeks ESG investments, Seeks Impact investments, Will syndicate

206

The Stephens Group | Investor Profile General Information Description Founded in 1993, The Stephens Group is a family office investment firm based in Little Rock, Arkansas. The firm invests its capital in private and public companies. The firm seeks to invest in companies with the following business models: value added distribution, niche manufacturing / engineered products, industrial services, and software. Website

www.stephensgroup.com

Total Investments

179†

Entity Types

Investor Private Company Lender Family Office (Single)

Active Portfolio

Investments (TTM)

9†

Exits

Also Known As

The Stephens

Med. Round Amount

$18.57M

Legal Name

The Stephens Group LLC.

Med. Valuation

$60.08M

Investor Types

Family Office (Primary Type) Growth/Expansion PE/Buyout Venture Capital

# of Professionals

Investor Status

Actively Seeking New Investments

Year Founded

1933

AUM

$2.00B

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact Callie Blankenau Vice President, Business Development cblankenau@stephensgroup.com Phone: +1 (405) 996-6638

Primary Office 100 River Bluff Drive Suite 500 Little Rock, AR 72202 United States Phone: +1 (501) 377-3401 info@stephensgroup.com

Investment Preferences Preferred Investment Amount[s]

$5M - $125M

Preferred Revenue[s]

$5M - $500M

Preferred Company Valuation[s]

$50M - $400M

Preferred EBITDA

$7M - $50M

Preferred Industries Commercial Products, Commercial Services, IT Services, Restaurants, Hotels and Leisure, Software Geographical Preference North America Preferred Deal Types Acquisition Financing, Buyout/LBO, Early Stage VC, Later Stage VC, PE Growth/Expansion, Seed Round Preferred Verticals Advanced Manufacturing, Construction Technology, EdTech, FinTech, FoodTech, Industrials, InsurTech, Legal Tech, Manufacturing, Mortgage Tech, Pet Technology, Real Estate Technology, Restaurant Technology, SaaS, Supply Chain Tech Other Investment Preferences Prefers majority stake, Prefers minority stake, Will syndicate

207

The Sterling Group | PE/Buyout Profile General Information Description Founded in 1982, The Sterling Group is a private equity investment firm based in Houston, Texas. The firm seeks to invest in the manufacturing, distribution and industrial service sectors. Website

www.sterling-group.com

Total Investments

216†

Entity Types

PE/Buyout Lender

Active Portfolio

Investments (TTM)

18†

Exits

Med. Round Amount

$153.63M

Med. Valuation

$153.63M

# of Professionals

Also Known As

Sterling

Legal Name

The Sterling Group, L.P.

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Investor Status

Actively Seeking New Investments

Year Founded

1982

AUM

$6.10B

Dry Powder

$1.95B

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact Jim Apple Managing Director japple@sterling-group.com Phone: +1 (713) 341-5710

Primary Office Nine Greenway Plaza Suite 2400 Houston, TX 77046 United States Phone: +1 (713) 877-8257 Fax: +1 (713) 877-1824 japple@sterling-group.com

Investment Preferences Preferred Investment Amount[s]

$40M - $300M

Preferred Revenue[s]

$100M - $1B

Preferred Company Valuation[s]

$100M - $750M

Preferred Deal Size[s]

$100 mm to $750 mm

Preferred EBITDA

$10 mm to $75 mm

Preferred Industries Agriculture, Chemicals and Gases, Commercial Services, Construction (Non-Wood), Consumer Non-Durables, Containers and Packaging, Distributors/Wholesale, Industrial Supplies and Parts, Services (Non-Financial), Textiles Geographical Preferences Canada, United States Preferred Deal Types Acquisition Financing, Add-on, Buyout/LBO, Carveout, Corporate Divestiture, Debt - General, Junior Debt, Leveraged Recapitalization, Management Buyout, Merger/Acquisition, Mezzanine, PE Growth/Expansion, Recapitalization, Second Lien, Senior Debt, Senior Debt, Secured, Senior Debt, Subordinated, Subordinated Debt Preferred Verticals Advanced Manufacturing, Industrials, Manufacturing Other Investment Preferences Prefers majority stake, Will lead on a deal, Will syndicate

208

PRIVATE EQUITY OVERVIEW Third Century Investment Associates II, L.P. ("TCIA II") manages committed private equity capital for significant investments in small businesses. We invest actively in partnership with operating companies and management teams located in the United States and Canada. Our team targets proven businesses in specialized sectors where we work to become advantaged investors through existing or acquired expertise. We are a disciplined, process-driven partnership, focused on long-term fundamentals. Our mission is to build sustainable business value, earn a superior return and develop a best-inclass reputation within the markets we serve. Third Century concentrates on business situations involving scalable growth, adequate downside protection and opportune industry trends or other special forces. We balance a thoughtful, thematic approach to new market entry with consideration for attractive, generalist opportunities as they arise. Our criteria follow: Security Type Target Performance Geographic Focus Economic Ownership Partnerships

Common or Preferred Equity Companies with $3 million - $10 million of EBITDA United States and Canada Control or shared control with appropriate rights Third Century invests alongside business owners, management teams, established equity groups, search funds, and independent sponsors to create long-term partnerships

Coverage Areas

Diversified Business and Industrial Services Specialized Services: IT, Healthcare, Financial Distribution and Logistics Light Manufacturing Industrial and Consumer Products Liquidity and growth capital for corporations, entrepreneurs, passive investors, family offices and estates in the form of management buyouts, corporate divestitures, recapitalizations, new business platforms and generational asset transfers

Transaction Types

Management Teams Investment Selectivity Corporate Governance

Proven, in place and prepared to partner Up to 3 commitments annually In conjunction with our management partners and relationship network, Third Century works to place qualified independent directors on our portfolio company boards

LEADERSHIP Third Century principals have over 25 years collective experience in principal investing, corporate financial advisory, and strategic consulting. We have a history of building business value for our portfolio companies, management teams, and limited partners. Preston Moister Founder & Managing Director pmoister@thirdcentury.com Direct: 404.825.3225 x1

Joel Iglehart Managing Director jiglehart@thirdcentury.com Direct: 404.825.3225 x2

