GROWTH THAT TELLS A STORY.

GREENWICH, CT – Southfield Capital, a premier lower middle-market private equity firm, announced today that it has completed the sale of Tier One Relocation (“Tier One”). Tier One is a leading certified provider of door-to-door household moving services for the U.S. military. Terms of the private transaction were not disclosed. Southfield Capital acquired Tier One in 2016 in partnership with the company’s management team. Tier One experienced tremendous growth during Southfield’s ownership. The company’s exceptional performance was due to the expansion of its service offering, strategic acquisitions and the augmentation of the leadership team. The sale represents a very successful exit for Southfield’s investors and the management shareholders. “Although we look forward to our new partnership, I’d be disingenuous if I didn’t acknowledge a bit of sadness about leaving Southfield: they’ve been supportive, helpful, resourceful and there when we needed them and not when we didn’t - everything a CEO wants out of a partner.” said Brian Gallagher, CEO of Tier One. Andy Cook, a Partner with Southfield Capital, commented on the sale, “It was truly an honor to work with the Tier One team. We took great steps to grow and professionalize the business while never losing track of the core mission of providing essential relocation services to U.S. military service members and their families.” Robert W. Baird, McGladrey and Finn Dixon & Herling advised Southfield on the transaction. About Tier One Headquartered in Weirton, WV, Tier One Relocation is a Department of Defense relocation manager. The Company coordinates military personnel household relocations throughout the continental U.S. Tier One’s customers are transportation service providers including moving, line haul, freight forwarding, packaging and storage providers. Tier One’s outsourced services include order procurement, relocation management, customer service and back-office administration. About Southfield Capital Southfield Capital is a private equity firm that invests in exceptional, growing companies in the lower middle market. The firm makes control investments in North American companies generating $4 - 12 million in EBITDA with proven business models, attractive growth and profitability trends, and strong leadership. For more information, please visit www.southfieldcapital.com Our Team Andy Levison, Managing Partner Andy Cook, Partner Heb James, Partner Tim Lewis, Partner Brandon Pinderhughes, Vice President Chris Grambling, Vice President Josh Sylvan, Associate Jon Goldstein, Chief Financial Officer Southfield Capital 53 Greenwich Avenue, 2nd Floor Greenwich, CT 06830 Phone: 203.813.4100 Fax: 203.813.4141 www.southfieldcapital.com

GREENWICH, CT – Southfield Capital, a premier lower middle market private equity firm, announced today that Kelvin Group, (“Kelvin”), a leading national provider of industrial and commercial mission-critical mechanical refrigeration services, process safety management and environmental compliance, has completed the acquisition of PermaCold Engineering, Inc. (“PermaCold”), a premier industrial refrigeration company headquartered in the Pacific Northwest. The acquisition of PermaCold represents Kelvin’s fourteenth acquisition since partnering with Southfield. Founded more than 30 years ago by industry pioneers, Steve Jackson and Randy Cieloha, PermaCold has built a reputation for excellence, innovation and reliability in the industrial refrigeration industry. The company is widely recognized for its expertise in ammonia and CO2 refrigeration systems as well as its ability to deliver complex, high-performance solutions to clients across the western United States. The integration of PermaCold into Kelvin Group's family of companies, which features reputable brands such as ARC Mechanical, Refrigeration Design & Service (RD&S), RC&E, HCG Associates, and JS Compliance, further solidifies Kelvin's standing as a national provider of mission-critical mechanical services. “Kelvin’s acquisition of PermaCold represents an exciting milestone as the company continues its national expansion strategy by entering the Pacific Northwest. PermaCold’s deep technical expertise, admired technician team and customer service focus makes them a natural partner for Kelvin,” said Harry Gray, CEO of Kelvin Group. “Together, we look forward to offering an enhanced set of capabilities to support our combined customer base.” “When we decided to sell, Randy and I were adamant in locating an organization that shares our company’s culture and values relating to customers and employees, and Kelvin more than achieved this goal,” said Steve Jackson, “We’re excited to leverage Kelvin’s national footprint to better serve our customers while staying true to the values that have guided us for more than 30 years.” Southfield Partner, Chris Grambling, commented on the transaction, "We are delighted to welcome the PermaCold team to the Kelvin family. PermaCold has built a phenomenal reputation in the Pacific Northwest and their addition bolsters Kelvin’s geographic coverage, establishing Kelvin as a coast-to-coast mechanical services provider." Deerpath Capital Management and Crescent Capital provided debt financing. G2 Capital Advisors served as the buy-side advisor to Kelvin. Finn, Dixon & Herling provided legal counsel to Kelvin and Southfield Capital. About Kelvin Group Kelvin Group is a national leader in the field of industrial and commercial mission-critical mechanical services, process safety management and environmental compliance. Its turnkey solutions provide design/installation, service and planned maintenance and testing and compliance of world-class mechanical systems for leaders in the food and beverage, cold storage, pharmaceutical, educational, health care, and process industries. Once engaged with customers, Kelvin assists business owners achieve mandated health, safety, environmental and regulatory compliance standards. For more information, please visit www.kelvin.cool . About Southfield Capital Southfield Capital is a private equity firm that invests in high-growth, lower middle market companies in the business services sector. The firm targets companies with $4 - 20 million in EBITDA and partners with management to scale the business through a combination of organic and acquisition growth strategies. For more information, please visit www.southfieldcapital.com .