Third Century Investment Associates II, LP 3060 Peachtree Road NE – Suite 1465, Atlanta GA 30305 www.thirdcentury.com

209

Thompson Street Capital Partners | PE/Buyout Profile General Information Description Founded in 2000, Thompson Street Capital Partners is a private equity investment firm based in Saint Louis, Missouri. The firm prefers investing in healthcare, business & consumer service & product, engineered products, life sciences, data, and software & technology sectors. Website

www.tscp.com

Total Investments

223†

Entity Types

PE/Buyout Private Company Lender

Active Portfolio

Investments (TTM)

18†

Also Known As

TSCP

Exits

Legal Name

Thompson Street Capital Partners LLC

$38.70M

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Med. Round Amount Med. Valuation

$40.00M

Investor Status

Actively Seeking New Investments

# of Professionals

Year Founded

2000

Trade Association

AUM

$4.50B

Principles for Responsible Investment (PRI)

Dry Powder

$1.79B

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact Jack Senneff Managing Director jsenneff@tscp.com Phone: +1 (314) 446-3313

Primary Office 7676 Forsyth Boulevard Suite 2700 Saint Louis, MO 63105 United States Phone: +1 (314) 727-2112 info@tscp.com

Investment Preferences Preferred Investment Amount[s]

$50M - $200M

Preferred Revenue[s]

$20M - $200M

Preferred Company Valuation[s]

$50M - $500M

Preferred Deal Size[s]

$50M - $500M

Preferred EBITDA

$5M - $40M

Preferred Industries Aerospace and Defense, Application Software, Automation/Workflow Software, Biotechnology, BPO/Outsource Services, Business/Productivity Software, Connectivity Products, Construction and Engineering, Consulting Services (B2B), Database Software, Distributors (Healthcare), Distributors/Wholesale, Drug Delivery, Educational Software, Electrical Equipment, Electronic Components, Electronic Equipment and Instruments, Energy Equipment, Enterprise Systems (Healthcare) Geographical Preferences Australia, Europe, North America Preferred Deal Types Add-on, Buyout/LBO, Corporate Divestiture, Management Buyout, PE Growth/Expansion, Public to Private, Recapitalization Preferred Verticals Cybersecurity, HealthTech, Infrastructure, Internet of Things, Life Sciences, Manufacturing, Mobile, SaaS Other Investment Preferences Prefers majority stake, Seeks ESG investments, Seeks Impact investments, Will syndicate

210

WE HELP CLIENTS REALIZE THEIR GREATEST POSSIBILITIES M&A EXECUTION

POWERFUL COMBINATION OF TM CAPITAL AND JANNEY MONTGOMERY SCOTT

Buy-Side 8%

• In December 2023 TM Capital was acquired by Janney, a 190+ year old brokerage firm managing $125 billion in client assets • Janney’s capital markets capabilities supplement TM Capital’s deep industry expertise • Coverage of more than 250 public companies, offering unique insights across key industry sectors • Provides meaningful resources and support to further grow TM Capital’s core M&A advisory platform

Sell-Side 92%

A TENURED, EXPERIENCED AND EXPERT TEAM

CLIENT OWNERSHIP

• Partners average 15 years at TM Capital

Public Company 11%

• Thought leadership across seven focus industry verticals • Unmatched experience in complex M&A, financing, advisory and restructuring transactions • Publishers of proprietary, targeted industry and financing trend research

Financial Sponsor 44%

Family / Founder Owned 45%

REALIZING THE “ART OF THE POSSIBLE” • Relentless commitment to client care • Senior Partner transaction leadership – start to finish • A culture defined by collaboration

BUYER MIX

• Appreciation for our clients’ unique ambitions and challenges • Thoughtful, customized solutions

Public Company 20%

GLOBAL REACH THROUGH OUR OAKLINS PARTNERS Private Company 36%

• The world’s preeminent middle-market investment banking organization • TM Capital is a founding member of Oaklins

Financial Sponsor 44%

• Oaklins broadens our industry expertise and provides unparalleled global coverage • Our partners are leading middle-market firms in all the major financial centers around the world • Since 2010, Oaklins has completed over 1,500 transactions worth more than $75 billion

Steve Hunter Managing Director, Head of Fianancial Sponsor Coverage shunter@tmcapital.com o. 404.995.6232 c. 404.307.0619

BUSINESS SERVICES

CONSUMER & RETAIL

HEALTHCARE

DISRUPTIVE PLATFORMS

David Felts Managing Director INDUSTRIALS

211

ARE

TRUE

PARTNERS

SPECIALTY CHEMICALS

•

ARE

COMMITTED

dfelts@tmcapital.com o. 404.995.6252

TECHNOLOGY

•

ARE

THOUGHTFUL

c. 678.575.4039

•

ARE

CREATIVE

•

ARE

WORTHY

TRUST

Tower Arch Capital Overview Tower Arch Capital (“Tower Arch”) is a Draper, Utah-based private equity firm currently investing from a $750 million fund and manages over $1.5 billion in AUM. Tower Arch focuses on control investments in entrepreneur and family-owned businesses. A significant portion of the capital was sourced from management teams who have worked with the Tower Arch team in the past. Tower Arch has been recognized on Inc’s List of Founder-Friendly Investors for all five years since the list’s inception. (2019, 2020, 2021, 2022, 2023)*

Investment Criteria & Deal Types First Institutional Capital to Partner with Founder & Family-owned Businesses $5M - $30M EBITDA

Majority Recapitalizations

Management-led Buyouts

Partnership Focus / Criteria ▪ ▪ ▪

Industries of Focus

Meaningful rollover of equity from sellers/mgmt. into the same security as Tower Arch Current management team continues to lead the business; significant option plan for key employees Prioritize growth through alignment of strategic initiatives and add-on acquisitions; conservative capital structure

Fund Size

Investments

G.P. Commitment

Corporate Divestitures

Industrial & Infrastructure

Specialty Mfg., A&D

Technology & Telecom

Business Services

Consumer Products & Services

Energy Services

Fund I

Fund II

Fund III

$272M (2014)

$450M (2019)

$750M (2023)

11 Platforms (+25 add-ons)

9 Platforms (+13 add-ons)

1 Platform

$22M

$50M

$75M

Entrepreneurs we’ve worked with, former management teams, family offices & institutions Investors Aubrey Burnett Partner aburnett@towerarch.com (801) 438-4161

David Calder Partner dcalder@towerarch.com (801) 285-6999

James McKean Principal jmckean@towerarch.com (801) 285-0656

Rhett Neuenschwander Partner rhett@towerarch.com (801) 997-5945

Jim Allred Vice President jallred@towerarch.com (801) 316-0228

David Parkin Partner dparkin@towerarch.com (801) 997-5946

Madi Lang Vice President mlang@towerarch.com (801) 810-1456

Ryan Stratton Partner rstratton@towerarch.com (801) 997-8466

McKay Potter Vice President mpotter@towerarch.com (801) 441-0363

David Topham Partner dtopham@towerarch.com (801) 997-5948 Drew Topham Vice President drew@towerarch.com (214) 957-1775

14034 South 145 East Suite 300 | Draper, Utah 84020 | (801) 997-5808 | www.towerarch.com *The Founder Friendly Investors award was granted by Inc. Magazine. The award determination of Inc. Magazine is based on its assessment of internal criteria for each year. Such opinions and beliefs are subjective in nature. Tower Arch Capital paid an application fee to be considered in connection with its receipt of this award.

212

PARTNERING WITH FOUNDER-OWNED BUSINESSES FOR 30 YEARS

 Trinity Hunt Partners is a Dallas, TX based growth-oriented private equity firm focused

About

on partnering with business owners to build world-class business, healthcare, and consumer services companies

 Currently investing out of Fund VII  Target platform EBITDA size of $3+ million  Named as one of the most founder-friendly PE firms by Inc. Magazine BUSINESS SERVICES

Industry Focus

 Facility/Commercial Services

CONSUMER SERVICES

 Tree Care Services

HEALTHCARE SERVICES

 Medical Equipment Services

 Engineering Services  Marketing Services  CX Services  Legal Services  Coker Group – Healthcare consulting  Centricity Research – Clinical research sites  Alliance Group – Commercial HVAC  Supreme Optimization – Life sciences marketing services  MarksNelson – Accounting and advisory services

Portfolio Companies Seeking Add-Ons

 Visterra Landscape Group – Commercial landscaping  Parallel – ENT & allergy  Agital – Digital marketing services  Delve – Product design & engineering services  Unity MSK – Orthopedic, podiatry & pain mgmt. healthcare services  Fleet Restoration – Restoration services  Argano – Enterprise software implementation services  Dataprise – IT managed services  Aperture – Forensic engineering services  Improving – Custom software development services

Contact: Scott Colvert, Partner scolvert@trinityhunt.com

213

2850 N Harwood, Suite 1700, Dallas, Texas 75201 Phone: (214) 777-6600 www.trinityhunt.com

ABOUT US

INVESTMENT CRITERIA

Trive Capital is a Dallas, Texas based private equity firm with over $4 billion in regulatory assets under management. Trive focuses on investing equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas in a collaborative partnership with management teams.

• Global Mandate

The Trive team is comprised of seasoned investment professionals who have been involved in over 100 middle-market transactions representing in excess of $10 billion in revenue across Trive’s targeted industry sectors and situations.

• Actionable near-term operational improvement opportunities

- $40 million - $1.5 billion of revenues - Invest $10 - $300 million of equity and/or debt per platform • Differentiated and diversified products or services • Defensible market position with sustainable competitiveness

SITUATIONAL FOCUS

• Complex special situations in out-of-favor, but protected niches

WHY TRIVE? Excel in Complex Situations Trive seeks opportunities in complex situations, including family-owned businesses, corporate carve-outs, and distressed transactions, in which speed and certainty to close may be a priority. The firm’s professionals have considerable experience structuring, financing, and closing middle-market transactions in unique circumstances.

Value-Added Partner The Trive professionals invest with an operational mindset. The team has extensive operational backgrounds and aims to serve as a collaborative partner and value-added resource to management teams. While every situation is different, the Trive team often takes an active role in developing and implementing the operational strategy. In addition, the firm has a large network of operators in a number of industries that can serve as a further source of guidance.

Avoid Excessive Risk Taking Trive strives to create value in investments through developing and implementing a shared strategic vision on how to maximize business potential. In doing so, the firm builds value through time-tested operational best practices and prudent capital deployment without relying on excessive amounts of leverage or unnecessary business risk.

• Under-resourced or in need of additional capital • Corporate carve-outs or orphaned divisions • Take privates of undersized public companies INDUSTRY FOCUS

• Aerospace, Defense & Gov’t Services • Automotive & Aftermarket • Building Products • Business Services • Chemicals • Consumer Products • Education • Engineering, Construction & Infrastructure • Energy • Financial Services • Restaurant, Food & Beverage • Gaming • General Industrial • Healthcare • Plastics & Packaging • Real Estate • Retail • Technology, Media & Telecom • Transportation & Logistics

INVESTMENT TEAM

Conner Searcy Managing Partner connersearcy@trivecapital.com

Chris Zugaro Partner chriszugaro@trivecapital.com

David Stinnett Partner davidstinnett@trivecapital.com

Blake Bonner Partner blakebonner@trivecapital.com

Shravan Thadani Partner shravanthadani@trivecapital.com

Brad Wiginton Managing Director – Structured Capital bradwiginton@trivecapital.com

Jeff Leatherman Business Development jeffleatherman@trivecapital.com

Andrew Frank Managing Director andrewfrank@trivecapital.com

Tanner Cope Managing Director tannercope@trivecapital.com

Jared Reyes Managing Director jaredreyes@trivecapital.com

Eric Hsu Managing Director erichsu@trivecapital.com

Lavanya Mo Vice President lavanyamo@trivecapital.com

George Robinson Hunter Todd Vice President Vice President georgerobinson@trivecapital.com huntertodd@trivecapital.com

Jay Vise Vice President jayvise@trivecapital.com

Caleb Peterson Vice President calebpeterson@trivecapital.com

Riya Patel Vice President riyapatel@trivecapital.com

Nick Erturkuner Vice President nickerturkuner@trivecapital.com

Amy Xu Vice President amyxu@trivecapital.com

Carter Fine Vice President carterfine@trivecapital.com

Howard Armistead John Hamilton Associate Vice President Associate Vice President howardarmistead@trivecapital.com johnhamilton@trivecapital.com

2021 McKinney Avenue, Suite 1200, Dallas, TX 75201 214.499.9715

Walker Tiller Vice President walkertiller@trivecapital.com

Connor Anderson Katie Crepeau Associate Vice President Senior Associate – connoranderson@trivecapital.com Business Development katiecrepeau@trivecapital.com www.trivecapital.com

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Exclusively focused on the support and growth of founder-led & family-owned businesses in the middle market. • • • • • •

Founded in 1981; among oldest private equity firms in the Southeastern United States HQ in Miami; Regional presence in Charlotte, Chicago, Denver, Los Angeles, New York, and Toronto $5.5 billion in assets under management; growing team of 80+ professionals 500+ completed transactions; nearly $8 billion in aggregate portfolio value Sector Focus: Business Services, Consumer, Healthcare, Niche Manufacturing, Value-Added Distribution Highly Active Investors: 52 closed acquisitions in 2021; 60 closed acquisitions in 2022

Four Dedicated Funds for Unparalleled Flexibility

TRIVEST RECOGNITION FUND

TRIVEST MID-MARKET FUND VII

TRIVEST DISCOVERY FUND II

TRIVEST GROWTH INVESTMENT FUND II

$1.3 billion Control Fund

$950 million Control Fund

$600 million Control Fund

$435 million Non-Control Fund

Revenue $50M+ EBITDA $15M+

Revenue $20M+ EBITDA $4-15M

Fragmented Industries EBITDA $1-4M

Revenue $20M+ EBITDA $4M+

THE TRIVEST PROMISE

Doing right by Founders is a commitment we take to heart. We work hard to eliminate the typical pain points in a transaction—the ones that give private equity a bad rap. Things like re-trading, aggressive capital structures, subordinated debt, and financing contingencies. In fact, we empower and encourage Founders to reject the terms that hold them back. We call this, affectionately, “Just Say No!”

How Trivest Adds Value “PATH TO 3X”

Proprietary long-term equity value creation strategy Access to shared programs to enhance earnings Annual event to share best practices

TRIVEST TOOL CHEST CEO CONFERENCE

Trivest Partners Miami

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Charlotte

Chicago

•

(305) 858-2200 |

Denver

•

info@trivest.com

Los Angeles

New York

Toronto

Corporate Trust and Escrow Services

Timely and Responsive Escrow Management Responsive service. Efficient processes. In today’s constantly shifting financial and regulatory environment, these are the critical competencies that distinguish corporate trust, escrow, and reinsurance excellence. They’re the exact same qualities that distinguish Truist. Our skilled trust, escrow, and reinsurance specialists offer an amazing depth of insight and expertise that spans a wide range of both domestic and international challenges. But it’s not just expertise that differentiates our business. We also excel because our focus is solely on solutions rather than silos – with a dedicated single point of contact to help quickly and seamlessly achieve your transaction goals. Rapid response From timely account set-up to asset transfer, Truist delivers responsive end- to-end escrow services and rapid turnaround. Expertise Our team of skilled escrow specialists (averaging 20+ years of institutional trust experience) bring a depth of knowledge and insights that span a wide range of escrow needs to ensure the smooth management of your transaction. Efficient, cost-effective solutions Fast, accurate transaction closings also help to minimize operating costs and servicing time, enabling us to efficiently manage all of your escrow needs. Comprehensive servicing Your escrow agent also delivers all the necessary administrative services to ensure a smooth transaction and ongoing account management including: • Escrow agreement and instruction review; • Account establishment as specified by the agreement; • Access to high-quality daily liquidity products; and, • Regular statement delivery and reporting as required. And our total escrow solution encompasses more sophisticated capabilities, such as foreign exchange, to facilitate any complex or unique transactions you may have. Quick escrow service results that meet even your most challenging deadlines. It’s why Truist is ideally suited to be your escrow partner.

To find out how we can better support and streamline your corporate trust, escrow, and reinsurance businesses contact:

Deb Spitale Senior Vice President Business Development Officer 404-588-7191 deb.spitale@truist.com

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INVESTMENT CRITERIA CONTROL EQUITY INVESTMENTS IN BUSINESSES WITH:

$1m - $15m EBITDA

5%+

Fragmented

EBITDA Margin

Industries

Headquarters

SECTORS

DISTRIBUTION

BUSINESS SERVICES

MANUFACTURING

APPROACH BUY-AND-BUILD

NO FINANCING CONTINGENCIES DO NO HARM FINDER’S FEE: 2.0% OF ENTERPRISE VALUE WE WORK WITH INTERMEDIARIES, BROKERS, INDEPENDENT SPONSORS, LENDERS, ACCOUNTANTS, ATTORNEYS, AND ADVISORS THAT HAVE ACCESS TO ACQUISITION TARGETS. TWO ROADS PARTNERS LLC 1001 AVENUE OF THE AMERICAS, 23RD FL NEW YORK, NY 10018 WWW.TWOROADS.COM 217

FRANK MANCUSO HEAD OF ORIGINATION E: FRANK@TWOROADS.COM M: (484) 432-5712 O: (212) 300-9802

VRA Partners | Investment Bank Profile General Information Description Founded in 2006, VRA Partners is an investment banking firm headquartered in Atlanta, Georgia. The firm provides services in the areas such as mergers and acquisitions services to middle-market companies and private equity firms. The firm also assists companies with raising capital for growth, acquisitions, recapitalization, going private, and management buy-outs, and provides strategic advisory services. VRA primarily caters to clients in the business services, consumer, healthcare, industrial, and technology sectors. Website

www.vrapartners.com

Year Founded

2006

Entity Type

Investment Bank

Employees

Also Known As

VRA

Service Breakdown

Formerly Known As

VRH Partners

Legal Name

VRA Partners, LLC

Serviced Companies: 181 Serviced Deals: 178 Serviced Investors: 21

Service Provider Type

Investment Bank

Contact Information Primary Contact

Primary Office

Douglas McCartney

3630 Peachtree Road North East

Co-Founder & Managing Director

Suite 1000

dmccartney@vrapartners.com

Atlanta, GA 30326

Phone: +1 (404) 835-1006

United States Phone: +1 (404) 835-1000 info@vrapartners.com

Preferences Enterprise Value $25.00M - $500.00M

Transaction Amount $25.00M - $500.00M

Preferred Industries Beverages, BPO/Outsource Services, Broadcasting, Radio and Television, Building Products, Distributors/Wholesale, Food Products, Human Capital Services, Internet Service Providers, Legal Services (B2B), Logistics, Media and Information Services (B2B), Publishing, Restaurants and Bars Geographical Preferences United States Preferred Deal Types Buyout/LBO, Debt - General, Merger of Equals, Merger/Acquisition, Mezzanine, PE Growth/Expansion, PIPE Preferred Verticals Manufacturing, Mobile, SaaS, Building Products, Food Products

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VSS Capital Partners | PE/Buyout Profile General Information Description Founded in 1981, VSS Capital Partners is a private equity firm based in New York, New York. The firm seeks to invest in companies operating in the education, business services, and healthcare sectors based in North America. Website

www.vss.com

Total Investments

548†

Entity Types

PE/Buyout Lender

Active Portfolio

Formerly Known As

Veronis Suhler Stevenson

Investments (TTM)

19†

Legal Name

Veronis Suhler Stevenson LLC

Exits

116

Investor Types

PE/Buyout (Primary Type) Growth/Expansion Mezzanine

Med. Round Amount

$5.50M

Med. Valuation

$5.35M

# of Professionals

Investor Status

Actively Seeking New Investments

Year Founded

1981

AUM

$1.14B

Dry Powder

$270M

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contacts

Primary Office

Jordan Margolin

400 Park Avenue

Business Development Executive

17th Floor

margolinj@vss.com Phone: +1 (212) 381-8533

New York, NY 10022 United States

Prithvi Aiyaswamy

Phone: +1 (212) 935-4990

Business Development Professional

Fax: +1 (212) 381-8168

aiyaswamyp@vss.com

communications@vss.com

Phone: +1 (212) 381-8419

Investment Preferences Preferred Investment Amount[s]

$10M - $50M

Preferred Revenue[s]

$20M - $150M

Preferred Company Valuation[s]

$25M - $500M

Preferred Deal Size[s]

$25M - $500M

Preferred EBITDA

$1M - $25M

Preferred Investment Horizon[s]

3 - 5 years

Preferred Industries Accounting, Audit and Tax Services (B2B), Accounting, Audit and Tax Services (B2C), BPO/Outsource Services, Business/Productivity Software, Construction and Engineering, Consulting Services (B2B), Education and Training Services (B2B), Educational and Training Services (B2C), Educational Software, Environmental Services (B2B), Financial Services, Healthcare Services, Human Capital Services, IT Consulting and Outsourcing, Legal Services (B2B), Legal Services (B2C), Media and Information Services (B2B), Other Commercial Services, Other Healthcare Technology Systems, Security Services (B2B) Geographical Preferences North America Preferred Deal Types Add-on, Buyout/LBO, Debt - General, Junior Debt, Management Buyout, Mezzanine, PE Growth/Expansion, Recapitalization Preferred Verticals AdTech, CloudTech & DevOps, Construction Technology, Cybersecurity, Digital Health, EdTech, FinTech, HealthTech, HR Tech, InsurTech, Legal Tech, Life Sciences, Marketing Tech, Mortgage Tech, Pet Technology, SaaS, Supply Chain Tech, TMT Other Investment Preferences Long-Term Investor, Prefers majority stake, Prefers minority stake, Seeks ESG investments, Will syndicate

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Webster Equity Partners is a middle market

Fund V

$1,700

Current Fund

Fund Size (mm)

$3-25

Fund V Platform Investments

EBITDA (mm)(1)

private equity firm based in greater Boston and focused on control

investments of founder backed Healthcare Services

companies.

DEAL CRITERIA ▪ Patient-centric healthcare organizations providing essential clinical care and services ▪ Partner with management seeking to realize untapped growth from access to capital and operating partner relationships ▪ Preference to be first institutional capital ▪ Bias towards companies that are not ready for broad marketability

HEALTHCARE SERVICES THEMES ▪ ▪ ▪ ▪ ▪ ▪ ▪

Low cost delivery of care Unconsolidated fragmented industry Alternative site model Value based care opportunity Post acute consolidation opportunity Imbalance of supply and demand Asset light business model

SELECT HEALTHCARE SERVICES VERTICALS ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪

Behavioral Health Compliance and Credentialing Healthcare Ancillary Services Healthcare Education Healthcare Staffing Home Health & Hospice Lab Services Medical Contract Manufacturing Medical Supplies and Distribution

▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪

Outsourced Services Payor Services Pharma Services Physician Practices Post-Acute Care Senior Primary Care Tech Enabled Services Value-Based Care Women's Health

Notes: 1) Webster will consider deals outside of this EBITDA range including coinvestments and add-ons

Daniel Schultz Managing Director of Business Development E: dschultz@websterequitypartners.com T: +1 (781) 419-1511 Webster Equity Partners | 1000 Winter Street | Center Entrance | Waltham, MA 02451 | www.websterequitypartners.com

221

Overview WestView Capital Partners is a Boston-based private equity

Sector Focused

firm focused on partnering with managers of growth-oriented middle market companies.

Our partnership model is deeply rooted in investing with management teams

who have a meaningful equity stake in their businesses. As a result of this core

BUSINESS SERVICES

IT SERVICES

HEALTHCARE IT & OUTSOURCING

SOFTWARE

aspect of our investment philosophy, we are equally comfortable investing in minority and majority ownership situations. We were founded in 2004 and manage approximately $2.7 billion of committed capital across five funds.

Investment Philosophy and Criteria We seek to invest $20 to $100 million utilizing our control-agnostic approach

which enables us to partner with exceptional managers across a variety of

transactions, including recapitalization, growth, buyout and consolidation transactions.

We focus on companies which have the following attributes: •

Consistency and growth in historical financial performance

•

EBITDA between $3 and $25 million

• •

GROWTH INDUSTRIAL

Revenue of at least $10 million

Sustainable competitive advantages and market position

WestView Professionals Carlo von Schroeter

Rick Williams

Matthew Carroll

Jonathan Hunnicutt

Managing Partner cvs@wvcapital.com

Managing Partner rjw@wvcapital.com

Managing Partner mtc@wvcapital.com

Managing Partner jeh@wvcapital.com

John Turner

Greg Thomas

Kevin Daury

Jeffrey Clark

Senior Advisor jht@wvcapital.com

Partner gwt@wvcapital.com

CFO & CCO kmd@wvcapital.com

Principal jlc@wvcapital.com

Kevin Twomey

Brett Rocheleau

Joshua Kantor

Jeffrey Klofas

Principal kjt@wvcapital.com

Principal bmr@wvcapital.com

Vice President jak@wvcapital.com

Vice President jmk@wvcapital.com

Thomas Gilligan

Mary Kate Marino

Matthew Desforge

Anthony John

Vice President tjg@wvcapital.com

Senior Associate mkm@wvcapital.com

Senior Associate mjd@wvcapital.com

Associate ajj@wvcapital.com

Isabella Floramo

Cheryl Czyrklis-Coleman

Associate irf@wvcapital.com

Office Manager cac@wvcapital.com

www.wvcapital.com

WestView by the Numbers

2004

YEAR FOUNDED

INVESTMENTS

47%/53%

MINORITY / MAJORITY

38%+

AVERAGE MANAGEMENT OWNERSHIP

40+

PORTFOLIO EXECUTIVES INVESTED IN OUR FUNDS

P: 617-261-2050 F: 617-261-2060 | 125 High Street, Suite 2612, Boston, MA 02110

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WhiteHorse Capital | Lender Profile General Information Description Founded in 2004, WhiteHorse Capital provides senior and second lien debt for refinancing, growth capital, acquisitions, buyouts, and balance sheet recapitalizations for middle market companies in the United States, Canada, and Europe.The firm provides a broad mandate to provide a wide range of financing solutions across a range of industries and capital structures, to sponsor-led businesses as well as directly to owner-operators. Website

www.whitehorse.com

Year Founded

2004

Entity Types

Lender Private Company Lender/Debt Provider

Employees

Service Breakdown

Serviced Companies: 128 Serviced Deals: 161 Serviced Investors: 1 Serviced Funds: 1

Also Known As

WhiteHorse

Legal Name

WhiteHorse Capital, LLC

Service Provider Type

Lender (Primary Type) Senior / Unitranche

Contact Information Primary Contact Jay Moore

Primary Office 1450 Brickell Avenue 31st Floor Miami, FL 33131 United States

Managing Director jmoore@whitehorse.com Phone: +1 770-540-6400

Phone: +1 (305) 381-4100 Fax: +1 (305) 379-2013 info@whitehorsecapital.com

Preferences Transaction Amount $30MM - $275MM

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Geographical Preferences

Preferred Deal Types

Preferred Verticals

Preferred Fund Types

Europe, United States

Acquisition Financing, Addon, Asset Acquisition, Bridge, Buyout/LBO, Debt - General, Debt Refinancing, Dividend Recapitalization, Loan, Merger/Acquisition, Mezzanine, PE Growth/Expansion, Recapitalization, Revolving Credit Line, Second Lien, Senior Debt, Senior Debt, Secured, Subordinated Debt

Industry Agnostic with expertise in Telecom, Media and Technology, Healthcare, Business Services, Financial Services and Consumer Services

Debt - General, Direct Lending

Windjammer Capital Investors | PE/Buyout Profile General Information Description Founded in 1990, Windjammer Capital Investors is a private equity firm based in Waltham, Massachusetts. The firm prefers to invest in niche manufacturing, business services, value-added distribution, business services, healthcare, and consumer & food companies based in North America. Website

www.windjammercapital.com

Total Investments

136†

Entity Type

PE/Buyout

Active Portfolio

Also Known As

Windjammer

Investments (TTM)

4†

Legal Name

Windjammer Capital Investors LLC

Exits

Investor Type

PE/Buyout (Primary Type) Growth/Expansion

Med. Round Amount

$70.00M

Investor Status

Actively Seeking New Investments

Med. Valuation

$250.00M

Year Founded

1990

# of Professionals

AUM

$3.0B

Dry Powder

$1.0B

† Includes add-ons All investments are equity/add-on investments only

Contact Information Primary Contact John Donahue Managing Director, Business Development jdonahue@windjammercapital.com Phone: +1 (781) 530-9161

Primary Office 840 Newport Center Drive Suite 650 Newport Beach, CA 92660 United States Phone: +1 (949) 721-9944 Fax: +1 (949) 720-4222 info@windjammercapital.com

Investment Preferences Preferred Investment Amount[s]

$50M - $200M

Preferred EBITDA

$10M - $50M

Preferred Industries Aerospace and Defense, Automotive, BPO/Outsource Services, Distributors/Wholesale, Educational and Training Services (B2C), Electrical Equipment, Healthcare Devices and Supplies, Industrial Supplies and Parts, Machinery (B2B) Geographical Preference Canada, United States Preferred Deal Types Add-on, Buyout/LBO, Carveout, Debt - General, Mezzanine, PE Growth/Expansion, Public to Private, Recapitalization, Subordinated Debt Preferred Verticals AgTech, Digital Health, FoodTech, Manufacturing Other Investment Preferences Prefers majority stake, Prefers minority stake, Will lead on a deal, Will syndicate

224

TRANSACTION ADVISORY Withum is a forward-thinking, technology-driven advisory and accounting firm committed to helping our clients be more profitable, efficient and productive in today’s complex business environment. Whether you are a buyer or seller, we offer flexible transaction advisory services throughout the M&A lifecycle. We know that every deal is different and tailor our approach to the unique aspects of your transaction, including the target’s industry, complexity and size, as well as your plans and goals to realize value from the transaction.

M&A Lifecycle Withum’s resources can drive value across all phases of the deal lifecycle. ■ Acquisition Strategy ■ Target Screening

■ Sales Process Strategy ■ ESG Strategy

STRATEGY

■ Supply Chain Strategy

SOURCING

■ Strategic Fit Assessment ■ Financial Modeling

■ Capitalization Assessment

■ Sell-Side Financial Due Diligence ■ Sale Readiness

■ Buy-Side Financial Due Diligence

REALIZATION

■ Tax Due Diligence

EXECUTION

■ Transaction Tax Structuring ■ Wealth Management

■ Tax Structuring ■ Operational Due Diligence ■ Cybersecurity Due Diligence

■ Exit Planning

■ IT Due Diligence (Systems & Software)

■ ESG Planning

VALUE CREATION ■ Performance Improvement

■ HR Due Diligence

INTEGRATION

■ Integration Planning & Project Management ■ Purchase Price Allocation

■ Technology Improvement

■ Working Capital Adjustment

■ Assurance & Accounting

■ Finance & Accounting Outsourcing

■ Tax

■ IT Integration & Upgrades

■ Supply Chain Improvement

■ Cybersecurity

■ Process Reengineering

■ Data Analytics &Dashboard Reporting ■ Change Management

Steve Brady, CPA, Partner Market Leader, Transaction Advisory T (609) 445 2808 sbrady@withum.com

A DV I S O RY TA X A U D I T

225

• WYNNCHURCH • OVERVIEW •

INVESTMENT CRITERIA

$5.7 billion of regulatory assets under management targeting companies based in the U.S. & Canada Target Good-to-Great, Underperforming, and Distressed companies Invest $50 million to $750 million in equity per platform1

•

135+ platform & add-on investments successfully completed during 20+ year track record

•

Strong management team in place or identified

•

Defensible business niche with a sustainable competitive advantage

•

Typically seek platforms of $100 million to $3 billion revenue (no minimum for add-ons)

•

No EBITDA requirements (negative EBITDA up to $200+ million)

Aerospace & Defense

Automotive

Building Products & Materials

Chemicals

Consumer

Distribution & Logistics

Food

Healthcare Equipment & Supplies

Industrial Products & Capital Goods

Industrial Services

Metals & Mining

Paper & Packaging

INDUSTRIES OF INTEREST

TRANSACTION • FLEXIBILITY •

Buyouts

•

Recapitalizations

•

Restructurings

•

Going Privates

Corporate Carve-outs

•

Joint Ventures

•

Growth Capital

•

Bankruptcies

SELECT REALIZED INVESTMENTS CONTACTS FOR NEW INVESTMENT OPPORTUNITIES COMMITMENT TO COMMUNITY

Jim Towers Vice President jtowers@wynnchurch.com Wynnchurch is proud to be a supporter of SEO and their mission of increasing diversity in the alternative investments industry

Ramsay McLearie Vice President rmclearie@wynnchurch.com Wynnchurch is proud to partner with Girls Who Invest and support their 30 by 30 Vision: 30% of the world’s invested capital managed by women by 2030

6250 N. River Road, Suite 10-100, Rosemont, IL 60018 www.wynnchurch.com | 847-604-6100

1Includes Limited Partner Co-investment

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227

Troutman Pepper Hamilton Sanders | Law Firm Profile General Information Description Troutman Pepper is a national law firm with more than 1,200 attorneys strategically located in 23 U.S. cities. The firm’s litigation, transactional, and regulatory practices advise a diverse client base, from startups to multinational enterprises. The firm provides sophisticated legal solutions to clients’ most pressing business challenges, with depth across industry sectors, including energy, financial services, health sciences, insurance, and private equity, among others. Consistently recognized as a top-tier national practice, Troutman Pepper’s corporate attorneys regularly handle multimillion- and multibillion-dollar transactions. Core areas of service include capital markets transactions and other significant domestic and cross-border transactions, mergers and acquisitions, corporate governance, securities laws compliance, commercial lending, and corporate finance. The firm has particular expertise in the private equity and private fund services space, advising clients on matters from fund formation to investments and exit transactions as well as distressed M&A and the purchase of distressed assets. Website

www.troutman.com

Year Founded

1897

Entity Types

Law Firm Private Company Acquirer

Employees

1784

Service Breakdown

Serviced Companies: 256 Serviced Deals: 246 Serviced Investors: 170 Serviced Funds: 1

Also Known As

Troutman Pepper

Legal Name

Troutman Pepper Hamilton Sanders LLP

Service Provider Type

Law Firm

Contact Information Primary Contact Mason Bayler Department Chair Mason.Bayler@troutman.com Phone: +1 (804).697.1202

Primary Office 600 Peachtree Street, North East Suite 3000 Atlanta, GA 30308 United States Phone: +1 (404) 885-3000

Preferences Preferred Industries Accessories, Accounting, Audit and Tax Services (B2B), Accounting, Audit and Tax Services (B2C), Air, Air, Alternative Energy Equipment, Application Software, Asset Management, Automation/Workflow Software, Automotive, Beverages, BPO/Outsource Services, Brokerage, Buildings and Property, Business/Productivity Software, Cable Service Providers, Clothing, Commercial Banks, Commercial Products, Communication Software, Computer Hardware, Connectivity Products, Construction and Engineering, Consulting Services (B2B), Consumer Durables, Cultivation, Database Software, Education and Training Services (B2B), Educational and Training Services (B2C), Educational Software, Electric Utilities, Energy Infrastructure, Energy Storage, Energy Transportation, Entertainment Software, Environmental Services (B2B), Exploration, Production and Refining, Fiberoptic Equipment, Financial Software, Food Products, Gas Utilities, Gold Mining, Government, Healthcare Devices and Supplies, Healthcare Services, Healthcare Technology Systems, Hotels and Resorts, Household Products, Human Capital Services, Industrial Chemicals, Insurance, Internet Service Providers, Internet Software, Investment Banks, IT Consulting and Outsourcing, Leisure Facilities, Logistics, Luxury Goods, Marine, Marine, Media, Media and Information Services (B2B), Multi-line Mining, Multi-Utilities, Multimedia and Design Software, Oil and Gas Equipment, Other Agriculture, Other Business Products and Services, Other Capital Markets/Institutions, Other Chemicals and Gases, Other Commercial Services, Other Communications and Networking, Other Consumer Non-Durables, Other Consumer Products and Services, Other Containers and Packaging, Other Energy, Other Energy Services, Other Equipment, Other Financial Services, Other Forestry, Other Metals, Minerals and Mining, Other Semiconductors, Other Services (B2C Non-Financial), Other Transportation, Other Transportation, Other Utilities, Paper/Soft Products, Personal Products, Pharmaceuticals and Biotechnology, Plastic Containers and Packaging, Precious Metals and Minerals Mining, Private Equity, Production (Semiconductors), Real Estate Services (B2C), Restaurants and Bars, Retail, Road, Security Services (B2B), Social/Platform Software, Software Development Applications, Specialty Chemicals, Synthetic Textiles, Systems and Information Management, Telecommunications Service Providers, Vertical Market Software, Wireless Communications Equipment, Wood/Hard Products Geographical Preferences United States Preferred Deal Types Accelerator/Incubator, Acquisition Financing, Add-on, Angel (individual), Asset Acquisition, Bankruptcy: Admin/Reorg, Bonds, Bridge, Buyout/LBO, Carveout, Corporate, Corporate Asset Purchase, Corporate Divestiture, Debt - General, Debt - PPP, Debt Refinancing, Early Stage VC, IPO, Joint Venture, Later Stage VC, Loan, Management Buyout, Merger of Equals, Merger/Acquisition, Mezzanine, PE Growth/Expansion, PIPE, Public Investment 2nd Offering, Reverse Merger, Secondary Transaction - Open Market, Secondary Transaction - Private, Seed Round, Senior Debt, Spin-Off Preferred Verticals 3D Printing, AdTech, Advanced Manufacturing, AgTech, Artificial Intelligence & Machine Learning, Augmented Reality, Autonomous cars, B2B Payments, Big Data, Cannabis, CleanTech, Climate Tech, CloudTech & DevOps, Cryptocurrency/Blockchain, Cybersecurity, Digital Health, E-Commerce, EdTech, Esports, FinTech, FoodTech, Gaming, HealthTech, Industrials, Infrastructure, InsurTech, Internet of Things, Life Sciences, LOHAS & Wellness, Manufacturing, Marketing Tech, Micro-Mobility, Mobile, Mobile Commerce, Mobility Tech, Nanotechnology, Oil & Gas, Oncology, Pet Technology, Real Estate Technology, Robotics and Drones, SaaS, Space Technology, Supply Chain Tech, TMT, Virtual Reality, Wearables & Quantified Self

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TRANSACTION ADVISORY Corporate transactions continue to be a significant component of overall corporate strategy. Inorganic growth that includes a viable acquisition program is a great strategy to quickly expand and gain market share. Whether your business was built from the ground up or acquired through an investment, capital transactions can become a complex and lengthy process. When looking to buy or sell a business, you need the right advisor with the right experience to support you through every stage of the deal. Windham Brannon’s Transaction Advisory team offers top-notch transaction advisory services to help you with all due diligence needs, assessments, tax planning and structuring. We take a consultative approach based on years of capital markets experience to refine strategic plans and help support transactions. If you are considering a strategic purchase, the disposition of a non-core business or a strategic merger to grow your business, your team will need the very best support to ensure success. Windham Brannon’s Transaction Advisory team has provided leadership in more than 100 deals with cumulative value in excess of $4 billion. Our services are designed to increase value, clarity, and competitive positioning from buy/sell side to post-deal support and guidance.

HOW WE HELP M&A TAX PLANNING

FINANCIAL DUE DILIGENCE • Quality of Earnings Analysis

• Asset vs. Stock True-up Analysis

• Buy-side and Sell-side

• Built-in-Gains Tax Calculation

• Working Capital Analysis & True-Up Calculations

• Gift Tax and Estate Planning

• Carve-out Transactions

• Tax Deal Structuring

• Financial Modeling

• Tax Diligence (Federal & State Local) • Waterfall Allocations • International Tax • Tax Credits and Incentives

DATA ANALYTICS

VALUATION SERVICES • Private Debt and Equity Funds Valuations

• Smart Dashboards

• Complex Securities and Contingent

• Business Intelligence

Considerations (Earnouts)

• Purchase Price Allocations (ASC 805/IFRS 3) • Fair Value Measurements: Goodwill or Indefinite Lived Intangible Impairment (ASC 820, ASC 350/IFRS 36)

AT A GLANCE

We work on $20M-$500M deals

229

windhambrannon.com

We have a team of 60+ associates supported by 100+ accountants

Advisory accounts for 25% of the firm’s revenue

ACG Atlanta

2023-24 Board of Directors Top Row, Left to Right:

Bottom Row, Left to Right:

Not Pictured:

Gloria Kantor* Jermain Pettis Jesse Speltz Colby Schwartz (Chair) Hazen Dempster Meg Williams* Steve Tye Bill Lundstrom Colin Blouin*

Beth Turner Ann Cox Chevy Arnold Jagruti Solanki

David Calhoun David Clifton David Cusimano Jeremy Ellis Anthony Hauser Reese Henson Russ Herakovich Steve Hunter Karan Ishwar Justin King

*denotes ACG Atlanta Staff Member

230

Virginia Kiseljack Tom Matthesen Cardell McKinstry Giny Mullins Luis Reyes Karen Robinson Cope Shraddha Shah Laura Shen Bill Wade Greg Worthy

Continue networking at these scheduled events FEBRUARY 29

Georgia Fast 40 Preview Event - Buckhead Club

JUNE 13-14

ACG SE Regional Deal School - King & Spalding

JUNE 27

Georgia Fast 40 Celebration - Flourish Atlanta

AUGUST 22

Taste of ACG Atlanta - The Stave Room

SEPTEMBER 24

ACG Atlanta Inaugural DealSource - Truist Park

acg.org/atlanta